Exam 10: Compensation: An Overview

The ____________ requires the payment of minimum prevailing wages of the locality to workers engaged in federally sponsored public works.

For a salary survey to be useful,employees should not be involved in choosing the organizations to be surveyed.

What are the four provisions of the Fair Labor Standards Act?

The greatest number of job evaluation plans use the _________.

The low cost of living in developing countries allows organizations to pay foreign workers less than American workers.

Generation ___ has the highest percentage of members that have finished high school and college.

Relative deprivation theory suggests that pay dissatisfaction is a function of all of the following except:

About 92 percent of nonsupervisory farm workers are covered by the Fair Labor Standards Act.

When pay is considered _________,it is enough it help an employee feel secure and aid him or her in satisfying basic needs.

The classification system groups a set of jobs together into a grade or classification,then ranks these sets of jobs by the number of employees performing the job.

A pay class always has multiple pay rates

What are the four elements that are used to establish the equality of positions?

The _____________ requires firms doing business with the federal government to pay wages at least equal to the industry minimum.

Why do most job evaluation plans use the point system?

Which of the following is not one of the three basic pay-level strategies?

Broadbanding give managers more flexibility in moving employees through the pay structures.

According to the text,the best surveys have ten characteristics.Identify five of them.

Who may be paid an "opportunity wage"?

When applying the provisions of the Equal Pay Act,four elements are used to establish the equality of positions.These elements include: _______________.

Diversity is limited to the demographic characteristics of the workforce.