Exam 9: Managing Compensation

The jobs that are included in wage and salary surveys are referred to as "key jobs."

To provide compensation estimates and ranges for jobs in an organization, all jobs should be surveyed.

Using job evaluation and wage survey data jointly improves the likelihood of both internal and external equity.

Equal pay for work of equal value involves providing equal pay to women when they perform work historically performed by men.

Jambrone Foods and CUPE Local 5000 have a collective agreement in place that allows for wages to be paid at more than the minimum wage set by the Employment Standards Act. Which of the following describes this agreement?

According to your text, which of the following job evaluation methods is considered the most valid?

To help achieve internal equity, factors such as skills, effort, responsibilities, and working conditions may be used to assess jobs. Which of the following terms refers to these factors?

Using the point manual, how is the relative worth of a job determined?

The term pay-for-performance can encompass all of the following EXCEPT which one?

Broadbands create more concern by employees with pay grades and steps.

What do companies normally use to collect wage survey data?

Wage survey data can be obtained from government sources, trade associations, or professional groups, or organizations can conduct their own surveys.

The use of job evaluation is widespread in the private sector but is rarely used in the public sector.

Which of the following is an internal factor that can influence the rates at which employees are paid?

Which of the following is NOT an idea that organizations may incorporate in an attempt to minimize the problem of wage-rate compression?

What should employers do if they wish to encourage employees to accept a promotion to a job in a higher grade?

How are the wages for jobs determined? Why is this process important?

The job classification system is commonly used by smaller employers.

Managers will group similar jobs into a pay grade in order to help with the setting of wages for all jobs.

The consumer price index tracks the change in price over time of a "market basket" of goods and services.