Exam 8: Rewarding and Recognizing Employees

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Salaried employees are those whose compensation is computed on the basis of weekly, biweekly, or monthly pay periods.

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Competency is defined as measurable and observable skills, abilities, or knowledge that an employee requires before being promoted.

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How is the growing number of aging Canadians impacting the family members caring for them?

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Broadbanding refers to collapsing many traditional salary grades into a few wide salary bands.

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When determining wage rates in a specific geographical area, employers can check with professional associations for wage guidance.

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Managers will group similar jobs into a pay grade.

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Which plan helps employees keep up to date with advances in their occupational fields?

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When a union negotiates an increase in "real wages", what is the impact on its members?

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Which job evaluation system is less precise because it assesses the value of the job overall instead of the tasks or components within the job?

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What do skill-based pay plans encourage employees to do?

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Which term refers to the process of determining the relative worth of jobs in order to determine pay rates?

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Which type of compensation is intended to improve the quality of work lives and personal lives of employees?

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What condition must exist for an incentive plan to work well?

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Which of the following is a benefit defined in provincial employment standards legislation?

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What factors are used as the basis for creating a point system for job evaluation?

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The legal requirement of minimum hourly wage means that an employer cannot pay any worker less than the per-hour rate.

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Which pay system would an organization likely use to establish greater workforce flexibility?

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The job classification system is a quantitative job evaluation procedure that determines a job's relative value by calculating the total points assigned to it.

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Companies that make the rewards strategy a part of the overall organizational framework perform better than those that don't use the same strategy.

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All provinces and territories use a combination of general tax revenue, federal cost sharing, and payroll taxes to fund the provincial hospital and medical plans.

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