BA241: Chapter 6 Exam

_____ ____ states that people should be given similar pay if they are performing the same type of job.

Comparable worth

Pay system where pay is determined by the employee's traits or characteristics as opposed to a specific skills set

competency-based

The ____ ______ is concerned with the relational satisfaction employees get from pay and inputs they provide to the organization. It says that people will evaluate their own compensation by comparing their compensation to others' compensation and their inputs to others' inputs.

equity theory

The _____ ______ is another key theory in relation to pay. The expectancy theory says that employees will put in as much work as they expect to receive.

expectancy theory

Rather than use a pay grade scale, some organizations use a___ ____ ___l. In this model, analysis of the going rate for a particular job at a particular time is considered when creating the compensation package.

going rate model

Obvious con to the management fit model:

halo effect or reverse halo effect

In a ___ _______ ______, every job is classified and grouped based on the knowledge and skills required for the job, years of experience, and amount of authority for that job.

job classification system

The process of determining the relative worth of jobs to determine pay structure.

job evaluation

This type of job evaluation lists and ranks job titles in order of importance to the organization.

job ranking system

Another pay model is the _____ ______ ____. In this model, each manager makes a decision about who should be paid what when that person is hired.

management fit model

A _____ ______ ______ is to pay the going rate for a particular job, within a particular market based on research and salary studies.

market compensation policy

OASDHI stand for

old age, survivors, disability, health insurance

This type of job evaluation lists individual jobs in comparison with every other job, based on a ranking system, and an overall score is given for each job, determining the highest-valued job to the lowest-valued job.

paired comparison

The process of setting the pay scale for specific jobs or types of jobs.

pay grading

Another type of job evaluation system is the ____-____ ______, which determines the value of a job by calculating the total points assigned to it. The points given to a specific job are called ______ ______.

point-factor system, compensable factors

The ____ _____ says that if high performance is followed by some reward, that desired behavior will likely occur in the future.

reinforcement theory

Pay system where pay is determined by the person's skills

skill-based pay

According to the FLSA, tipped employees are those earning $__ or more per month in tips, such as servers in a restaurant.

$30

True or False: Jobs under exempt status still do fall under the FLSA guidelines.

False

True or False: When employees receive raises, their raises do not stay within the range of their individual pay grade.

False

Another option for job evaluation is called the _____ ____ _____. This proprietary job evaluation method focuses on three factors called know-how, problem solving, and accountability.

Hay profile method

____ _____ ____ ____ of 1963 makes it illegal to pay different wages to men and women if they perform equal work in the same workplace.

The Equal Pay Act

____ ____ ____ ____ ____, or ___, was established in 1938 and set a minimum wage for jobs, overtime laws, and child labor laws.

The Fair Labor Standards Act, FLSA

True or False: FLSA divides workers into exempt and nonexempt status.

True

True or False: Usually, market minus philosophy pays salaries lower than market rate but offer more benefits.

True