______ is a function of the value of the product or service that the organization sells to the customer.
Answer
Correct Answer:
Pay structure
Note: This Question is unanswered, help us to find answer for this one
______ is the process of changing the company structure to get rid of some of the vertical hierarchy (reporting levels) in an organization.
Answer
Correct Answer:
Delayering
Note: This Question is unanswered, help us to find answer for this one
______ of job evaluation break a job down into components then apply points to each of the factors based on that factor’s difficulty.
Answer
Correct Answer:
Point-factor methods
Note: This Question is unanswered, help us to find answer for this one
The process of determining the worth of each position relative to the other positions within the organization is referred to as ______.
Answer
Correct Answer:
Job evaluation
Note: This Question is unanswered, help us to find answer for this one
When jobs are distinctly different but entail similar levels of ability, responsibility, skills, and working conditions, they are of equal value and should have the same pay scale. This is the concept of ______.
Answer
Correct Answer:
Comparable worth
Note: This Question is unanswered, help us to find answer for this one
______ is a higher-than-minimum, federally mandated wage, required for nonexempt employees if they work more than a certain number of hours in a week.
Answer
Correct Answer:
Overtime
Note: This Question is unanswered, help us to find answer for this one
______ is the lowest hourly rate of pay generally permissible by federal law.
Answer
Correct Answer:
Minimum wage
Note: This Question is unanswered, help us to find answer for this one
To attract better workers and enhance an organization’s employment brand, adopting a(n) ______ organizational philosophy on compensation could be helpful.
Answer
Correct Answer:
Above-the-market
Note: This Question is unanswered, help us to find answer for this one
______ is(are) not one of the four basic components of compensation.
Answer
Correct Answer:
Expectancy pay
Note: This Question is unanswered, help us to find answer for this one
Peyton and Annabelle are planning to hire some new workers for the coffee shop. Before placing a job ad, they are trying to figure out what they can afford to pay. Peyton and Annabelle are working on the ______ portion of their organizational philosophy on compensation.
Answer
Correct Answer:
Ability to pay
Note: This Question is unanswered, help us to find answer for this one
______ suggests that employees are motivated to perform a task when they believe they can accomplish it and when the rewards for doing so are worth the effort.
Answer
Correct Answer:
Expectancy theory
Note: This Question is unanswered, help us to find answer for this one
______ is the total of an employee’s pay and benefits.
Answer
Correct Answer:
Compensation
Note: This Question is unanswered, help us to find answer for this one
The ______ and midpoint of pay for a certain group of jobs.
Answer
Correct Answer:
Maximum & minimum,
Note: This Question is unanswered, help us to find answer for this one
Define Wage compression
Answer
Correct Answer:
When new employees require higher starting pay than the historical norm, causing narrowing of the pay gap between experienced and new employees.
Note: This Question is unanswered, help us to find answer for this one
_____is a hierarchy of jobs and their rates of pay within the organization.
Answer
Correct Answer:
Pay structure
Note: This Question is unanswered, help us to find answer for this one
Overtime is a higher than minimum, federally mandated wage, required for nonexempt employees if they work more than a certain number of hours in a week
Answer
Correct Answer:
True
Note: This Question is unanswered, help us to find answer for this one
The lowest hourly rate of pay generally permissible by federal law is known as
Answer
Correct Answer:
Both a & c
Note: This Question is unanswered, help us to find answer for this one
Process of determining the worth of each position relative to the other positions within the organization
Answer
Correct Answer:
Job evaluation
Note: This Question is unanswered, help us to find answer for this one
A theory proposing that employees are motivated when they believe they can accomplish a task and that the rewards for doing so are worth the effort is known as
Answer
Correct Answer:
Expectancy theory
Note: This Question is unanswered, help us to find answer for this one
An equity theory of motivation applies to employees who are often
Answer
Correct Answer:
Underpaid
Note: This Question is unanswered, help us to find answer for this one
The process of changing the company structure to get rid of some of the vertical hierarchy (reporting levels) in an organization is known as
Answer
Correct Answer:
Delayering
Note: This Question is unanswered, help us to find answer for this one
value and desire and that the employer is willing and able to offer in exchange.this statement correct for
Answer
Correct Answer:
Compensation system
Note: This Question is unanswered, help us to find answer for this one
Broadbanding is Combining multiple pay levels into one.
Answer
Correct Answer:
True
Note: This Question is unanswered, help us to find answer for this one
More Human Resource Management (Fundamentals) Subjects
