Question 1

Cash rewards that are tied to some aspect of performance and paid in lump sums rather than as raises are known as merit pay.

Accepted Answer

A) True 
 B)False

Question 2

Dakota stopped by the alteration shop yesterday. In the shop was posted a sign that said, "Buttons put on for $3, zippers repaired for $8, dresses hemmed for $10, pants hemmed for $8.50, all other prices based on job." From this information, you should be able to tell that the alteration shop uses a:

Accepted Answer

A)  differential piece rate plan 
B)  standard hour plan 
C)  merit pay plan 
D)  base rate plus standard output plan 
E)  straight piecework plan 
A)  differential piece rate plan 
B)  standard hour plan 
C)  merit pay plan 
D)  base rate plus standard output plan 
E)  straight piecework plan

Question 3

When compared to merit pay, incentives tied to unit or companywide performance

Accepted Answer

A)  can be more subjectively based 
B)  is a permanent increase in pay 
C)  is not as useful in tying rewards to outcomes as merit pay 
D)  can create an ownership mentality in employees 
E)  is accurately described by all of the above 
A)  can be more subjectively based 
B)  is a permanent increase in pay 
C)  is not as useful in tying rewards to outcomes as merit pay 
D)  can create an ownership mentality in employees 
E)  is accurately described by all of the above

Question 4

To gain employee support for the implementation of a performance-base pay plan, the implementing organization can:

Accepted Answer

A)  make sure the plan is understood, and bonuses are easy to calculate 
B)  provide methods for employees to lodge an appeal if they feel they were treated unfairly 
C)  let the employees have a hand in establishing and administering the plan 
D)  gain the employees' trust and make them believe they have job security 
E)  do all of the above 
A)  make sure the plan is understood, and bonuses are easy to calculate 
B)  provide methods for employees to lodge an appeal if they feel they were treated unfairly 
C)  let the employees have a hand in establishing and administering the plan 
D)  gain the employees' trust and make them believe they have job security 
E)  do all of the above

Cash rewards that are tied to some aspect of performance and paid in lump sums rather than as raises are known as merit pay.

When compared to merit pay, incentives tied to unit or companywide performance

To gain employee support for the implementation of a performance-base pay plan, the implementing organization can:

Managing Human Resources

Understanding the External and Organizational Environments

Ensuring Fair Treatment and Legal Compliance

HR Planning for Alignment and Change

Using Job Analysis and Competency Modeling

Recruiting and Retaining Qualified Employees

Selecting Employees to Fit the Job and the Organization

Training and Developing a Competitive Workforce

Conducting Performance Management

Developing an Approach to Total Compensation

Providing Benefits and Services

Promoting Safety, Health, and Well-Being in the Workplace

Understanding Unionization and Collective Bargaining

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Exam 11: Using Performance-Based Pay to Achieve Strategic Objectives

Cash rewards that are tied to some aspect of performance and paid in lump sums rather than as raises are known as merit pay.

When compared to merit pay, incentives tied to unit or companywide performance

To gain employee support for the implementation of a performance-base pay plan, the implementing organization can:

Managing Human Resources

Understanding the External and Organizational Environments

Ensuring Fair Treatment and Legal Compliance

HR Planning for Alignment and Change

Using Job Analysis and Competency Modeling

Recruiting and Retaining Qualified Employees

Selecting Employees to Fit the Job and the Organization

Training and Developing a Competitive Workforce

Conducting Performance Management

Developing an Approach to Total Compensation

Providing Benefits and Services

Promoting Safety, Health, and Well-Being in the Workplace

Understanding Unionization and Collective Bargaining

Filters