Exam 11: Total Rewards and Compensation

George,a compensation specialist for a large frozen foods company,has been asked to identify compensable factors specific to the job of forklift operator in the company's extensive warehouse.This warehouse is one of the largest refrigerated warehouses in the country.George would probably include all the following in his list EXCEPT

Which type of compensation is linked directly to individual,team,or organizational performance?

____ are payments directly calculated on the amount of time worked.

Terri is a salaried line worker at Chicken Delight Poultry Processors.Terri joking refers to herself as a "chicken dis-assembler." She often works more than 40 hours a week,and is not paid overtime.

Which of the following is an advantage of a lump-sum increase (LSI)plan compared with traditional raises?

The Equal Pay Act prohibits wage differentials based on

In an equity calculation,an employee's base pay,variable pay,and benefits are the ____ he/she receives from a job.

The total rewards approach to compensation is focused on attracting and retaining employees through a compensation system that rewards membership in the organization through predictable and secure direct and indirect compensation.

Brian,the director of compensation,has been asked by the board of directors to present the "employee cost factor" for the last 10 years at the next board meeting.Brian needs to do the following calculation for each year:

Which of the following is a TRUE statement about the overtime provisions for non-exempt employees of the Fair Labor Standards Act?

Compensation plans for internationally-assigned employees that attempt to be comprehensive in providing base pay,incentives,benefits and relocation expenses regardless of the country to which the employee is assigned are called ____ compensation plans.

Which of the following statements is TRUE?

Broadbanding is most appropriate in a traditional,hierarchical organization where the managers have careers based on steady advancement and promotions.

Junior Birdman Children's Clothing and Toy Company must attract and retain the most creative and talented children's designers in the industry.It probably uses a third-quartile compensation strategy.

____ is the practice of using fewer pay grades with much wider ranges than in traditional compensation systems.

Megatherium Industries organizes its production employees into work teams.Each team member's salary is determined by a combination of his/her seniority in the firm and competencies which he/she has demonstrated.Sissy is angry because she has found out that Max is paid more than she is because he has earned more skill certifications,even though Sissy has consistently worked harder and "gone the extra mile" in completing team projects.Which of the following statements is TRUE?

When designing a base pay system,it must be both internally equitable and competitive with the external labor market.

According to the overtime provisions of the FLSA all of the following are true regarding non-exempt employees EXCEPT

Compensation is one of the organization's largest expenditures.Compensation philosophies and systems vary from one organization to the next.Why is that?

In a competency-based pay system employees are paid