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The practice of using fewer pay grades w...View Answer
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A) the average of the comparative ratio for each employee divided by the number of employees
B) the total of the comparative ratio of all employees divided by the number of employees
C) the number of employees divided by the average of the comparative ratio for each employee
D) the number of employees divided by the total of the comparative ratio for each employee
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A) Compensation philosophy
B) Job evaluation
C) Internal focus
D) External focus
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B
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A) It is the process by which all employees' pays decrease significantly in an economic downturn.
B) It occurs when the employer groups employees with different pay grades together.
C) It is frequently a result of labor market pay levels increasing faster than current employees' pay adjustments.
D) It occurs when pay differences among individuals with different levels of experience and performance become large.
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A) Liquidation
B) Sequestration
C) Garnishment
D) Distraint
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C
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A) total individual hourly rates of pay for all employees divided by the total output produced
B) total individual hourly rates of pay for all employees divided by the number of employees
C) total individual hourly rates of pay for all employees divided by the total number of hours worked
D) total individual hourly rates of pay for all employees divided by the total output produced in an hour
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A) Difficulty hiring new employees
B) Lack of fairness in how rewards are distributed among employees
C) Lower attrition levels
D) Reward system based on favoritism
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A
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A compensable factor identifie...View Answer
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A) Loyalty
B) Time
C) Effort
D) Job security
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The entitlement philosophy assumes that ...View Answer
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Job evaluation is a formal, sy...View Answer
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A) Market scaling
B) Market pegging
C) Market lining
D) Market banding
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The basic compensation that an...View Answer
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A) They are paid above the range set for a job.
B) They are paid below the range set for a job.
C) They are paid on par with the range set for the job.
D) Their pay is not determined by the ranges set for a job.
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A) In this method, descriptions of each group of jobs are written and then each job is put into a grade according to the group it best matches.
B) It is time-consuming and difficult to use, which accounts for its limited popularity in organizations.
C) It uses subjective judgments to develop the class descriptions and to place jobs accurately in them.
D) It is a qualitative method that combines the classification and ranking methods.
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Some employers have shifted to more pay-...View Answer
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