Exam 11: Total Rewards and Compensation

In the next five years pay surveys will be

What are the advantages and disadvantages of using market pricing to set compensation in organizations?

A/an ____ is an indirect reward given to an employee or group of employees because they are members of the organization.

Martha has been a professor at a major state university for 20 years.Martha loves her work and is satisfied with the university.Because of her high level of publications and her high quality of teaching,Martha has received the highest raises possible every year.Since this a public university,Martha has access to all the salary data for all her fellow professors.She has learned that the last three professors hired in her field at her level were paid one-quarter more than she is paid.This amounts to tens of thousands of dollars.Martha is shocked and gathers data on the job market in her field.She finds that her pay is much lower than the market rate.Martha has encountered

In terms of procedural justice,the process of determining base pay,allocating pay increases,and measuring performance all must be seen by employees as

Which of the following is a NOT major objective of the Fair Labor Standards Act?

Under the FLSA,which of the following would be classified as a non-exempt employee?

For an employer,the primary advantage of classifying a worker as an independent contractor is that

The goal in giving pay increases to average performers should be

What are the two major compensation philosophies and how to they affect employee attitudes and behavior?

Much of the accuracy of the market pricing method of job evaluation depends on

The "employee cost factor" is total compensation and benefits per employee.

An advantage of market pricing is that it has high face validity with employees and seems to be more objective than traditional job evaluation methods.

George is a long-term exceptional performer.He has a compa-ratio of 120 and once again his performance has exceeded expectations.But,George only gets a raise of 3%,which is less than some of his co-workers who have less seniority and whose performance only meets expectations.George is incensed and waiting in your office.As director of HR,how will you explain this situation to George?

As HR director,you are discussing the implementation of a competency-based compensation system with the company's CEO.You point out that in order for the competency system to be effective

Which of the following are NOT paid overtime under the Fair Labor Standards Act?

Abundance Nurseries needs large numbers of unskilled employees every spring and summer to plant,maintain,and harvest the flower fields.Abundance is located in an area where there is a large supply of unskilled workers,and it has few problems recruiting workers as needed.It would be reasonable for Abundance Nurseries to position its pay for these workers in the ____ -quartile of the labor market.

Aesthetic Decor,Inc.,has made the philosophical decision to have absolute internal equity in its pay structure.To that end,every job in the organization has been rigorously evaluated and assigned points according to the worth of the job to the organization.The result is that many traditionally female-dominated jobs are paid more than what they are typically paid,and some traditionally male-dominated jobs are paid less than what they are typically paid.Which of the statements below is most likely to be TRUE?

Pay compression is the phenomenon of employees with less seniority making a higher salary than high-performing employees with greater seniority.

A true cost-of-living raise