Compensation Chapter 1 TNTech

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%

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

Competitiveness

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

Employee contributions

Hourly compensation costs for production workers in manufacturing are higher in ______ than in the United States

Germany

Which form of pay does not permanently increase labor costs?

Incentive

Variable pay may also be called _____

Incentives

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

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.

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

Merit Pay

In the context of pay relationships, which of the following is illegal in the United States?

Paying on the basis of one's age

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.

Which of the following programs introduced by Congress includes restrictions on executive pay that are designed to discourage executives from taking "unnecessary and excessive risks"?

Troubled Asset Relief Program

Which of the following is NOT a question to ask for determining if research has value?

Was the research conducted by PhD researchers?

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

causation

A measure of how changes in one variable are related to changes in another variable is the:

correlation coefficient

A difference between incentives and merit increases is that incentives:

do not increase the base wage, whereas merit increases the base wage

Incentives and merit guidelines are techniques of the ____ policy of the pay model

employee contributions

The decisions to implement pay for performance, flat rate pay, and profit sharing are examples of ____ policy decisions

employee contributions

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

employment security

compensation policy choices that affect the pay level relative to other companies are most closely associated with the ______ aspect of the pay model.

external competitiveness

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

external competitiveness and employee contribution decesions

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

fairness

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

incentive effect

Variable pay may also be called ______

incentives

Robert, the CEO of GameTrack Corp., wants to restructure the pay plan without increasing the labor costs in the long run. He is most likely to achieve this, while retaining his top employees, by:

increasing incentive pay and decreasing base pay

Robert, the CEO of GameTrack Corp., wants to restructure the pay plan without increasing the labor costs in the long run. He is most likely to achieve this, while retaining his top employees, by:

increasing incentive pay and decreasing base pay.

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

internal alignment

You are a 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

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

stock options

Incentives do not permanently increase labor costs because:

they are one-time payments