Exam 2: Strategy: The Totality of Decisions

In the proper sequence of strategic decisions,HR strategies are made before business unit strategies.

Offering employees choice in their compensation mix provides firms a distinct competitive advantage.

The social,competitive and regulatory environment factors are most important for which type of strategy?

What level of strategy is the question "how do we gain competitive advantage"?

The issue of how much and what forms of pay are our competitors using is part of which objective of total compensation strategy?

Which of the following is the correct order of the steps in formulating a total compensation strategy?

_____ is a "best practice".

Trying to measure an ROI for any compensation strategy implies that

International compensation comparisons are challenging because retirement and health care programs,paid holidays and length of work week varies across countries.

A compensation strategy map shows which strategy is best for an organization.

Flexible-generic job descriptions would most likely be used with a _____ strategy.

What are the different steps in formulating a total compensation strategy? List them in their order of occurrence.

Write short notes on Virtuous and Vicious Circles.

Useful compensation comparisons across countries may be done by focusing on hourly wages and productivity.

Labor market-based compensation practices in countries such as China,Germany and France,are likely to be less effective than in countries such as the U.S. ,Korea or Singapore.

The major challenge in the design of future pay systems is reducing the pay gap between top executives and low-level employees.

A focus on competitor's costs is most closely associated with a _____ strategy.

In a high-performance system,pay strategy plays a lead,as opposed to support role.

"Choosing techniques to fit strategy" is a part of which step in developing a total compensation system?

Work/life balance issues are part of competitiveness decisions in the pay model.