Exam 11: Establishing Strategic Pay Plans

In most cases,the majority of the voting members on a job evaluation committee are ________.

Which of the following is used to anchor the employer's pay scale?

Because the minimum wage is set by the Fair Labor Standards Act,there is no variation from state to state in the minimum wage paid to hourly workers.

Jason is an information systems technician in a town in North Carolina with a population of 100,000.He receives an annual salary of $35,000.He recently found out that a nearby town with a similar population pays people in the same position $40,000 annually.With which of the following is Jason most concerned?

Which of the following is NOT a type of direct financial payment?

Studies indicate that paying employees too little reduces morale,while overpaying people improves morale.

The provision of the Family and Medical Leave Act that entitles employees to take up to 12 weeks of unpaid,job-protected leave for the birth of a child only applies to women.

Which of the following best describes the point method of job evaluation?

What are the key differences between competency-based pay and traditional job-based pay? Which method would you prefer if you were an employee? Why?

Competency-based pay systems offer employers more flexibility but are less efficient than traditional job evaluation methods.

Salary surveys are used by firms to collect data on employee benefits as well as wage rates for the purpose of pricing jobs.

Which of the following gives employees the right to organize,bargain collectively,and engage in concerted activities for the purpose of collective bargaining?

Advocates of competency-based pay assert that the system encourages employees to develop the knowledge,skills,and behaviors a firm needs to achieve its strategic goals.

What theory of motivation states that people are strongly motivated to maintain a balance between what they perceive as their contributions and their rewards?

Job evaluations are used to determine the pay scale of all employees in an organization from hourly workers to the CEO.

Explain the equity theory of motivation.What are the four forms of equity?

Homelife,a national chain of high-end furniture stores,employs nearly 800 workers.In the past few years,the company's market share has dropped significantly,and employee turnover has increased.Upper management is considering the implementation of a new compensation policy in its efforts to turn the company around.Historically,the company has paid all employees similarly with some variation for seniority but no distinction between high and low performers. Which of the following,if true,best supports the argument that Homelife executives should primarily address internal equity issues when developing a new compensation plan?

In most cases,which of the following occupations is NOT exempt from the overtime provisions of the Fair Labor Standards Act?

The purpose of the wage curve is to ________.

According to many experts,which of the following would most likely reduce the wage gap between men and women?