Exam 7: Recognizing and Rewarding Employees

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 of the following is a benefit,required by law,at All Season Fitness?

Which of the following is an external factor that can influence the wage mix?

How are employees classified when their compensation is calculated on the basis of weekly,or monthly periods?

Employment insurance benefits are paid based on the number of hours of employment in the past year and the regional unemployment rate.

Compensation for work performed in most organizations has traditionally been on an hourly basis.

What item identifies the salary component of a compensation system?

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.The owner of All Season Fitness would like to conduct a systematic procedure to determine the relative worth or value of jobs.What is this called?

All provinces and territories use a combination of general tax revenue,federal cost sharing and payroll taxes to fund the provincial hospital and medical plans.

When employees are paid according to the skills and knowledge they have rather than the specific jobs they perform,they are paid according to skill-based compensation.

Which type of compensation is intended to improve the quality of work lives and personal lives of employees?

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.What would be the third step All Season Fitness could take in evaluating its jobs?

What are the five most commonly used compensable factors in a factor comparison system?

Which item below is most significantly affected by "pay for time not worked"?

The wage curve represents the relationship between the relative worth of jobs and their wage rates.

How are wellness programs intended to benefit employees?

The relevant labour market for engineers would most likely be local.

The job classification system is a quantitative job evaluation procedure that determines a job's relative value by calculating the total points assigned to it.

When conducting a wage and salary survey,what is important for the employer to survey?

Organizations may choose to raise their selection standards and hire better-qualified employees,if rates of pay are high,thereby creating a large pool of applicants.

What is the measure of the average change in prices over time in a large "basket" of goods and services purchased by Canadians known as?