MGT Chap 1

Among employers that provide health insurance, the cost to provide family coverage per year per employee is approximately _____.

$16,000

Recent surveys show that, on average, an outstanding performer receives a _____ merit increase, an average performer a _____ merit increase, and a poor performer a 0.4% merit increase.

4.4%; 2.8%

According to the text, which of the following decisions should be made jointly?

According to the text, which of the following decisions should be made jointly?

Which of the following policy decisions directly affects employees' attitudes and work behaviors?

Employee contributions

Which of the following is an example of a relational return?

Employment security

Which of the following is a fundamental objective, and NOT a policy, in the pay model?

Fairness

Which form of pay does not permanently increase labor costs?

Incentive

_____ refers to comparisons among jobs or skills inside a single organization.

Internal alignment

Which of the following companies is taking efforts to improve the work/life balance of its employees?

MH Corp. increases the number of paid holidays given to its senior employees.

Which of the following is given as an increment to the base pay in recognition of past work behavior?

Merit pay

Which of the following is often the largest component in an executive pay package?

Stock options

GreenRain Corp. faces an increase in employee turnover rate. The CEO calls for a board meeting with the senior executives to discuss the issue. Who among the following suggests increasing the relational returns that employees receive to reduce the turnover rate at GreenRain?

Tom suggests increasing the decision-making authorities given to the employees to make work more challenging.

The best way to establish _____ is to account for competing explanations, either statistically or through control groups.

causation

The degree to which pay influences individual and aggregate motivation among employees at any point in time is referred to as a(n):

incentive effect.

Variable pay may also be called _____.

incentives

One of the reasons why 8 in 10 of the uninsured in the United States are from working families is that _____.

many small employers are much less likely than larger employers to offer health insurance to their employees

You are an HR manager, and your boss has told you to find the best way to raise job performance. After some research, you find that _____ have the greatest instrumental value.

monetary incentives

Managers seek internal alignment within their organization by:

paying on the basis of similarities among jobs.

Incentives do not permanently increase labor costs because:

they are one-time payments.