Exam 10: Compensation Strategies and Practices

Would you recommend that an employer require that all salary information be kept confidential? Why or why not? What would be the impact of a secret pay system?

Which of the following predictions about the use of pay surveys is most likely to be realized in the next five years?

An organization can benefit from a properly designed and implemented competency-based pay system. Which is the main benefit of the system?

Feminists are strong promoters of traditional job evaluation methods because they reflect rates of pay in the "market economy," thus ensuring pay equity for women.

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 huge warehouse. This warehouse is one of the largest refrigerated warehouses in the country. Which possible factor is George LEAST likely to include on his list?

Which of the following approaches is recommended for bringing a red-circled employee's pay into line?

Found in many organizations, these jobs are performed by individuals who have similar, relatively stable duties and similar knowledge, skills, and abilities. Which kinds of jobs are these?

Tom has just taken his first full-time job with a salary of $28 000. He knows he should plan his personal finances, such as rent and car payments, around this amount. Which of the following does this amount represent?