Exam 11: Pay and Incentive Systems

Disadvantages of teams can include competition between teams,inability for workers to see their individual contributions,and top performers who have to carry those who don't carry their fair share of the load.

________ must be designed not only to attract and retain employees but also to ensure labor costs do not become excessive in relation to those of competing employers.

What are some of the major changes that are occurring in terms of overall philosophy of compensation administration?

One way to classify performance incentives is according to the _____ targeted.

Which of the following is NOT another name for gain sharing?

Under the Fair Labor Standards Act,overtime pay is required for exempt as well as nonexempt jobs.

Which of the following is NOT considered a permanent cutback?

Which theory in labor economics holds that unless an employee can produce a value equal to the value received in wages,it will not be worthwhile to hire that worker?

Advantages to pay openness policies include that it forces managers to publicly defend their pay decisions.

One downside of team incentives is that most employees do not feel that their jobs have a direct impact on profits,or at least they cannot see the link.

In the United States,about 90 percent of large and medium-sized companies now offer some kind of _____ such as profit-sharing and bonus awards.

_________ revenue theory in labor economics holds that unless an employee can produce a value equal to the value of received wages,it will not be worthwhile to hire that worker.

Compare and contrast market-based pay and competency-based pay.

Which of the following laws established the first national minimum wage?

Merit pay systems often fail for all but which of the following reasons?

Properly designed incentive programs work because they are based on what two well-accepted psychological principles?

Team incentives provide an opportunity for each team member to receive a bonus based on the:

Because sign-on bonuses do not increase base salaries,the structure of differences in pay between new hires and experienced employees does not change.

At a broad level,a(n)_____ includes anything an employee values and desires that an employer is able and willing to offer in exchange for employee contributions.

What steps can companies take to sew corporate top and bottom back together?