Compensation HRM316

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Experience

Early conceptions of compketencies focused on five areas. which of the following is not one of them

Cost Cutter

Emphasizing on productivity and operational excellence is part of which of the following strategies

Pay for time worked

Employee benefits are part of the totak compensation package,other than_____ provide to employees in whole or in part by employer payment

True

Employees in companies with open pay policises tend to express higher satisfactio with their pay and with the pay system

Order in determining the internal job structure

Internal work relationship,job analyssis,job descriptions,job evaluation,job structure

True

The cost effectiveness componenet of benefits arises because may groups-based benefits can be obtained at a lower rate than could be obtained by employyes acting on their own

Negotiation

The exchange value of a job is determine by

False

The final results of the analysiss job description job evaluation process is an internal pay structure

True

Skill-based plans established flat rates for each skill level regalrsless of perfomance or senority

True

Sorting effects is an indirect of pay on the composition of workforce

True

Sorting effectt is an indirect of pay on the composititon of workforce

False

Standrad benefits plans are bound to increase employeeawareness of the true costs of benefits and, therefore,increase employee recognition of benefits value,

False

Stockholders see pay as a measure of justice

Job Description can be defined as

Summary reports that identify,define and describe the job as it is actually perfomed

True

The CPI is of publuc interest because changes in it trigger chnages......pensions and food stamp

True

The american with disabilities Act (ADA) requires that the essential elements of a job be included in job descriptions

Top-down budgeting

The budgetary approach in which indivual employee pay for the plan year........

False

The final step in determineing externally competitive pay levels and strcutures is interpreting and applying the survey results

True

The higher pay level relatives to what competitors pay, the greater the relative costs to provide similar products or services

False

A typical board of directions comprises 3 outise the company and 10 inside directors each having a term avering three years

Job-based

A_____ approach controls costs by paing only as much as the work performed is worth,regarless of any great skills the employee may possess

False

Acceptance of job analysis is greates when job analysts conduct one-on-one interviews and observation

Differentiation

According to Michael Porters strategy work,firms that seek to provide a unique and/or innovative product or service at a premium price are said to follow a________ strategy

Defenders

According to miles and snow,firms that operate in stable markets and compete on cost are referred to as______

The fair labor standards Act

According to this act, the catergory of professionals includes any person who has received speficic training......20% time allocation for lower-level duties

False

Alignment is often used in marketing to clarify and communicate a products

True

All organizations that pay people have a compensation strategy

True

As the importance and complexity of job qualifications increase, the geographic limits also increase

False

Avoiding formal communiction is synonymous with avoiding communication

False

Belonging to a union in the public sector to raise males wages more that its raises female wages

Erisa

Beyond typical benefits,many excetives also receive additonal live insurance........ the maximum limits permissible under____ gudilines for qualified pension plans

True

Broad,generic job descriptions increase the flexibility of a job structure

True

By encouranging employess to take charge of their won development,kills based plans may give them more control over their work lives

True

CEO seeking high salaries are more likely to find them in organizations with hierarchical pay structure

Adminstrative

Comparison among individuals per personnel action.... in the text example, this crition which is sued to review appraisal formats referes to the ____ criterion

True

Compensable facors are scaled to reflect the degree to which they are present in each job and weigh to reflect the overall importance to the orgazation

True

Compensable factors and weight were derived using a sample of benchmark jobs

True

Compesation is the key to attracting,retaining,and motivatinf employees with the abilities necessary to execute the bussiness strategy and handle greater decision-making responsibilities

False

Competencies are derived from employees beliefd about the organization and its strategic intent

False

Courts do not favor appraisal systems that give specific written instructions on how to complete the appraisal

Access

Denial of jobs, promotions or tarining opportunities to qualified woman or minorities are examples of _____ discrimination

Affirmative Defense

Difference in pay between men and women doing equal work are legal if these differences are based on any one of four criteria, called_____

True

Differences in productivity are a good rationale for internal pay structures

Which of the following is not factor that affects decisions on pay level and mix

Federl and state laws governing pay rates

True

Focusing only on the incentive aspects of pay can miss the other major mechanism by which pay decisions influence employee behaviors

Egalitarian

Following structures do labor unions prefer

Technicians

For which of the follwoign employee groups is the relevant labir market most likely to be local in geographic scope

Internal alignment

Fostering team culture and emphasizing collaboration falls which of the following compensation

False

From an EEO standpoint,perfomace appraisal are not subject to the same scrunity as employement test

Business Unit

Gaining competitive advantage to the current bussiness is a strategic choice in which of the follwoing

False

Given the choice to match,lead or lag, the most common policy is to lead rates paid by competitos

True

If a lag pay-level policy is coupled with the pormise of higher future retunrs, the combination may increase employee commitment of foster teamwork

LIke Deficient

If the work of a secretaru is jedge by the number of words per minute errors per page, the measure is:

True

In a last few years companies increasingly have been pressured to expenses stock options in their annua reposrts stockholder the real cost of options

False

In a nonunion firm,compensation manager will not adjust rewards even when there is a hint of neraby union ativity

False

In a recession enviroment ,companeies need to react to the decreasing level of slaes by focusing more on the mid- and low level performance

Cost of living adjustments

In contract to merit pay, which of the follwoing gives the same increase to everyone,regarless of performance

True

In standard benefits package,any deviatations in needs simply go unsatisfied

False

In the parable of the vineyard owner, compensation was regarded as fair by the laborers because it was based upon hours each worked

Dollars

In the regression equation,y=a+bx,y refers to:

Paired- comparison

In_____ ranking,each individual is sompared separately, with all others in the work group

False

Increasing evidence supposrts the commonly held belief that the job evaluators gender affects the results

Equity

Internal structures are described in terms of all the following except

True

Leniency errors are the most difficult form of error to eliminate

True

Manageers whose employers use-job based foucs on placing the right people in the right job but a switch to skill/competency based plans reverse this procedure

Total Cash

May be overtstae the competitors pay

False

Minimum wage legislation is intended to provide an income floor for workers in society most productive jobs

True

Most employee benefits are not flexible

False

Most factor scales consist of six to twelve degree

Incentive effect

Motivation,together with employee ability and work/organizational design,determines employee behaviors such as performence.

Cultures and customs

Not an organizational factor

Policy capturing

Once criterion struture is agreed on, statiscal modeling techinques are used to determine the weigh.... This statistical approach is oftern label

The relationshi between worker wages and their managers

One dimension of the wag structure issue invloves

Cross-Functional

One of the schemes suggested in the test, for classying competencies includes all of the following groups excepts

True

One study found that enviroment perfomance deteminant of CEO pay in polluting industries

True

One way to make sure that raters are motivated to rate accurately is to ensure tha managers are rated on how they utilize and dvelop human resources

False

Organizations generally prefer to make benefits options noncontributory,reasoning, that a free good, is always valuable to an employee

False

Outsourcing is not a viable alternative when organizations struggle with activities that do not directly contribute to objectives.

False

People who work in hospiatsl,nursing homes,and child care centers feel that responsibility for people should be used less often as a compensable factor

Which if the follwoing is not a basic assumption of labor market theories

Poeple are heterogeneous and therefore not interchangeable

False

Rather than expand or contract the contingent workforce,most employes achive flexibility and control labor costs

False

Relational returns are an integral part of total compensation

The internal pay structure

Research suggest that focusing on all of the folwloing except_______ is likely to achieve employee and management commitment,trust and acceptance of results

False

Research suggest that rater store information in the form of specific behaviors

False

Scientist and engineers received encentives beyond base pay that tend to average more than 10% of pay

False

Shared choice begins by offering employes choices in the pay mix

False

Short-Term incentives are in the form of stock ownership or options to buy stock at the specified, advantageous prices

False

Single rate afreement diffrentiatevv wages on the basis of seniorty and merit

True

Skill-based plans assume that possessing revelant skills will make it easier too match workflow with staffing levels

False

The major determinant of pay of a senior engineer is most likely the rate other competitors are paying

True

The number of incumbents per job from which to collect data varies witht he stability of the job

True

The nursing relief for disadvantage areas act of 1999 allows qualified hospitals to employ temporary foreign workers as register.....

ADA

The overtime provisionof the ____ requires payment at one-and a half times the standard for working more than 40 hours per week

True

The pay relationship among different jobs within a single orgazation is called internal equity

Level of Work

The reporting relationships of an internal pay structure is part of which of the following

False

The statute of limitations for filing a clian of discrimination is within 150 days

True

The two consequences of external competitivenss are:it affects operating expense and employee attitudes and work behaviors

True

The value of offering employees choices in compensation mix may be offset by employees poor choices and communication costs

True

The vast majority of clauses specifying incentive pay occur in manufacturing( as opposed to nonmanufacturing) industries

Marginal product of labor

The____ is the additional output assoicted with the employment of one addtional prson,with the other production factors held constant.

Human capital

The_____ theory is based on the premise tht higher earning flow to those who improve theor potential productivity by investing in themselves

Compensating differentials

The______theory predicts that work with negative characteristics requires higher pay to attract workers

True

There are no firm rules on how many employers to include in a survey

The revenue reconciliation Act

This 1993 Act limited employer deductions for executives com...... contributions to and benefits from qulaified retirement plans

False

Though in different businesses, Medtronic, Merrill Lynch and Google have very similar pay strategies

Cost Centeres approach

To control spiraling benefits costs,administrators should adopt a_____ which would require policy decisions on the elvel of benefits expenditures acceptable both in the short and long runs

False

To minimize bias by the company performance measures more often tend to be subjective in unionized companies

Public Sector

Today collective barganing is a major force mainly in the

False

Total cash includes long-temr incentives

In todays organizatopns,with an eye toward increasing competitivess and succes______ work is separated from___ work

Transactional,tacit

TRUE

US emloyers are legally obligated to pay social security,unemployment compensation and workers compensation taxes on wages and salaries on behalf of their employees

Wisconsin Fair Employment Act

Under the ____ all meployess are covered and discriminated on the basis of some characteristics

True

Unionized employees have agreater percentage of their total wage bill allocated to employee benefits

Bands

Usually____ are established at the major "Breaks" or differences in work or skill/competency requirements

False

Validity refers to the practicality of the information collected

Clerical

Which if the follwoing occuoational groups are not likely to be categorize as exempt

Equity

Which is the issue that related to the dissacisfaction with government holidays that arises...

Stockholder want healthy return on ivestment

Which of the following is a type of conflict faced by top management

Discriminatory Coverage

Which of the following is not a popular practice to the cost containment

Employee benefits are mandated by legislation

Which of the following is not evidence offered to support the role of employee benefits in retention and motivation

Suppliers

Which of the following is not part of job content

Stockholders

Which of the follwoing individuals are particularly interested in executive pay

Reliability

Which of the follwoing is a measure of the consistency of reults

A deferread wage increase

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

Within these contaurcts it is common to specify that disputed appraislas may be submitted to grieves

Which of the follwoing statements about automatic progression is false

Jobs are least susceptible to outourcing when

Work cannot be routinized

Supervisor ratings

____ten to be more reliable than those form other sources

which if the follwoing statement is true regarding pay grades

all of the jobs within a single grade have the same pay grade

The cost of living is measured

by examing the personla expenditures of each employer

Which if the following is not a requirement for compensation factors to be useful

complaint to NEMA guidelines

A compa-ratio less than 1 means that

employees in a range are paid below the midpoint

Follwoing fashions in programs/techniques is known as

herding

which of the follwoing is a major potential disadvantage of outsourcing

information leaks to rivals and competitors

A benchmark job has all the follwoing characteriscts except

it is ussually the entry-level job in the job hierrachy

Hay factors know-how is the measured on two dimensions______ and _________

scope,depth

Which of the follwoing was the strongest attach by edward Deming agaisnt the appraisal process

the work situation is the major determinant of performance

An organization might used a volume measuree such as number of units,orders,invoices or cash receives if the bussiness goal is

to increase sales growth

Which of the follwoing statements about gain sharing is true

until the plan is actually implemented it is unclear what the impact will be in any particualr firm

Teate

what are the allowances that are part of japanese compensation systems called

Resposibilitites to the organization goals

which of the following doe snot refer to content

Allowances

which of the follwoing is not part of cash compensation


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