Exam 12: Establishing a Pay Structure

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Which of the following statements is true about job-based pay structures?

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D

The Walsh-Healy Public Contracts Act of 1936

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E

In a product market,different organizations have exclusive customer bases.

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False

The pay offered by an organization is not limited by its presence in a product market.

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Which of the following is a disadvantage of broad bands?

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Research suggests that employees in the lower tier of the pay structure in a two-tier wage system are less satisfied than the top-tier employees.

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Overlapping _____ give the organization more flexibility in transferring employees among jobs,because transfers need not always involve a change in pay.

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Thomas and Alex are welders working for two different divisions of the same company.Both have the same level of experience.However,Thomas earns more than Alex.Under the Fair Labor Standards Act (FLSA),which of the following will justify the organization's decision to pay Thomas more than Alex?

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Which of the following statements is true according to the Davis-Bacon Act of 1931 and the Walsh-Healy Public Contracts Act of 1936?

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What is skill-based pay? What are its advantages and disadvantages?

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Joy Limon,a manufacturing company,has a pay structure based on job descriptions.As the company moves toward customizing production to meet customers' specific needs,it finds that managers are lacking flexibility in both job assignments as well as awarding pay increases to their employees.In this case,which of the following alternatives to job-based pay structures would best help the organization to respond to this problem?

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In a two-tier wage system,employees doing the same job are paid two different rates,depending on their technical background and training.

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An organization's choices about _____ are limited by its response to the economic forces of product markets and labor markets.

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How does equity theory explain how workers are likely to interpret the high pay of CEOs?

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Which of the following is a drawback of a minimum wage in terms of social policy?

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Define job structure,pay level,and pay structure.

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Which of the following is an advantage of a two-tier wage system?

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Employees' conclusions about equity depend on

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Which of the following statements is true about the Fair Labor Standards Act (FLSA)?

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Guangli is a human resource specialist at Quasio Inc. ,a business consulting company.To support human resource planning,Guangli monitors trends in the Consumer Price Index.In recent months,the CPI has been rising at an increasing rate.What can Guangli predict based on this information?

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