Exam 1: The Pay Model

Since the U.S.has the highest hourly compensation costs for manufacturing workers of any industrialized nation,executives could minimize total labor costs by producing in low cost countries such as China and Mexico.

One of the reasons 8 in 10 working families have no health insurance is because ______

In Japanese companies,the concept of teate is consistent with which of the following?

Which of the following are given as increments to the base pay in recognition of past work behavior?

Companies that pay high wages compared to their industry competitors,such as Nucor Steel and General Motors did for many years,are likely to go bankrupt.

If an organization allows workers to get rewards such as stock options due to illegal and unethical means,this reflects a failure of which policy choice?

Employees classified as non-exempt under FLSA are paid a salary,not wages.

Contributions refers to employees' perceptions of the fairness of pay differences among different jobs within their organization.

Employees view compensation as all but which of the following?

The U.S.has the highest hourly compensation costs for manufacturing workers of any industrialized nation.

The most important of the pay model policies for assuring fairness is contributions.

34 Managers seek internal alignment within their organization by:

A study of IBM showed that their long-standing policy of no layoffs was the major cause of their strong profits.

(p20-21)Compensation professionals' conduct is guided by the American Compensation Association's Code of Ethics.

If an objective is to increase customer satisfaction,then incentive programs and merit pay might be used to pay for performance.

Objectives guide the design of pay systems and provide standards for evaluating their effectiveness.

A study found that there is only a very small amount of change in CEO pay is related to changes in company performance.

If you often had to work 50 or more hours per week at an assembly job,you would probably prefer to that your job is classified as exempt under the FLSA.

Describe stockholders perspective on compensation.

Internal alignment refers to comparisons among jobs or skill levels inside a single organization.