Question 1

Internal alignment refers to how differently levels of skills and work are paid across different organizations.

Accepted Answer

A) True 
 B)False

Question 2

Whole Foods' policy of holding executive salaries to no more than 14 times average pay of full-time employees is an example of which strategic pay decision?

Accepted Answer

A)  External competitiveness 
B)  Employee contributions 
C)  Management 
D)  Internal alignment 
A)  External competitiveness 
B)  Employee contributions 
C)  Management 
D)  Internal alignment

Question 3

When Microsoft replaced stock options with stock awards,they were asking employees to put more "skin in the game".

Accepted Answer

A) True 
 B)False

Question 4

Strategy refers to the fundamental direction that an organization chooses.

Accepted Answer

A) True 
 B)False

Question 5

A book listing the previous year's pay of all employees is part of Whole Foods "No-secrets" philosophy.This is an example of which strategic compensation choice?

Accepted Answer

A)  Internal alignment 
B)  External competitiveness 
C)  Employee contributions 
D)  Management 
A)  Internal alignment 
B)  External competitiveness 
C)  Employee contributions 
D)  Management

Question 6

Decisions regarding what forms compensation should be are part of _____.

Accepted Answer

A)  internal alignment 
B)  external competitiveness 
C)  employee contributions 
D)  management 
A)  internal alignment 
B)  external competitiveness 
C)  employee contributions 
D)  management

Question 7

Since unions represent such a small fraction of the labor force,their influence on pay decisions is relatively minor.

Accepted Answer

A) True 
 B)False

Question 8

When an organization uses pay for performance and performance is improving,this is a virtuous circle.

Accepted Answer

A) True 
 B)False

Question 9

What are the aspects of the alignment of pay strategies?

Accepted Answer

Alignment of the pay strategy includes t

Question 10

Pay systems should fit well with other HR systems.

Accepted Answer

A) True 
 B)False

Question 11

A major challenge in the design of future pay systems is how to better satisfy individual needs and preferences.

Accepted Answer

A) True 
 B)False

Question 12

A compensation system focusing on system control and work specifications is most closely associated with _____ strategy.

Accepted Answer

A)  global 
B)  customer-focused 
C)  cost-cutter 
D)  differentiated 
A)  global 
B)  customer-focused 
C)  cost-cutter 
D)  differentiated

Question 13

Research investigating high-performance workplaces found that performance-based pay _____ when combined with other high performance practices.

Accepted Answer

A)  improves attitudes and behaviors 
B)  shows large productivity improvements 
C)  reduces labor costs 
D)  has little effect on quality 
A)  improves attitudes and behaviors 
B)  shows large productivity improvements 
C)  reduces labor costs 
D)  has little effect on quality

Question 14

What are the different levels of strategy and the strategic choices in each level?

Accepted Answer

There are three levels of strategy, (i)t

Question 15

Which of the following statements regarding allowing employees choice in their pay mix is not true?

Accepted Answer

A)  A wide-range of choices is difficult to manage 
B)  It provides an employer a clear competitive advantage 
C)  Unlimited choice is difficult to design 
D)  Too many choices can confuse people 
A)  A wide-range of choices is difficult to manage 
B)  It provides an employer a clear competitive advantage 
C)  Unlimited choice is difficult to design 
D)  Too many choices can confuse people

Question 16

Which of the following is the easiest test to pass?

Accepted Answer

A)  Alignment 
B)  Differentiation 
C)  Integration 
D)  Adding value 
A)  Alignment 
B)  Differentiation 
C)  Integration 
D)  Adding value

Question 17

List the different factors in mapping a total compensation strategy.

Accepted Answer

Factors in mapping a total com

Question 18

Among unconventional benefits,U.S.workers in the Hudson's survey rated _____ as their most preferred.

Accepted Answer

A)  more supplemental insurance 
B)  more job training 
C)  a more flexible work schedule 
D)  more personal days and family leave 
A)  more supplemental insurance 
B)  more job training 
C)  a more flexible work schedule 
D)  more personal days and family leave

Question 19

Benchmarking and copying best practices does not lead to competitive advantage.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following relationships within a pay system is accurate?

Accepted Answer

A)  Compensation objectives shape pay policies. 
B)  Pay policies determine the objectives of the pay system. 
C)  Organization strategies determine employee pay needs. 
D)  Pay policies form the compensation strategy of the organization. 
A)  Compensation objectives shape pay policies. 
B)  Pay policies determine the objectives of the pay system. 
C)  Organization strategies determine employee pay needs. 
D)  Pay policies form the compensation strategy of the organization.

Internal alignment refers to how differently levels of skills and work are paid across different organizations.

Whole Foods' policy of holding executive salaries to no more than 14 times average pay of full-time employees is an example of which strategic pay decision?

When Microsoft replaced stock options with stock awards,they were asking employees to put more "skin in the game".

Strategy refers to the fundamental direction that an organization chooses.

A book listing the previous year's pay of all employees is part of Whole Foods "No-secrets" philosophy.This is an example of which strategic compensation choice?

Decisions regarding what forms compensation should be are part of _____.

Since unions represent such a small fraction of the labor force,their influence on pay decisions is relatively minor.

When an organization uses pay for performance and performance is improving,this is a virtuous circle.

What are the aspects of the alignment of pay strategies?

Pay systems should fit well with other HR systems.

A major challenge in the design of future pay systems is how to better satisfy individual needs and preferences.

A compensation system focusing on system control and work specifications is most closely associated with _____ strategy.

Research investigating high-performance workplaces found that performance-based pay _____ when combined with other high performance practices.

What are the different levels of strategy and the strategic choices in each level?

Which of the following statements regarding allowing employees choice in their pay mix is not true?

Which of the following is the easiest test to pass?

List the different factors in mapping a total compensation strategy.

Among unconventional benefits,U.S.workers in the Hudson's survey rated _____ as their most preferred.

Benchmarking and copying best practices does not lead to competitive advantage.

Which of the following relationships within a pay system is accurate?

The Pay Model

Defining Internal Alignment

Job Analysis

Job-Based Structures and Job Evaluation

Person-Based Structures

Defining Competitiveness

Designing Pay Levels, mix, and Pay Structures

Pay-For-Performance: the Evidence

Pay-For-Performance Plans

Performance Appraisals

The Benefit Determination Process

Benefit Options

Compensation of Special Groups

Union Role in Wage and Salary Administration

International Pay Systems

Government and Legal Issues in Compensation

Management: Making It Work

Filters

Exam 2: Strategy: The Totality of Decisions

Internal alignment refers to how differently levels of skills and work are paid across different organizations.

Whole Foods' policy of holding executive salaries to no more than 14 times average pay of full-time employees is an example of which strategic pay decision?

When Microsoft replaced stock options with stock awards,they were asking employees to put more "skin in the game".

Strategy refers to the fundamental direction that an organization chooses.

A book listing the previous year's pay of all employees is part of Whole Foods "No-secrets" philosophy.This is an example of which strategic compensation choice?

Decisions regarding what forms compensation should be are part of _____.

Since unions represent such a small fraction of the labor force,their influence on pay decisions is relatively minor.

When an organization uses pay for performance and performance is improving,this is a virtuous circle.

What are the aspects of the alignment of pay strategies?

Pay systems should fit well with other HR systems.

A major challenge in the design of future pay systems is how to better satisfy individual needs and preferences.

A compensation system focusing on system control and work specifications is most closely associated with _____ strategy.

Research investigating high-performance workplaces found that performance-based pay _____ when combined with other high performance practices.

What are the different levels of strategy and the strategic choices in each level?

Which of the following statements regarding allowing employees choice in their pay mix is not true?

Which of the following is the easiest test to pass?

List the different factors in mapping a total compensation strategy.

Among unconventional benefits,U.S.workers in the Hudson's survey rated _____ as their most preferred.

Benchmarking and copying best practices does not lead to competitive advantage.

Which of the following relationships within a pay system is accurate?

The Pay Model

Defining Internal Alignment

Job Analysis

Job-Based Structures and Job Evaluation

Person-Based Structures

Defining Competitiveness

Designing Pay Levels, mix, and Pay Structures

Pay-For-Performance: the Evidence

Pay-For-Performance Plans

Performance Appraisals

The Benefit Determination Process

Benefit Options

Compensation of Special Groups

Union Role in Wage and Salary Administration

International Pay Systems

Government and Legal Issues in Compensation

Management: Making It Work

Filters