Exam 9: Managing Compensation

Strategic compensation is the compensation of employees in ways that enhance motivation and growth while concurrently aligning their efforts with the goals of the organization.

One theory of motivation is based on the proposition that employees would exert greater work effort if they have reason to anticipate it (their effort)will result in a valued reward.What is this theory?

Which of the following is an external factor that can influence the rates at which employees are paid?

What type of jobs do companies normally use to collect wage survey data?

Both Sam and Samantha work as cashiers at Modelo Hot Dogs.They do work of equal value to the firm,yet Sam receives less pay than Samantha.Sam is not happy because he perceives the system as being unfair to him.Which theory can you use to explain Sam's perceptions?

Wage compression may create problems related to which of the following?

Internal factors that influence wage rates include the worth of a job,and the employer's ability to pay.

Job ranking is a simple method that provides a precise measure of each job's worth.

Pay equity is covered only under federal jurisdiction.

Competence-based pay systems represent a fundamental change in the attitude of management regarding how work should be organized and how employees should be paid for their work efforts.

Steps within a rate range allow pay increases based on merit or seniority or a combination of the two.

Expectancy theory predicts that people expect to be paid as much or more than individuals in a similar job class.

Managers will group similar jobs into a pay grade in order to help with the setting of wages for all jobs.

For real wages to increase,what is necessary?

Using the point manual,how is the relative worth of a job determined?

Which of the following issues does job evaluation helps to address?

As the year 2000 approached,many organizations hired "young" and "inexperienced" information technology (IT)specialists to help address the Y2K problem.Many of these new hires were paid high compensation that brought them very close to the compensation earned by experienced IT specialists working with these companies.Which of the following can such a practice lead to?

Real wages represent the difference between wage increases and cost-of-living increases.

Compensable factors include skills,effort,responsibilities,and working conditions.

Desirée is a female receptionist employed by York University in Toronto.John is a male janitor with the same employer.Both jobs are evaluated as having 500 points,yet Desiree is paid less than John.She has decided to legally challenge the employer.Which of the following is relevant in this case?