Exam 9: Direct Financial Compensation Core Compensation:

Which type of compensation increases an employee's base pay and contributes to cost control over time??

Which of the following is true about the percentage of access contingent workers have to benefits compared to workers who are not classified as contingent workers?

What gainsharing plan embodies management-labor cooperation,collaborative problem-solving,teamwork,trust,open-book management and servant leadership?

Merit payments are relatively small gifts given to employees for outstanding work or effort during a brief period of time.

Which of the following would NOT be an exempt employee under the Fair Labor Standards Act?

One of the primary purposes of the Fair Labor Standards Act of 1938 was to eliminate substandard wages and to prevent children from excessive work hours.

Unions' gains often influence nonunion companies' compensation practices.Many nonunion companies offered similar compensation to their employees.

Irene,an HR manager,needs to use a quantitative job evaluation method.Which two methods would meet Irene's needs?

In most cases,which of the following is NOT a contextual influence on direct financial compensation?

In the ranking method of job evaluation,raters assign numerical values to specific job factors,such as knowledge required,and the sum of these values provides a quantitative assessment of a job's relative worth.

Nominal compensation and real compensation are never equal.

As an HR manager,you learn that an employee is being overpaid.What would be the best way to handle this situation?

Organizations that pay higher wages and salaries than competing firms use a ________.

Which of the following job evaluation techniques is placed in the non quantitative type?

A golden parachute contract is a perquisite that protects executives in the event that another company acquires their firm.

In the ________ of job evaluation,raters assign numerical values to specific job factors,such as knowledge required,and the sum of these values provides a quantitative assessment of a job's relative worth.

Which of the following is an incentive pay plan designed to bind employees to the firm's performance by providing payment based on improved company performance or other outcomes such as attaining cost-efficiency?

Eric,an HR manager,is using a job evaluation method in which he assigns numerical values to specific job factors before calculating the sum of the values.Which method is Eric most likely using?

By design,which employee group may not be awarded a salary for the work he or she performs?

Current trends in executive pay involve linking compensation with ________.