Compensation policy choices that affect the pay
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
Hourly compensation
costs for production workers in manufacturing are higher in _______ than in the
United States
·
Germany
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 large employers to offer health insurance to their
employees
The degree to which
pay influences individual and aggregate motivation among employees at any point
in time is referred to as an _______.
·
incentive affect
Which of the following
is an example of a relational return? (These are all examples)
recognition and
status, employment security, challenging work, and learning
·
opportunities
Which of the following
is given as an increment to the base pay in recognition of past work behavior?
·
merit pay
Which form of pay does
not permanently increase labor costs?
·
incentive pay
Recent surveys show
that, on average, an outstanding performer receives a _____ merit increase, an
average performer receives a _____ merit increase, and a poor performer a _____
merit increase.
·
4.4%, 2.8%, 0.4%
Variable pay may also
be called ________.
·
incentives
Which of the following
is often the largest component in an executive pay package?
·
stock options
Among employers that
provide health insurance, the cost to provide family coverage per year per
employee is approximately ______.
·
$16,000
Incentives do not
permanently increase labor costs because ______.
·
they are one time
payments
A difference between
incentives and merit increases is that incentives ______.
·
do not increase the
base wage, whereas merit does increase the base wage
Which of the following
is a fundamental objective and NOT a policy in the pay model?
·
efficiency, fairness,
compliance, ethics
Which of the following
is a policy and NOT an objective in the pay model?
·
internal alignment,
competitiveness, contributions, management
Incentives and merit
guidelines are techniques of the _____ policy of the pay model.
·
employee contributions
_____ refers to
comparisons among jobs or skills inside a single organization.
·
Internal alignment
In the context of pay
relationships, which of the following is illegal in the United States? (List
LEGAL, determine illegal)
·
legal: paying on the
basis of the nature of the job, paying on the basis of pay comparison with competitors,
paying on the basis of one's skill level
Managers seek internal
alignment within their organization by _______.
·
paying on the basis of
similarity among jobs
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
The decision to
implement pay for performance, flat rate pay, and profit sharing are examples
of ____ policy decisions.
·
employee contributions
According to the text,
which of the following decisions should be made jointly?
·
external
competitiveness and employee contribution decisions
Which of the following
policy decisions directly affects employees' attitudes and work behaviors?
·
employee contributions
You are an 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
Which of the following
is NOT a question to ask for determining if research has value? (List CORRECT
questions, determine incorrect)
·
Correct questions: is
the research useful? can alternative questions be ruled out? is correlation
separated from causation?
A measure of how
changes in one variable are related to changes in another variable is the ____.
·
correlation
coefficient
The best way to
establish ____ is to account for competing explanations either statistically or
through control groups.
·
causation
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