Question 1

Which of the following is typically the first step in the compensation administration process?

Accepted Answer

A)  Job analysis 
B)  Job evaluation 
C)  Compensation philosophy 
D)  External focus 
A)  Job analysis 
B)  Job evaluation 
C)  Compensation philosophy 
D)  External focus

Question 2

Describe the different methods of job evaluation.

Accepted Answer

Job evaluation is a formal, systematic p

Question 3

Describe market competitive compensation.

Accepted Answer

Whether an organization's total reward p

Question 4

In knowledge-based pay (KBP) or skill-based pay (SBP) systems, employees start at a base level of pay and receive increases as they learn to do other jobs or gain additional skills and knowledge and thus become more valuable to the employer.

Accepted Answer

A) True 
 B)False

Question 5

The child labor provisions of the FLSA set the minimum age for hazardous occupations at _____ years.

Accepted Answer

A)  14 
B)  16 
C)  18 
D)  20 
A)  14 
B)  16 
C)  18 
D)  20

Question 6

Productivity = _____.

Accepted Answer

A)  total revenue divided by number of Full Time Equivalents 
B)  total revenue divided by total output produced 
C)  total output produced divided by number of Full Time Equivalents 
D)  total output produced divided by total revenue 
A)  total revenue divided by number of Full Time Equivalents 
B)  total revenue divided by total output produced 
C)  total output produced divided by number of Full Time Equivalents 
D)  total output produced divided by total revenue

Question 7

If an organization has implemented competitive pay practices and has a fair and reasonable pay structure, employee concerns about inequity can be reduced by sharing this information.

Accepted Answer

A) True 
 B)False

Question 8

Market banding groups jobs into pay grades based on similar market survey amounts.

Accepted Answer

A) True 
 B)False

Question 9

_____ are used to group individual jobs having approximately the same job worth.

Accepted Answer

A)  Pay scales 
B)  Pay grades 
C)  Pay compressions 
D)  Pay expansions 
A)  Pay scales 
B)  Pay grades 
C)  Pay compressions 
D)  Pay expansions

Question 10

The _____ uses external pay data to identify the relative value of jobs based on what other employers pay for similar jobs.

Accepted Answer

A)  factor-comparison method 
B)  ranking method 
C)  point factor method 
D)  market pricing method 
A)  factor-comparison method 
B)  ranking method 
C)  point factor method 
D)  market pricing method

Question 11

Which of the following is a tangible direct reward?

Accepted Answer

A)  Base pay 
B)  Health care benefits 
C)  Paid time off 
D)  Challenging work 
A)  Base pay 
B)  Health care benefits 
C)  Paid time off 
D)  Challenging work

Question 12

The home-country-based approach compensates the expatriate at the same level as workers from the country where the expatriate has been sent from the headquarter.

Accepted Answer

A) True 
 B)False

Question 13

Integrating performance appraisal ratings with pay changes can be done through the development of a merit-based performance matrix.

Accepted Answer

A) True 
 B)False

Question 14

The ranking method is a simple system of job evaluation that places jobs in order, from highest to lowest, by their value to the organization.

Accepted Answer

A) True 
 B)False

Question 15

The _____ restricts the right of employers to terminate employees whose pay is subject to a single garnishment order.

Accepted Answer

A)  Davis-Bacon Act 
B)  Walsh-Healy Public Contracts Act 
C)  McNamara-O'Hara Service Contract Act 
D)  Consumer Credit Protection Act 
A)  Davis-Bacon Act 
B)  Walsh-Healy Public Contracts Act 
C)  McNamara-O'Hara Service Contract Act 
D)  Consumer Credit Protection Act

Question 16

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 17

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

Accepted Answer

A)  The employer pays the employees above market levels. 
B)  The employers determine the pay independent 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 independent 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 18

Define offshoring.

Accepted Answer

Offshoring is the pr

Question 19

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.

Question 20

The FLSA established overtime pay requirements at _____ times the regular pay rate for all hours worked over 40 in a week.

Accepted Answer

A)  two 
B)  two and one-half 
C)  one and one-half 
D)  three 
A)  two 
B)  two and one-half 
C)  one and one-half 
D)  three

Which of the following is typically the first step in the compensation administration process?

Describe the different methods of job evaluation.

Describe market competitive compensation.

In knowledge-based pay (KBP) or skill-based pay (SBP) systems, employees start at a base level of pay and receive increases as they learn to do other jobs or gain additional skills and knowledge and thus become more valuable to the employer.

The child labor provisions of the FLSA set the minimum age for hazardous occupations at _____ years.

Productivity = _____.

If an organization has implemented competitive pay practices and has a fair and reasonable pay structure, employee concerns about inequity can be reduced by sharing this information.

Market banding groups jobs into pay grades based on similar market survey amounts.

_____ are used to group individual jobs having approximately the same job worth.

The _____ uses external pay data to identify the relative value of jobs based on what other employers pay for similar jobs.

Which of the following is a tangible direct reward?

The home-country-based approach compensates the expatriate at the same level as workers from the country where the expatriate has been sent from the headquarter.

Integrating performance appraisal ratings with pay changes can be done through the development of a merit-based performance matrix.

The ranking method is a simple system of job evaluation that places jobs in order, from highest to lowest, by their value to the organization.

The _____ restricts the right of employers to terminate employees whose pay is subject to a single garnishment order.

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 an employer who uses the second-quartile strategy of compensation?

Define offshoring.

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

The FLSA established overtime pay requirements at _____ times the regular pay rate for all hours worked over 40 in a week.

Human Resource Management in Organizations

Human Resources Strategy and Planning

Equal Employment Opportunity

Workforce, Jobs, and Job Analysis

Individualorganization Relations and Retention

Recruiting and Labor Markets

Selecting Human Resources

Training Human Resources

Talent, Careers, and Development

Performance Management and Appraisal

Variable Pay and Executive Compensation

Managing Employee Benefits

Risk Management and Worker Protection

Employee Rights and Responsibilities

Unionmanagement Relations

Filters

Exam 11: Total Rewards and Compensation

Which of the following is typically the first step in the compensation administration process?

Describe the different methods of job evaluation.

Describe market competitive compensation.

In knowledge-based pay (KBP) or skill-based pay (SBP) systems, employees start at a base level of pay and receive increases as they learn to do other jobs or gain additional skills and knowledge and thus become more valuable to the employer.

The child labor provisions of the FLSA set the minimum age for hazardous occupations at _____ years.

Productivity = _____.

If an organization has implemented competitive pay practices and has a fair and reasonable pay structure, employee concerns about inequity can be reduced by sharing this information.

Market banding groups jobs into pay grades based on similar market survey amounts.

_____ are used to group individual jobs having approximately the same job worth.

The _____ uses external pay data to identify the relative value of jobs based on what other employers pay for similar jobs.

Which of the following is a tangible direct reward?

The home-country-based approach compensates the expatriate at the same level as workers from the country where the expatriate has been sent from the headquarter.

Integrating performance appraisal ratings with pay changes can be done through the development of a merit-based performance matrix.

The ranking method is a simple system of job evaluation that places jobs in order, from highest to lowest, by their value to the organization.

The _____ restricts the right of employers to terminate employees whose pay is subject to a single garnishment order.

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 an employer who uses the second-quartile strategy of compensation?

Define offshoring.

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

The FLSA established overtime pay requirements at _____ times the regular pay rate for all hours worked over 40 in a week.

Human Resource Management in Organizations

Human Resources Strategy and Planning

Equal Employment Opportunity

Workforce, Jobs, and Job Analysis

Individualorganization Relations and Retention

Recruiting and Labor Markets

Selecting Human Resources

Training Human Resources

Talent, Careers, and Development

Performance Management and Appraisal

Variable Pay and Executive Compensation

Managing Employee Benefits

Risk Management and Worker Protection

Employee Rights and Responsibilities

Unionmanagement Relations

Filters