Exam 11: Total Rewards and Compensation

A pay adjustment matrix considers two factors-the employee's level of performance as rated in an appraisal and the employee's position in the pay range, which is often related to experience and tenure.

Most federal and state entities rely on the criteria for independent contractor status identified by the _____.

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

Which of the following is true of red-circled employees?

A pay survey is a report based on research of compensation rates for workers performing similar jobs in other organizations.

The overall objective of the host-country-based approach is to maintain the expatriate's standard of living in the country where the company is headquartered.

Which of the following statements is true of the host-country-based approach?

The two factors that the pay adjustment matrix considers are _____.

What is a lump-sum increase?

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

The expectancy theory says that an employee's motivation is based on several linked concepts.

The Equal Pay Act of 1963 prohibits companies from using different wage scales for men and women performing substantially the same jobs.

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

Which of the following is a tangible indirect reward?

Distributive justice is the perceived fairness of the process and procedures used to make decisions about employees, including their pay.

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

Which of the following is true of the point factor method of job evaluation?

Intangible rewards can be measured and it is possible to calculate the value of each reward.

Average tenure = _____.

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