Exam 11: Strategic Pay Plans

Victoria is very happy. She has been a contract worker for a construction company and has just been offered full time. She will now receive additional benefits such as vacation pay. What is this component of employee compensation called?

There are several steps in pricing jobs with a wage curve. What is the first step?

What is used to define job content?

The job classification method of job evaluation is a widely used method in which jobs are categorized into which of the following?

Management does not serve on a job evaluation committee because this would constitute a conflict of interest.

What is an example of an informal survey conducted by an employer?

Since the introduction of pay equity legislation in Canada the wage gap between genders is virtually non-existent today.

Justin used to assemble 18 desks per hour during his shift for the furniture company he works for. Then he found out that other workers who only assemble 13 to 15 desks per hour were receiving the same compensation as he was. Justin now assembles 14 desk per hour. What is this an example of?

Walking a customer to where a product is located rather than telling the customer where it is and pointing to the general area, is considered a core competency.

Kyle just started his new position with a large cola company. Part of his orientation was to provide banking information for deposit of his salary into his bank account as opposed to receiving a payment via a company cheque. What is this component of employee compensation called?

A pay grade comprises jobs of similar responsibility but a wide range of compensation.

Julien and Bernard, friends in the same commerce program, find similar summer jobs at banks at the end of their winter school terms. Julian learns that Bernard's compensation is 11% more than what he is being paid. Julien feels his employer provides unfair compensation and begins looking for a new job? What is this an example of?

Which of the following commonly use the classification method to categorize jobs into groups?

Aaron decided to pursue a career as a financial. His decision was strongly influenced by his research that revealed virtually every company needs accountants. With respect to job evaluation what kind of job is accounting?

An employer chooses to be gender-neutral in devising salaries for jobs that are both male- and female-dominated. Which type of legislation is the employer adhering to?

Which type of pay is predominant today?

What is the problem resulting from using data in employee compensation surveys known as?

Why does the job evaluation committee want to group jobs in terms of their ranking or number of points into grades?

When Mary started her web application company one of her missions was to make sure job applicants and employees would not experience discrimination as it related to their pay and opportunities for advancement. Which type of legislation did Mary adhere to?

Statistics Canada provides monthly data on earnings by