Exam 6: Formulating the Reward and Compensation Strategy

You are attempting to define the role compensation will play in your reward strategy.What is a key factor that needs to be examined?

In Canada,organizations face numerous legislated constraints creating so-called "boundaries" to their compensation systems.Which of the following is NOT categorized as a legislated constraint or boundary?

Salaries are the major component of total compensation for the highest paid executives in Canada.

The process of formulating a compensation strategy includes five distinct yet interrelated steps.

All Canadian jurisdictions have passed human rights legislation prohibiting employment discrimination based on specific employee factors.What is NOT covered under these broad human rights legislation?

A "lead-the-market" compensation policy should be deployed only in situations when organizations face very tight labour markets.

Which of the following is generally NOT one of the reasons why firms use contingent workers?

What should be your first step when you formulate the compensation strategy?

Jurisdiction over labour markets is primarily within the realm of the federal government of Canada.

In which organization would compensation have a low role?

For the special employee groups discussed in the textbook (contingent employees,executives,and international employees),what are some the implications for compensation?

Your organization is facing significant competition,putting pressure on your profit margins.Labour costs account for a significant percentage of your cost structure,and you are concerned with your profitability,moving forward.Furthermore,you are finding that it is extremely difficult to find production workers willing to work for minimum wage in Canada.As a result,you decide to move operations to Vietnam so you can take advantage of lower labour costs.Which type of key constraint has caused you to make this decision?

When we discuss labour market constraints,what are we specifically referring to?

Which statement best explains the legal difference between an employee and a contractor?

Trucks Are Us Ltd.is a British-Columbia-based trucking company providing long-haul services across Canada.Which level of government has the primary responsibility for passing labour-related legislation covering employees of Trucks Are Us Ltd.?

In which circumstance does the compensation system need to be relied on less heavily to motivate behaviour?

Before implementing a compensation strategy,human resources professionals must ensure the appropriate screens are in place to evaluate the strategy's appropriateness.Which screen is NOT considered one of the so-called "must pass screens"?

Which of the following is NOT covered by employment standards legislation in Canada?

Which method involves using a "what if" scenario to determine which compensation-level strategy is most efficient for your organization?

A particular organization wants to explore the potential for converting many of their employees into contractors.Which characteristic would potentially lead the Canada Revenue Agency to reject this change in classification?