Exam 11: Compensation: Methods and Policies

Organizations with successful gainsharing plans have all the following characteristics in common except:

Explain the difference between a wage and a salary.

What does the standard-hour plan base wages on?

For a guaranteed annual wage plan to work,general employee-management relations must be good,and the demand for the product or service must be steady.

In order to implement successful variable pay systems,companies must be sure their plans are based on all of the following except:

How does spot gainsharing differ from gainsharing?

Under the Scanlon and Rucker gainsharing plans,payouts go to employees on a _______________ basis.

When are stock options taxed?

The most successful gainsharing or productivity sharing plan at a single company is the ___________.

With variable pay,a percentage of an employee's paycheck is put at risk if business goals aren't met.

Unions may insist on ignoring performance differentials for many reasons.They contend that performance measures are _______________.

Today,the individual incentive plan takes all of the following forms except.

___________ pay plans emphasize a shared focus on organizational success,broadens opportunities for incentives to nontraditional and operates outside the base pay increase system.

In a unionized firm where wages are established by collective bargaining,a particular job is usually assigned a single,flat rate.

The _______________ plan is a combination suggestion,group incentive,and employee participation scheme that has been adopted by many small and medium-sized manufacturing firms.

A(n)__________ is simply a variation of a stock bonus or stock bonus/money purchase plan that is designed to invest primarily in employer stock.

What is the Taylor Plan?

In the Scanlon plan,a steering committee evaluates _______________.

In time of layoff,the basic security for most employees is their _______________.

What is the most widely used plan for managing individual performance?