Question 1

Existing companies tend to lower wages when demand for labour exceeds supply.

Accepted Answer

A) True 
 B)False

Question 2

What is a key concern related to using data from free compensation data websites?

Accepted Answer

A)  complexity of the data 
B)  cost of the data 
C)  proprietary issues 
D)  validity of the data 
A)  complexity of the data 
B)  cost of the data 
C)  proprietary issues 
D)  validity of the data

Question 3

What is NOT a main step in conducting a proper compensation survey?

Accepted Answer

A)  identifying jobs to be surveyed 
B)  identifying employees to be surveyed 
C)  determining the information needed 
D)  determining how you will collect the data 
A)  identifying jobs to be surveyed 
B)  identifying employees to be surveyed 
C)  determining the information needed 
D)  determining how you will collect the data

Question 4

A very large interquartile quotient tends to indicate that all jobs in the sample are equivalent.

Accepted Answer

A) True 
 B)False

Question 5

For public sector organizations,the key factor determining wages is the employees' ability to generate revenue.

Accepted Answer

A) True 
 B)False

Question 6

Which compa-ratio suggests that,on average,employees are being paid above the mid-point of the range?

Accepted Answer

A)  0.01 
B)  0.92 
C)  1.00 
D)  1.03 
A)  0.01 
B)  0.92 
C)  1.00 
D)  1.03

Question 7

The compa-ratio is calculated by taking the average pay of all employees holding a particular job title and then dividing this by the midpoint of the pay range for that job.

Accepted Answer

A) True 
 B)False

Question 8

Which measure can be used to assess the central tendency of pay?

Accepted Answer

A)  dispersion 
B)  standard deviation 
C)  quartiles and deciles 
D)  mean 
A)  dispersion 
B)  standard deviation 
C)  quartiles and deciles 
D)  mean

Question 9

Which of the following identifies two crucial dimensions of the labour market?

Accepted Answer

A)  occupational grouping and geographic scope 
B)  unemployment rate and turnover in the area 
C)  availability of labour and types of legislation 
D)  education levels and experience ratings 
A)  occupational grouping and geographic scope 
B)  unemployment rate and turnover in the area 
C)  availability of labour and types of legislation 
D)  education levels and experience ratings

Question 10

As a human resource specialist,you recommend an international scope when defining the relevant labour market for a nuclear physicist to be responsible for the safety of a Canadian nuclear reactor.Which variable is likely to be informing your decision?

Accepted Answer

A)  the level of job specialization 
B)  the international nature of the industry 
C)  the highly visible nature of the role 
D)  the high profile nature of the role 
A)  the level of job specialization 
B)  the international nature of the industry 
C)  the highly visible nature of the role 
D)  the high profile nature of the role

Question 11

Briefly describe the process for analyzing and interpreting survey data.

Accepted Answer

In analyzing survey data,the first steps

Question 12

Identify and briefly describe the four main steps in conducting a compensation survey.

Accepted Answer

The first step is to identify the jobs t

Question 13

Which survey source raises concerns among HR professionals about the validity of their data?

Accepted Answer

A)  industry groups 
B)  formal in-house 
C)  free websites 
D)  consultants 
A)  industry groups 
B)  formal in-house 
C)  free websites 
D)  consultants

Question 14

Which of the following is NOT considered a general pattern in compensation levels?

Accepted Answer

A)  Union employees receive more compensation than comparable non-union employees. 
B)  Male employees earn more than female employees on average. 
C)  Resource sector employees earn more than those in the service sector. 
D)  The wage gap between public-sector organizations and private-sector firms is narrow for top-level employees. 
A)  Union employees receive more compensation than comparable non-union employees. 
B)  Male employees earn more than female employees on average. 
C)  Resource sector employees earn more than those in the service sector. 
D)  The wage gap between public-sector organizations and private-sector firms is narrow for top-level employees.

Question 15

In conducting a compensation survey,the first step should be to identify the jobs to be surveyed.

Accepted Answer

A) True 
 B)False

Question 16

Which condition tends to explain why jobs in the higher hierarchy positions of the public sector tend to be paid less than similar positions in the private sector?

Accepted Answer

A)  a strong union 
B)  publicly visible salaries 
C)  the levels of indirect pay provided to senior public sector positions 
D)  a poor industry reputation 
A)  a strong union 
B)  publicly visible salaries 
C)  the levels of indirect pay provided to senior public sector positions 
D)  a poor industry reputation

Question 17

In order to calibrate a compensation system,a sample of 25 to 45 percent of sample of jobs should be a minimum.

Accepted Answer

A) True 
 B)False

Question 18

Which statement best describes the compa-ratio?

Accepted Answer

A)  It is calculated by averaging the pay ranges in the quartiles. 
B)  It is a measure of pay dispersion across employers. 
C)  It is derived by dividing mean base pay by the midpoint of the pay range. 
D)  It is a calculation based on average base pay for each job. 
A)  It is calculated by averaging the pay ranges in the quartiles. 
B)  It is a measure of pay dispersion across employers. 
C)  It is derived by dividing mean base pay by the midpoint of the pay range. 
D)  It is a calculation based on average base pay for each job.

Question 19

Which of the following is generally NOT a determinant of employees' pay in the public sector?

Accepted Answer

A)  collective bargaining 
B)  employees' ability to generate revenues 
C)  employers' ability to pay 
D)  budget available for pay increases 
A)  collective bargaining 
B)  employees' ability to generate revenues 
C)  employers' ability to pay 
D)  budget available for pay increases

Question 20

What are three of the main "third-party" sources of compensation data?

Accepted Answer

A)  Statistics Canada,trade journals,and government agencies 
B)  private agencies,trade journals,and government agencies 
C)  government agencies,industry groups,and consulting firms 
D)  consulting firms,boards of trade,and publishers 
A)  Statistics Canada,trade journals,and government agencies 
B)  private agencies,trade journals,and government agencies 
C)  government agencies,industry groups,and consulting firms 
D)  consulting firms,boards of trade,and publishers

Existing companies tend to lower wages when demand for labour exceeds supply.

What is a key concern related to using data from free compensation data websites?

What is NOT a main step in conducting a proper compensation survey?

A very large interquartile quotient tends to indicate that all jobs in the sample are equivalent.

For public sector organizations,the key factor determining wages is the employees' ability to generate revenue.

Which compa-ratio suggests that,on average,employees are being paid above the mid-point of the range?

The compa-ratio is calculated by taking the average pay of all employees holding a particular job title and then dividing this by the midpoint of the pay range for that job.

Which measure can be used to assess the central tendency of pay?

Which of the following identifies two crucial dimensions of the labour market?

As a human resource specialist,you recommend an international scope when defining the relevant labour market for a nuclear physicist to be responsible for the safety of a Canadian nuclear reactor.Which variable is likely to be informing your decision?

Briefly describe the process for analyzing and interpreting survey data.

Identify and briefly describe the four main steps in conducting a compensation survey.

Which survey source raises concerns among HR professionals about the validity of their data?

Which of the following is NOT considered a general pattern in compensation levels?

In conducting a compensation survey,the first step should be to identify the jobs to be surveyed.

Which condition tends to explain why jobs in the higher hierarchy positions of the public sector tend to be paid less than similar positions in the private sector?

In order to calibrate a compensation system,a sample of 25 to 45 percent of sample of jobs should be a minimum.

Which statement best describes the compa-ratio?

Which of the following is generally NOT a determinant of employees' pay in the public sector?

What are three of the main "third-party" sources of compensation data?

A Road Map to Effective Compensation

A Strategic Framework for Compensation

A Behavioural Framework for Compensation

Components of Compensation Strategy

Performance Pay Choices

Formulating the Reward and Compensation Strategy

Evaluating Jobs: the Job Evaluation Process

Evaluating Jobs: the Point Method of Job Evaluation

Evaluating Individuals

Designing Performance Pay Plans

Designing Indirect Pay Plans

Activating and Maintaining an Effective Compensation System

Filters

Exam 9: Evaluating the Market

Existing companies tend to lower wages when demand for labour exceeds supply.

What is a key concern related to using data from free compensation data websites?

What is NOT a main step in conducting a proper compensation survey?

A very large interquartile quotient tends to indicate that all jobs in the sample are equivalent.

For public sector organizations,the key factor determining wages is the employees' ability to generate revenue.

Which compa-ratio suggests that,on average,employees are being paid above the mid-point of the range?

The compa-ratio is calculated by taking the average pay of all employees holding a particular job title and then dividing this by the midpoint of the pay range for that job.

Which measure can be used to assess the central tendency of pay?

Which of the following identifies two crucial dimensions of the labour market?

As a human resource specialist,you recommend an international scope when defining the relevant labour market for a nuclear physicist to be responsible for the safety of a Canadian nuclear reactor.Which variable is likely to be informing your decision?

Briefly describe the process for analyzing and interpreting survey data.

Identify and briefly describe the four main steps in conducting a compensation survey.

Which survey source raises concerns among HR professionals about the validity of their data?

Which of the following is NOT considered a general pattern in compensation levels?

In conducting a compensation survey,the first step should be to identify the jobs to be surveyed.

Which condition tends to explain why jobs in the higher hierarchy positions of the public sector tend to be paid less than similar positions in the private sector?

In order to calibrate a compensation system,a sample of 25 to 45 percent of sample of jobs should be a minimum.

Which statement best describes the compa-ratio?

Which of the following is generally NOT a determinant of employees' pay in the public sector?

What are three of the main "third-party" sources of compensation data?

A Road Map to Effective Compensation

A Strategic Framework for Compensation

A Behavioural Framework for Compensation

Components of Compensation Strategy

Performance Pay Choices

Formulating the Reward and Compensation Strategy

Evaluating Jobs: the Job Evaluation Process

Evaluating Jobs: the Point Method of Job Evaluation

Evaluating Individuals

Designing Performance Pay Plans

Designing Indirect Pay Plans

Activating and Maintaining an Effective Compensation System

Filters