Exam 18: Management: Making It Work

Many employers achieve flexibility and control employment costs by utilizing contingent workers rather than expanding and contracting the core workforce.

The percentage increase in average pay that is expected for an organizational unit or company is called _____.

Which of the following is NOT a likely consequence of a highly decentralized pay system?

In the past two decades, the average variable pay budget has increased.

Changes in wages in labor markets are measured _____.

The CPI accurately reflects an individual employee's cost of living.

A compa-ratio is the average actual pay divided by the midpoint of the pay grade.

A major advantage of a reduction in force is that it reduces benefits costs.

Over half of the employees in the private sector work in companies with open pay policies.

A compa-ratio greater than 1 means that, on average, the rates exceed the intended policy.

The _____ often comes into play if organizations target reductions among higher paid employees because higher paid employees also tend to be older employees.

The most important components of a pay communication program are the business-related and work-related rationales on which the pay systems are based.

What is the turnover effect? Explain how it is calculated with an example.

The denominator for calculating the current year's pay rise is _____.

Which of the following is a measure of changes in prices of goods and services in the product and service markets over time?