Exam 10: Developing an Approach to Total Compensation

An organizational pay policy that pays above the market rate is known as a _____ policy.

Jolene is at the midpoint of her pay grade.Her firm has a pay policy of matching the market.If Jolene decided to look for a similar job in another company,she would find that her pay:

The total points allocated to each job description resulting from the point rating method indicates:

The most widely used method of job evaluation is:

Employees who perceive their compensation to be lower than that earned by people in similar positions are most likely to:

Companies often adopt the competency-based approach for valuing work because it promotes growth through vertical moves in the organization.

___________________________________ includes direct payments such as salary,wages,and bonuses,and indirect payments such as payments to cover benefits and services.

Susan (Ph.D. ),Peggy (MA)and Steve (BA)are all first grade teachers in a large urban school.Each of them teaches the same number of children in a typical classroom setting (not gifted or special needs children).Each of them have 10 years of classroom experience.All have received excellent performance evaluations in the past.Each is an organizational good citizen,helping wherever they are needed.Susan is paid $10,000 a year more than Peggy,who is paid $5,000 a year more than Steve.What type of pay system does the school probably use?

Pete Miller is from Texas.He has been asked by his American-owned employer to manage a bank branch office in Hong Kong for three years.Miller will be paid:

In a job-based pay system,

How can an employer be sure that its employees are being paid at market level?

Why would a company pay less than the market rate?

After establishing a policy line for pay in the external market a company must decide on its own pay policy.Which of the following will affect the company's pay policy?

Total compensation can facilitate the organization's achievement of several strategic objectives.These include:

What is the most widely used method for job evaluations?

Employees who focus only on the base salary will perceive the pay to be unfairly low.

Molly works as a market researcher for a manufacturer of baby products.She develops surveys,conducts personal interviews,and tabulates data.Bob is a customer service representative.He spends his days handling customer complaints and writing up the problems and how he solved them.He earns $.50 more per hour than Molly does.On the basis of the _____,Molly believes that she should be paid the same amount as Bob.

The Equal Pay Act allows several exceptions to equal pay for equal work.Which of the following is not such an exception?

Under what circumstances does the Fair Labor Standards Act permit an employer to pay subminimum wages?

Factors that contribute to perceptions of pay unfairness are low pay,pay secrecy,and executive compensation practices include all EXCEPT:.