Question 1

Define broadbanding.

Accepted Answer

The practice of using fewer pay grades w

Question 2

Average tenure = _____.

Accepted Answer

A)  average years of service for all employees divided by the number of full-time equivalents 
B)  number of full-time equivalents divided by the average years of service for all employees 
C)  number of full-time equivalents divided by the total years of service for all employees 
D)  sum of total years of service for all employees divided by the number of Full Time Equivalents 
A)  average years of service for all employees divided by the number of full-time equivalents 
B)  number of full-time equivalents divided by the average years of service for all employees 
C)  number of full-time equivalents divided by the total years of service for all employees 
D)  sum of total years of service for all employees divided by the number of Full Time Equivalents

Question 3

Discuss individual pay.

Accepted Answer

Once pay grades and pay ranges have been

Question 4

Number of Full Time Equivalents = _____.

Accepted Answer

A)  total annual hours paid for all employees divided by the total output of all full-time employees 
B)  total output of all full-time employees divided by the total annual hours paid for all employees 
C)  total annual hours paid for all employees divided by the number of hours a full-time employee is scheduled to work 
D)  number of hours a full-time employee is scheduled to work divided by the total annual hours paid for all employees 
A)  total annual hours paid for all employees divided by the total output of all full-time employees 
B)  total output of all full-time employees divided by the total annual hours paid for all employees 
C)  total annual hours paid for all employees divided by the number of hours a full-time employee is scheduled to work 
D)  number of hours a full-time employee is scheduled to work divided by the total annual hours paid for all employees

Question 5

Which of the following is typical of the performance philosophy of compensation?

Accepted Answer

A)  Pay and raises based on length of service 
B)  No raises for poor-performing employees 
C)  Across-the-board raises 
D)  Pay scales increased annually 
A)  Pay and raises based on length of service 
B)  No raises for poor-performing employees 
C)  Across-the-board raises 
D)  Pay scales increased annually

Question 6

The total rewards package includes all forms of compensation, the monetary and nonmonetary rewards provided by a company to attract, motivate, and retain employees.

Accepted Answer

A) True 
 B)False

Question 7

Describe the different methods of job evaluation.

Accepted Answer

Job evaluation looks at pay levels withi

Question 8

An individual whose pay is above the range for a job is referred to as a green-circled employee.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is true of an employer who uses the third-quartile strategy of compensation?

Accepted Answer

A)  The employer pays the employees above market levels. 
B)  The employers determine the pay irrespective of the market scenario. 
C)  The employer pays the employees below market levels. 
D)  The employer pays the employees on par with the market levels. 
A)  The employer pays the employees above market levels. 
B)  The employers determine the pay irrespective of the market scenario. 
C)  The employer pays the employees below market levels. 
D)  The employer pays the employees on par with the market levels.

Question 10

The practice of using fewer pay grades with much broader ranges than in traditional compensation systems is called broadbanding.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following is true of the ranking method of job evaluation?

Accepted Answer

A)  In this method, descriptions of each class of jobs are written and then each job is put into a grade according to the class it best matches. 
B)  It is a complex quantitative method that combines the classification and point factor methods. 
C)  It looks at compensable factors in a group of similar jobs and assigns weights, or points, to them. 
D)  It is a simple system that places jobs in order, from highest to lowest, by their value to the organization. 
A)  In this method, descriptions of each class of jobs are written and then each job is put into a grade according to the class it best matches. 
B)  It is a complex quantitative method that combines the classification and point factor methods. 
C)  It looks at compensable factors in a group of similar jobs and assigns weights, or points, to them. 
D)  It is a simple system that places jobs in order, from highest to lowest, by their value to the organization.

Define broadbanding.

Average tenure = _____.

Discuss individual pay.

Number of Full Time Equivalents = _____.

Which of the following is typical of the performance philosophy of compensation?

The total rewards package includes all forms of compensation, the monetary and nonmonetary rewards provided by a company to attract, motivate, and retain employees.

Describe the different methods of job evaluation.

An individual whose pay is above the range for a job is referred to as a green-circled employee.

Which of the following is true of an employer who uses the third-quartile strategy of compensation?

The practice of using fewer pay grades with much broader ranges than in traditional compensation systems is called broadbanding.

Which of the following is true of the ranking method of job evaluation?

HRS Role, Strategy, and Planning

Equal Employment Opportunity and Discrimination

Workforce, Jobs, and Retention

Staffing: Recruiting and Selection

Talent Management, Training, and Development

Performance Management and Appraisal

Variable Pay, Executive Compensation, and Benefits

Risk Management, Worker Protection, and Employee Relations

Unionmanagement Relations and Grievances

Filters

Exam 7: Total Rewards and Compensation

Define broadbanding.

Average tenure = _____.

Discuss individual pay.

Number of Full Time Equivalents = _____.

Which of the following is typical of the performance philosophy of compensation?

The total rewards package includes all forms of compensation, the monetary and nonmonetary rewards provided by a company to attract, motivate, and retain employees.

Describe the different methods of job evaluation.

An individual whose pay is above the range for a job is referred to as a green-circled employee.

Which of the following is true of an employer who uses the third-quartile strategy of compensation?

The practice of using fewer pay grades with much broader ranges than in traditional compensation systems is called broadbanding.

Which of the following is true of the ranking method of job evaluation?

HRS Role, Strategy, and Planning

Equal Employment Opportunity and Discrimination

Workforce, Jobs, and Retention

Staffing: Recruiting and Selection

Talent Management, Training, and Development

Performance Management and Appraisal

Variable Pay, Executive Compensation, and Benefits

Risk Management, Worker Protection, and Employee Relations

Unionmanagement Relations and Grievances

Filters