Exam 7: Total Rewards and Compensation

George, a compensation specialist, for a large frozen foods company, has been asked to identify compensable factors specific to the job of forklift operator in the company's extensive warehouse. This warehouse is one of the largest refrigerated warehouses in the country. George would probably include all the following in his list EXCEPT _______________.

The Fair Labor Standards Act sets the minimum age for employment with unlimited hours at age 18.

Which of the following are not paid overtime under the Fair Labor Standards Act?

At Artistic Floral Creations, the non-managerial employees all receive the same pay increase every year. Usually this increase is about 5%, but some years it has been as high as 10% depending on changes in the cost-of-living. Artistic Floral Creations has a/an _______________ philosophy of compensation.

Terri works at Timmy's Toy Factory on the assembly line. She has been designated as "Assistant Manager." The majority of her time is spent demonstrating how to assemble the toys to the new employees on the line. In addition, she spends about 5% of her time processing paperwork for the Manager of the line. Terri often works more than 40 hours a week to keep up with all her duties, but because she is an assistant manager, she is not paid overtime. Which of the following statements is true?

A total rewards approach is more closely tied to an entitlement philosophy than a performance philosophy.

Abundance Nurseries needs large numbers of unskilled employees every spring and summer to plant, maintain, and harvest the flower fields. Abundance is located in an area where there is a large supply of unskilled workers, and it has few problems recruiting workers as needed. It would be reasonable for Abundance Nurseries to use the _______________ -quartile approach to compensation strategy.

Larry has decided to go back to his hometown of Mellonburg, Missouri, and set up an architectural design business. Mellonburg is a depressed farming community of 351 residents. It is 20 miles from the nearest movie theater and 70 miles from the nearest Starbucks coffee shop. In order to attract highly-skilled architects, Larry will probably have to pay in the _______________ quartile.

The five categories of exempt jobs, as defined by the FLSA, are _______________.

A prevailing wage is required for _______________ and is associated with the rate of pay paid by _______________.

Total rewards are provided to employees in order to _______________.

Amber is the manager of a popular clothing store. She regularly works over 40 hours a week; however, when new styles are coming in that require new displays, she may put in as many as 60 hours a week. Amber's paycheck is the same regardless of the number of hours she has worked. Amber is paid _______________.

A pay adjustment matrix considers such factors as employee performance and which job family the employee's position is classified.

_____________is the perceived fairness in the distribution of outcomes.

Jason is paid higher than the range of pay offered for his job as a computer programmer, while Susan is paid lower than the range of pay for the same job. Jason would be called a _______________ while Susan is a _______________.

What is the major federal law affecting compensation?

One argument for the high levels of compensation paid to executives is that sports and entertainment stars earn as much or more, for playing games and acting.

A primary design objective of executive compensation plans is to minimize the tax consequences for the executive.

Job evaluation provides a systematic basis for determining the relative worth of jobs within an organization.

Seniority is simply time spent in a particular industry or profession.