Exam 18: Management: Making It Work

Changes in the CPI indicate whether prices have increased more or less rapidly in an area since the base period.

Less than 10 percent of compensation professionals strongly agree that employees know their own pay range and the one above them.

If a pay system is not based upon work-related or business-related logic,it is probably best to not conduct a formal compensation communication program.

The _____ often comes into play if organizations target reductions among higher paid employees because higher paid employees also tend to be older employees.

All of the following are adverse effects of layoffs EXCEPT _____.

The average company match for 401(k)retirement plan is _____ cents on the dollar up to 6 percent of pay.

If financially troubled employers have NOT been able to maintain competitive market positions,the conventional response has been to _____.

A major advantage of a reduction in force is that it reduces benefits costs.

What is the top-down method of budgeting?

_____,a software package,allows workers to make health-care choices,allocate savings to 401(k)s or other savings vehicles,and access vacation schedules.

HoldDesk Inc.has an annual labor cost of $3,000,000.It has a turnover rate of 10 percent and a planned average increase of 5 percent.The turnover effect is _____.

A major advantage of a _____ is that it reduces benefits costs,something that the other cost-cutting options ordinarily do not achieve.

Which of the following is a measure of changes in prices of goods and services in the product and service markets over time?

When employees are paid more than the maximum of their pay grade,these rates are called _____ rates.

The most important components of a pay communication program are the business-related and work-related rationales on which the pay systems are based.

In the past two decades,the average variable pay budget has increased.

The _____ recognizes the fact that when people leave an organization,they typically are replaced by employees who earn a lower wage.

Which of the following is NOT a likely consequence of a highly decentralized pay system?

If Philadelphia has a CPI of 165 and Houston has a CPI of 145,and if both cities started with bases of 100,it means that _____.

_____,designed for employees or managers,explain compensation policies and practices,answer frequently asked questions,and explain how these systems affect their pay.