Exam 3: Defining Internal Alignment

Both external and organizational factors shape internal pay structures.

The institutional model _____.

The content of a job refers to the relative contribution of skills,tasks and responsibilities to the organization's goals.

Organizations are more likely to be successful when their pay structures are in internal alignment.

The parable of the vineyard owner and compensation paid to the laborers illustrated:

A well-designed pay structure is the major factor affecting an organization's external competitiveness.

Supply and demand for labor,but not supply and demand for products and services affect internal structures.

A pay structure based upon the relative contribution of skills,tasks and responsibilities to the organization's goals is called the _____ approach.

Explain tailored and loosely coupled structures.

Write a short note on institutional model.

Organization factors that shape internal pay structures include all but _____.

Which of the following is not true?

Egalitarian pay structures send the message that the organization values differences in work content,individual skills and contributions to the organization.

An organization's pay structure is affected more by the pay levels and benefits offered by competitors than its human capital.

Marginal productivity theory argues that employers pay _______.

Describe the importance of an internal structure.

Egalitarian pay structures have all but which of the following characteristics?

Which theory predicts individual performance will be maximized when the pay differentials between job levels is large?

When cooperation is important for successful organization performance,the best form of pay is _____.

CEOs of organizations with egalitarian pay structures usually have higher salaries than CEOs in hierarchical pay structures.