Question 1

Organizations should evaluate pay as:

Accepted Answer

A)  a cost. 
B)  more than a cost. 
C)  an investment that can generate returns in attracting,retaining,and motivating a high-quality workforce. 
D)  as optimal when the organization pays at or below the market rate. 
E)  both "more than a cost" and "an investment that can generate returns in attracting,retaining,and motivating a high-quality workforce." 
A)  a cost. 
B)  more than a cost. 
C)  an investment that can generate returns in attracting,retaining,and motivating a high-quality workforce. 
D)  as optimal when the organization pays at or below the market rate. 
E)  both "more than a cost" and "an investment that can generate returns in attracting,retaining,and motivating a high-quality workforce."

Question 2

Job evaluation provides the basis for decisions about the relative ________ of a job.

Accepted Answer

A)  external worth 
B)  internal worth 
C)  market worth 
D)  job analysis 
E)  benchmark 
A)  external worth 
B)  internal worth 
C)  market worth 
D)  job analysis 
E)  benchmark

Question 3

An employee who produces 12 components in an hour earns $18.00 ($1.50 x 12).This is an example of:

Accepted Answer

A)  piecework rate. 
B)  a commission plan. 
C)  gainsharing. 
D)  straight salary plan. 
E)  standard hour plan. 
A)  piecework rate. 
B)  a commission plan. 
C)  gainsharing. 
D)  straight salary plan. 
E)  standard hour plan.

Question 4

A comprehensive approach to selecting and training employees is known as total rewards.

Accepted Answer

A) True 
 B)False

Question 5

The procedure through which an organization compares its own practices to those of successful competitors is known as:

Accepted Answer

A)  gainsharing. 
B)  commercial intelligence. 
C)  benchmarking. 
D)  profiling. 
E)  None of the choices are correct. 
A)  gainsharing. 
B)  commercial intelligence. 
C)  benchmarking. 
D)  profiling. 
E)  None of the choices are correct.

Question 6

Managers play a significant role in communicating total rewards to employees.

Accepted Answer

A) True 
 B)False

Question 7

A value proposition considers the total value,current or prospective employees receive in exchange for contributing their time and energy to the company.

Accepted Answer

A) True 
 B)False

Question 8

A pay policy line demonstrates the relationship between indirect compensation and pay rates.

Accepted Answer

A) True 
 B)False

Question 9

A significant portion of executive compensation and rewards comes in the form of:

Accepted Answer

A)  tickets to cultural and sporting events. 
B)  gainsharing. 
C)  team rewards. 
D)  company stock. 
E)  Canada Pension Plan/Quebec Pension Plan. 
A)  tickets to cultural and sporting events. 
B)  gainsharing. 
C)  team rewards. 
D)  company stock. 
E)  Canada Pension Plan/Quebec Pension Plan.

Question 10

Pay structures are developed based on which of the following?

Accepted Answer

A)  Legal requirements. 
B)  Market forces. 
C)  Organization's goals. 
D)  Legal requirements,"market forces," and "organization's goals." 
E)  Market forces and "organization's goals" only. 
A)  Legal requirements. 
B)  Market forces. 
C)  Organization's goals. 
D)  Legal requirements,"market forces," and "organization's goals." 
E)  Market forces and "organization's goals" only.

Question 11

A pay range includes which of the following?

Accepted Answer

A)  Minimum. 
B)  Midpoint. 
C)  Maximum. 
D)  Minimum,"midpoint," and "maximum." 
E)  Minimum and "midpoint" only. 
A)  Minimum. 
B)  Midpoint. 
C)  Maximum. 
D)  Minimum,"midpoint," and "maximum." 
E)  Minimum and "midpoint" only.

Question 12

Employees have come to expect that benefits will help them maintain:

Accepted Answer

A)  financial freedom. 
B)  job satisfaction. 
C)  equity and equality. 
D)  economic security. 
E)  None of the choices are correct. 
A)  financial freedom. 
B)  job satisfaction. 
C)  equity and equality. 
D)  economic security. 
E)  None of the choices are correct.

Question 13

What types of benefits are legally required?

Accepted Answer

1.Canada Pension Plan (CPP)/Quebec Pensi

Question 14

Profit sharing involves awarding pay:

Accepted Answer

A)  that becomes part of employees' base pay,in a manner similar to merit pay. 
B)  in order to discourage employees from thinking like owners. 
C)  that is a percentage of the organization's profits. 
D)  based on individual performance. 
E)  All of the choices are correct. 
A)  that becomes part of employees' base pay,in a manner similar to merit pay. 
B)  in order to discourage employees from thinking like owners. 
C)  that is a percentage of the organization's profits. 
D)  based on individual performance. 
E)  All of the choices are correct.

Question 15

Incentive pay is also referred to as:

Accepted Answer

A)  piecework rate. 
B)  market rate. 
C)  variable pay. 
D)  pay for performance. 
E)  both "variable pay" and "pay for performance." 
A)  piecework rate. 
B)  market rate. 
C)  variable pay. 
D)  pay for performance. 
E)  both "variable pay" and "pay for performance."

Question 16

What type of issues may arise when executive compensation is linked to the company's stock performance?

Accepted Answer

A)  Financial 
B)  Customer service 
C)  Ethical 
D)  Social 
E)  Union 
A)  Financial 
B)  Customer service 
C)  Ethical 
D)  Social 
E)  Union

Question 17

Discuss and describe the economic influences on pay.

Accepted Answer

Decisions about how to respond to the ec

Question 18

A drawback of merit pay from the employer's perspective is,that it can quickly become expensive because it gets rolled into base pay.

Accepted Answer

A) True 
 B)False

Question 19

Performance bonuses,like merit pay becomes part of base pay.

Accepted Answer

A) True 
 B)False

Question 20

Public sector employees are more likely to have a defined benefits plan than private sector employees.

Accepted Answer

A) True 
 B)False

Organizations should evaluate pay as:

Job evaluation provides the basis for decisions about the relative ________ of a job.

An employee who produces 12 components in an hour earns $18.00 ($1.50 x 12).This is an example of:

A comprehensive approach to selecting and training employees is known as total rewards.

The procedure through which an organization compares its own practices to those of successful competitors is known as:

Managers play a significant role in communicating total rewards to employees.

A value proposition considers the total value,current or prospective employees receive in exchange for contributing their time and energy to the company.

A pay policy line demonstrates the relationship between indirect compensation and pay rates.

A significant portion of executive compensation and rewards comes in the form of:

Pay structures are developed based on which of the following?

A pay range includes which of the following?

Employees have come to expect that benefits will help them maintain:

What types of benefits are legally required?

Profit sharing involves awarding pay:

Incentive pay is also referred to as:

What type of issues may arise when executive compensation is linked to the company's stock performance?

Discuss and describe the economic influences on pay.

A drawback of merit pay from the employer's perspective is,that it can quickly become expensive because it gets rolled into base pay.

Performance bonuses,like merit pay becomes part of base pay.

Public sector employees are more likely to have a defined benefits plan than private sector employees.

Strategies, Trends and Challenges in Human Resource Management

The Legal Context for Hrm and Creating Safe Healthy Workplaces

Analyzing Work and Designing Jobs

Planning for and Recruiting Human Resources

Selecting Employees

Training, Learning, and Development

Managing Employees Performance

Collective Bargaining and Labour Relations

Managing Human Resources Globally

Creating and Sustaining High-Performance Organizations

Filters

Exam 8: Total Rewards

Organizations should evaluate pay as:

Job evaluation provides the basis for decisions about the relative ________ of a job.

An employee who produces 12 components in an hour earns $18.00 ($1.50 x 12).This is an example of:

A comprehensive approach to selecting and training employees is known as total rewards.

The procedure through which an organization compares its own practices to those of successful competitors is known as:

Managers play a significant role in communicating total rewards to employees.

A value proposition considers the total value,current or prospective employees receive in exchange for contributing their time and energy to the company.

A pay policy line demonstrates the relationship between indirect compensation and pay rates.

A significant portion of executive compensation and rewards comes in the form of:

Pay structures are developed based on which of the following?

A pay range includes which of the following?

Employees have come to expect that benefits will help them maintain:

What types of benefits are legally required?

Profit sharing involves awarding pay:

Incentive pay is also referred to as:

What type of issues may arise when executive compensation is linked to the company's stock performance?

Discuss and describe the economic influences on pay.

A drawback of merit pay from the employer's perspective is,that it can quickly become expensive because it gets rolled into base pay.

Performance bonuses,like merit pay becomes part of base pay.

Public sector employees are more likely to have a defined benefits plan than private sector employees.

Strategies, Trends and Challenges in Human Resource Management

The Legal Context for Hrm and Creating Safe Healthy Workplaces

Analyzing Work and Designing Jobs

Planning for and Recruiting Human Resources

Selecting Employees

Training, Learning, and Development

Managing Employees Performance

Collective Bargaining and Labour Relations

Managing Human Resources Globally

Creating and Sustaining High-Performance Organizations

Filters