Question 1

What level of strategy is the question "how do we gain competitive advantage"?

Accepted Answer

A)  Corporate 
B)  Business unit 
C)  HR 
D)  Departmental 
A)  Corporate 
B)  Business unit 
C)  HR 
D)  Departmental B

Question 2

The social,competitive and regulatory environment factors are most important for which type of strategy?

Accepted Answer

A)  Corporate 
B)  Business unit 
C)  HR 
D)  Strategic compensation 
A)  Corporate 
B)  Business unit 
C)  HR 
D)  Strategic compensation D

Question 3

"To maintain good citizenship as a company" and "To make a fair profit on current operations" are examples of _____.

Accepted Answer

A)  values 
B)  mission 
C)  goals 
D)  operating principles 
A)  values 
B)  mission 
C)  goals 
D)  operating principles A

Question 4

In mapping a total compensation strategy,the question of how is compensation in the overall HR strategy is part of _____.

Accepted Answer

A)  objectives 
B)  internal alignment 
C)  external competitiveness 
D)  management 
A)  objectives 
B)  internal alignment 
C)  external competitiveness 
D)  management

Question 5

Which of the following statements regarding allowing employees choice in their pay mix is not true?

Accepted Answer

A)  A wide-range of choices is difficult to manage 
B)  It provides an employer a clear competitive advantage 
C)  Unlimited choice is difficult to design 
D)  Too many choices can confuse people 
A)  A wide-range of choices is difficult to manage 
B)  It provides an employer a clear competitive advantage 
C)  Unlimited choice is difficult to design 
D)  Too many choices can confuse people

Question 6

Most organizations rely upon the market to determine how to pay their employees since compensation strategy is uncertain and complex.

Accepted Answer

A) True 
 B)False

Question 7

Offering employees choice in their compensation mix provides firms a distinct competitive advantage.

Accepted Answer

A) True 
 B)False

Question 8

List the different factors in mapping a total compensation strategy.

Accepted Answer

Factors in mapping a total com

Question 9

Union preferences is a major factor in _____ of a total compensation strategy.

Accepted Answer

A)  implementing 
B)  reassessing 
C)  assessing implications 
D)  mapping 
A)  implementing 
B)  reassessing 
C)  assessing implications 
D)  mapping

Question 10

Write short notes on Virtuous and Vicious Circles.

Accepted Answer

Virtuous Circle - Thinking of pay as par

Question 11

One of Whole Foods' employee contributions strategic compensation choices is to seek and engage employees who are going to help the company make money.

Accepted Answer

A) True 
 B)False

Question 12

A strategy map contains strategies about all but which of the following?

Accepted Answer

A)  External competitiveness 
B)  Management 
C)  HR alignment 
D)  Employee contributions 
A)  External competitiveness 
B)  Management 
C)  HR alignment 
D)  Employee contributions

Question 13

Whole Foods' decision to seek and engage employees who are going to help the company make money is an example of which strategic pay decisions?

Accepted Answer

A)  Objectives 
B)  Employee contributions 
C)  Internal alignment 
D)  Management 
A)  Objectives 
B)  Employee contributions 
C)  Internal alignment 
D)  Management

Question 14

External competitiveness is one test of competitive advantage.

Accepted Answer

A) True 
 B)False

Question 15

Issues of transparency,technology,and choice are examples of choices related to the _____ strategy choice of total compensation.

Accepted Answer

A)  objectives 
B)  management 
C)  employee contributions 
D)  internal alignment 
A)  objectives 
B)  management 
C)  employee contributions 
D)  internal alignment

Question 16

What are the aspects of the alignment of pay strategies?

Accepted Answer

Alignment of the pay strategy includes t

Question 17

Internal alignment refers to how differently levels of skills and work are paid across different organizations.

Accepted Answer

A) True 
 B)False

Question 18

"Putting some skin in the game" refers to:

Accepted Answer

A)  employees paid entirely on commission 
B)  being paid as a contract vs. a regular employee 
C)  below market base pay with stock ownership 
D)  above market base pay with low benefits 
A)  employees paid entirely on commission 
B)  being paid as a contract vs. a regular employee 
C)  below market base pay with stock ownership 
D)  above market base pay with low benefits

Question 19

Labor market-based compensation practices in countries such as China,Germany and France,are likely to be less effective than in countries such as the U.S.,Korea or Singapore because there is less movement from company to company

Accepted Answer

A) True 
 B)False

Question 20

The major challenge in the design of future pay systems is reducing the pay gap between top executives and low-level employees.

Accepted Answer

A) True 
 B)False

What level of strategy is the question "how do we gain competitive advantage"?

The social,competitive and regulatory environment factors are most important for which type of strategy?

"To maintain good citizenship as a company" and "To make a fair profit on current operations" are examples of _____.

In mapping a total compensation strategy,the question of how is compensation in the overall HR strategy is part of _____.

Which of the following statements regarding allowing employees choice in their pay mix is not true?

Most organizations rely upon the market to determine how to pay their employees since compensation strategy is uncertain and complex.

Offering employees choice in their compensation mix provides firms a distinct competitive advantage.

List the different factors in mapping a total compensation strategy.

Union preferences is a major factor in _____ of a total compensation strategy.

Write short notes on Virtuous and Vicious Circles.

One of Whole Foods' employee contributions strategic compensation choices is to seek and engage employees who are going to help the company make money.

A strategy map contains strategies about all but which of the following?

Whole Foods' decision to seek and engage employees who are going to help the company make money is an example of which strategic pay decisions?

External competitiveness is one test of competitive advantage.

Issues of transparency,technology,and choice are examples of choices related to the _____ strategy choice of total compensation.

What are the aspects of the alignment of pay strategies?

Internal alignment refers to how differently levels of skills and work are paid across different organizations.

"Putting some skin in the game" refers to:

Labor market-based compensation practices in countries such as China,Germany and France,are likely to be less effective than in countries such as the U.S.,Korea or Singapore because there is less movement from company to company

The major challenge in the design of future pay systems is reducing the pay gap between top executives and low-level employees.

The Pay Model

Defining Internal Alignment

Job Analysis

Job-Based Structures and Job Evaluation

Person-Based Structures

Defining Competitiveness

Designing Pay Levels, mix, and Pay Structures

Pay-For-Performance: the Evidence

Pay-For-Performance Plans

Performance Appraisals

The Benefit Determination Process

Benefit Options

Compensation of Special Groups

Union Role in Wage and Salary Administration

International Pay Systems

Government and Legal Issues in Compensation

Management: Making It Work

Filters

Exam 2: Strategy: The Totality of Decisions

What level of strategy is the question "how do we gain competitive advantage"?

The social,competitive and regulatory environment factors are most important for which type of strategy?

"To maintain good citizenship as a company" and "To make a fair profit on current operations" are examples of _____.

In mapping a total compensation strategy,the question of how is compensation in the overall HR strategy is part of _____.

Which of the following statements regarding allowing employees choice in their pay mix is not true?

Most organizations rely upon the market to determine how to pay their employees since compensation strategy is uncertain and complex.

Offering employees choice in their compensation mix provides firms a distinct competitive advantage.

List the different factors in mapping a total compensation strategy.

Union preferences is a major factor in _____ of a total compensation strategy.

Write short notes on Virtuous and Vicious Circles.

One of Whole Foods' employee contributions strategic compensation choices is to seek and engage employees who are going to help the company make money.

A strategy map contains strategies about all but which of the following?

Whole Foods' decision to seek and engage employees who are going to help the company make money is an example of which strategic pay decisions?

External competitiveness is one test of competitive advantage.

Issues of transparency,technology,and choice are examples of choices related to the _____ strategy choice of total compensation.

What are the aspects of the alignment of pay strategies?

Internal alignment refers to how differently levels of skills and work are paid across different organizations.

"Putting some skin in the game" refers to:

Labor market-based compensation practices in countries such as China,Germany and France,are likely to be less effective than in countries such as the U.S.,Korea or Singapore because there is less movement from company to company

The major challenge in the design of future pay systems is reducing the pay gap between top executives and low-level employees.

The Pay Model

Defining Internal Alignment

Job Analysis

Job-Based Structures and Job Evaluation

Person-Based Structures

Defining Competitiveness

Designing Pay Levels, mix, and Pay Structures

Pay-For-Performance: the Evidence

Pay-For-Performance Plans

Performance Appraisals

The Benefit Determination Process

Benefit Options

Compensation of Special Groups

Union Role in Wage and Salary Administration

International Pay Systems

Government and Legal Issues in Compensation

Management: Making It Work

Filters