Chap 15

_____ are one-time cash payments to employees that are not added to an employee's base wages.

Lump-sum awards

Which of the following involves periodic adjustments based typically on changes in the consumer price index?

A COLA clause

_____ is movement through the wage ranges where seniority is specified as the basis of the movement.

Automatic progression

Increased global competition has caused unions to:

become more receptive to alternate reward systems that link pay to performance.

Which of the following is a reason for unions favoring gain-sharing plans?

Increased involvement with job activities

Research indicates that the presence of a union adds about _____ to employee benefits.

30 to 40 percent

Union employees in the public sector earn, on average, about _____ more than their nonunion counterparts.

22 percent

A deferred wage increase _____.

is negotiated at the time of initial contract negotiations with the timing and amount specified in the contract

The phenomenon where the nonunion management continues to enjoy the freedom from union "interference" in decision making, and the workers receive the rewards already obtained by their unionized counterparts is known as _____.

the spillover effect

Which of the following plans gives employees part ownership in the company?

ESOPs

In the negotiation stage of a multiyear wage contract, Mark, the manager of SifCo Corp., specifies that changes will be made to the wage based on the changes in the consumer price index and mentions the effective dates of adjustment. Which of the following types of clauses has Mark introduced in the contract?

Escalator clause

Which of the following statements regarding unions is NOT true?

Since 1997, there has been a consistent 2 percent annual decrease in certification elections decided in favor of unionization.

When compared to the impact of unions during periods of strong economies, the impact of unions during periods of higher unemployment is _____.

larger

In a(n) _____ pay plan, a contract is negotiated which specifies that employees hired after a given target date will receive lower wages than their higher-seniority peers working on the same or similar jobs.

two-tier

A study of unions in 114 companies concluded that _____.

unions make a difference in wages across all studies and time periods