Exam 11: Total Rewards and Compensation

Which of the following is a major drawback to the point method of job evaluation?

What are exempt and non-exempt jobs? How are exempt and non-exempt jobs identified in the organization? What are independent contractors and why is it important for the organization to identify who is a contractor and who is an employee?

A compensation plan for expatriates that equalizes the cost differences between the international assignment and the same assignment in the home country of the individual or the corporation is the ____ approach.

Tom has just taken his first full time job with a salary of $58,000.He knows that he should plan his personal recurring expenses,such as rent and car payments,around this amount because it is his

Traditional job evaluation programs have been criticized as being gender-biased against women.Employers argue that

As a rule of thumb,the aggregate employer costs for the typical expatriate employee,including all allowances,is about ____ the expatriate's salary.

Chuck has applied to a residential roofing firm for a job as a roofer during school vacation because the pay is very good.Roofing is considered hazardous work.Under the FLSA Chuck cannot be hired unless he is at least ____ years old.

____ is the concept that the pay for all jobs requiring comparable knowledge,skills,and abilities should be similar even if actual duties and market rates differ significantly.

Which of the following approaches is recommended for bringing a red-circled employee's pay into line?

Organizations that have specific policies about where they wish to position themselves in the labor market use a/an ____ strategy.

A compensation philosophy in which each employee who has gained another year of seniority should have an increase in pay is called the ____ philosophy.

The market line is

Ernest,a U.S.citizen employee is being assigned to the company's German office in Munich because of his intimate knowledge of the company's main product.Ernest was previously stationed at the company headquarters in Kansas City.Al,l of the following issues should be taken into account when determining Ernest's pay during the years he works in Munich EXCEPT

When using the point method of job evaluation,a ____ factor is used to identify a job value that is commonly present throughout a group of jobs.

The last step in establishing a pay structure is to

The two basic compensation philosophies,which should be seen as opposite ends of a continuum,are the ____ and the ____ orientations.

Job evaluation provides a formal,systematic basis for determining the market value of jobs and establishing external pay equity in the organization's compensation system.

In order to show how the rate of compensation changes compares with the rate of changes in the organization's revenues overall

Employee medical insurance paid for by the employer is classified as ____ compensation.

The consensus among compensation and motivation experts is that compensation systems strongly affect the types of behavior that employees demonstrate.