Exam 7: Recognizing and Rewarding Employees

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Which method of comparison is NOT used in job evaluation?

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Leave of absence with pay is often granted for a variety of reasons including illness in the family,pregnancy,birth or adoption of a child and educational activities.

(True/False)
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What type of compensation program compensates employees for the knowledge they possess?

(Multiple Choice)
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In addition to the benefits that are required by legislation,employers can choose to provide more benefits as part of the overall compensation package.Briefly describe five major voluntary employee benefits employers provide.

(Essay)
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What is known as a quantitative job evaluation procedure that determines a job's relative value on the basis of quantitative assessments of specific job elements?

(Multiple Choice)
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What is required of managers who wish to use the point system of job evaluation?

(Multiple Choice)
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Because of the many problems in the way the CPI is calculated,wage setters feel that it is not important.

(True/False)
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Employers refer to the area from which they obtain certain types of workers as the labour market.

(True/False)
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Scenario 7.1 All Season Fitness Ryan works for a small sports equipment and clothing retail store located in the southern interior of BC,All Season Fitness.He just learned that one of his coworkers,who works full time,started one year after he had started at the company is being paid 20% more than he is.He has worked for All Season Fitness for three years part-time while attending Okanagan College business program.Ryan's base pay is minimum wage.The owner of All Season Fitness compensation includes 90 % base pay and 10% individual commissions.The owner believes that rewards and recognition programs play a key role in retaining a good workforce particularly in the sports retail environment,where many of his employees make minimum wage.He provides his student employees flexible work hours and an annual school tuition scholarship of $1000. -Please refer to Scenario 7.1.Which method of determining the relative worth of jobs would be the most popular and most used method at All Season Fitness?

(Multiple Choice)
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From an administrative standpoint,it is preferable to group jobs into pay grades and pay all jobs according to the job's relative ranking within the pay grade.

(True/False)
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What do skill-based pay plans encourage employees to do?

(Multiple Choice)
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There are four major job evaluation systems used by employers.Name these systems,and briefly explain the major attributes of each system.

(Essay)
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In which type of incentive plan does an employer pay special sums based on the organization's net income over a specified period?

(Multiple Choice)
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The employer's ability to pay is an external factor influencing the wage mix.

(True/False)
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Group life insurance is one of the newest and most popular employee benefits.

(True/False)
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In the factor comparison system,the five compensable factors that key jobs are evaluated against are skill,mental effort,physical effort,responsibility,and working conditions.

(True/False)
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What will most likely result from determining wage increases solely on the basis of the CPI?

(Multiple Choice)
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Broad banding refers to collapsing many traditional salary grades into a few wide salary bands.

(True/False)
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The use of skill-based pay systems has been associated with decreased productivity and diminished staffing flexibility.

(True/False)
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Which of the following are NOT usually included in child-care assistance programs?

(Multiple Choice)
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