ch11 mgmt 365 quiz
Georgy, an employee at a telecommunications company, is in Pay Grade 3 and earns $14.50 an hour. The pay range for Grade 3 is $7 to $13 an hour. Georgy, therefore, is paid above the pay range set for his job. In the given scenario, Georgy is a _____.
red-circled employee
Anecia is a nonexempt government employee who earns ____________ when she works overtime instead of the traditional overtime pay. Anecia likes the arrangement because it allows her to spend more time with her family.
comp hours
In the context of pay increases, a(n) _______________ is a pay increment whereby every employee's pay is increased to compensate for inflation and rising prices and is usually tied to some general economic measure.
cost-of-living adjustment
An advantage of ___________________ is that they give employees an equity interest in their organization, which may motivate employees to be more productive and focused on organizational performance.
employee stock ownership plans
Free riding is a problem most likely to be associated with _____.
gainsharing plans
A manufacturing company starts an incentive plan in which all employees on a work team would receive a monthly bonus if they exceeded the monthly productivity targets. The bonus would be paid for by the revenue generated from the additional units produced. In this scenario, the manufacturing company is implementing a(n) _____.
gainsharring plan
In the context of individual incentives, time and motion studies are particularly important and informative when creating effective
price-rate system
Who among the following individuals received a spot bonus?
Henry, a software engineer, who received a $500 gift certificate from his boss after he found a fix for a software bug that had been causing problems
Kyung-soo, a manager, would like to increase the intrinsic motivation of her employees. Which of the following should she do to achieve her objective?
Redesign jobs to give employees more autonomy
Vinod works as a waiter at a restaurant in the state of Nebraska and is compensated based on a fixed hourly wage plus any tips he receives from customers. According to the Fair Labor Standards Act (FLSA), Vinod's minimum hourly wage:
can be less than the federal minimum wage as long as the tips he earns bring him up to the equivalent of the minimum wage.
The perceived value of __________ can differ among employees, making the development and management of total rewards much more complex.
intangible rewards
Azure Inc., an information technology company, uses a quartile strategy and positions itself in the third quartile to develop its compensation strategy. It targets pay ranges so that 25 percent of other firms pay above it and the rest pay below it. In the context of compensation quartile strategies, Azure Inc. is most likely using the _____.
lead-the-market strategy
In the United States, employee salaries are increasingly based on __________ rather than internal job evaluation methods such as the point factor method.
market pricing
The Fair Labor Standards Act (FLSA) provisions focus on
minimum wage
In addition to his salary, Roberto, the chief executive officer of a multinational company, has access to company cars for personal use. His membership at Golden Sands Country Club, one of the most exclusive country clubs in England, is paid for by his company. In the given scenario, the membership to the club and access to company cars are _____ that Roberto receives from his company.
perquisites
Lily is the HR manager of a cleaning services company. She is in the process of evaluating and updating pay rates for various jobs in the company. She is using a job evaluation method that involves determining job dimensions common to a group of jobs in the company and assigning values to each of them for each job. Some of the job dimensions include the level of education and experience required for the job. In the given scenario, Lily is using the _____.
point factor method