Exam 12: Establishing a Pay Structure

Hamish Life,an insurance company,defines the difference in pay between an entry-level recruiter and an entry-level assembler,as well as the difference between an entry-level recruiter,the HR manager,and the organization's Vice President.Which of the following is being exemplified in this scenario?

Which of the following U.S.organizations conducts an ongoing National Compensation Survey measuring wages,salaries,and benefits paid to the nation's employees?

Which of the following is the result of combining more assignments into a single layer,thus giving managers more flexibility in making assignments and awarding pay increases?

Which of the following is a federal law that establishes a minimum wage and requirements for overtime pay and child labor?

Under the FLSA,exempt status of employees depends on their:

Which of the following statements is true about pay ranges?

Which of the following is a drawback of pay rates?

Teno Industries Inc.is a manufacturing company based in Texas.Teno Industries implemented the comparable-worth policy to establish equal pay for all employees.However,the organization incurred losses of about $20 million.In this scenario,which of the following is most likely the reason for the failure of the comparable-worth policy?

Pentrall,a healthcare company,provides a lower training rate to its employees belonging to the age group of 18 to 20 years.The rate is applicable for a period of 90 days.In this case,which of the following laws will justify the organization's decision to pay the lower pay?

A pay policy line:

The upper limit that product markets place on the pay offered by an organization is significant when the organization's total costs are mainly comprised of labor costs and when price is a significant factor for the organization's consumers.

Which of the following is an advantage of a two-tier wage system?

According to the FLSA,which of the following individuals is most likely a nonexempt employee?

Which of the following statements is true about skill-based pay?

Military pay often exceeds what service members would earn in their civilian jobs.

Kazuri Inc.,a manufacturing company,bases employees' pay entirely on market forces.In this case,which of the following is a practical drawback faced by the company?

The most common approach to pay differentials is to move an employee lower in the pay structure to compensate for increasing costs.

Small Leaf Resort and Cresgrove Resort are established hotels in the hospitality industry.However,Small Leaf Resort has a larger net profit than that of Cresgrove Resort.In order to remain financially viable in the hospitality market,Cresgrove Resort decides to charge more for their rooms and other services.In this scenario,which of the following best explains the reason behind Cresgrove Resort incurring losses?

Los Amigo Inc.,a clothing manufacturer,believes that employees must be paid above the average market rate.The company aims to provide good customer service and to increase its sales.In this case,which of the following is most likely the reaction of employees working at Los Amigo?

Key jobs are uncommon and have unstable content,making them very difficult to evaluate using pay surveys.