The major potential advantage of outsourcing

The major potential advantage of outsourcing

Which of the following is NOT a likely consequence of a highly decentralized pay system?

 

·         Financial malfeasance is completely eliminated.

 

Total compensation in many organizations makes up at least _____ percent of operating expenses.

 

·         50

 

The average company match for 401(k) retirement plan is _____ cents on the dollar up to 6 percent of pay.

 

·         50

 

A major advantage of a _____ is that it reduces benefits costs, something that the other cost-cutting options ordinarily do not achieve.

 

·         reduction in force

 

All of the following are adverse effects of layoffs EXCEPT _____.

 

·         decreased unemployment insurance tax rates

 

The _____ often comes into play if organizations target reductions among higher paid employees because higher paid employees also tend to be older employees.

 

·         ADEA

 

Which of the following is NOT a potential problem with headcount reductions?

 

·         RIFs are very costly in tangible terms in the long run due to decreases in unemployment insurance tax rate.

 

_____ is the budgetary approach that begins with an estimate from the highest ranking executives of the pay increase budget for an entire organization.

 

·         Top-down budgeting

 

If financially troubled employers have NOT been able to maintain competitive market positions, the conventional response has been to _____.

 

·         reduce employment

.

The denominator for calculating the current year's pay rise is _____.

 

·         average pay at the beginning of the year

 

The _____ recognizes the fact that when people leave an organization, they typically are replaced by employees who earn a lower wage.

 

·         turnover effect

 

Changes in wages in labor markets are measured _____.

 

·         through pay surveys

 

Which of the following is a measure of changes in prices of goods and services in the product and service markets over time?

Consumer price index

 

If Philadelphia has a CPI of 165 and Houston has a CPI of 145, and if both cities started with bases of 100, it means that _____.

 

·         prices have risen faster in Philadelphia since the base year than in Houston

 

The compa-ratio reflects the _____.

 

·         relationship of the average actual salary in each range to the midpoint of the range

 

GronLan Inc., a company with a majority of workers with high seniority, decides to hire 1,000 college graduates to meet the sudden productivity requirements generated by a growth in the market. Which of the following statements is most likely to be happen in this situation?

 

·         The average pay actually paid by the company will fall below its range midpoint.

 

Which of the following statements about anchoring/framing is true?

 

·         It states that initial data strongly affect decisions/beliefs.

 

_____, designed for employees or managers, explain compensation policies and practices, answer frequently asked questions, and explain how these systems affect their pay.

 

·         Communication portals

 

The major potential advantage of outsourcing is _____.

 

·         increased cost savings