20 câu hỏi
This clearly defines the relative value of each job among all jobs within a company.
internally consistent compensation system
market comparison standards
generalized work activities
intra-organizational job markers
Midpoint, minimum, and maximum are values used to define which of the following?
pay grades
pay ranges
pay levels
pay structures
If the company adopts a market lead policy, how will that company's pay range midpoint compare to the market average?
There is not enough information to make this determination.
The midpoint will be lower than the market average.
The midpoint will be the same as the market average.
The midpoint will be higher than the market average.
The HR manager of a company thinks that they have too many narrow pay grades within the organization. By getting the support from upper management, the manager decided to consolidate existing pay grades and ranges into fewer pay grades and broader pay ranges in order to create a flatter organization in terms of compensation. This is an example of which pay structure variation?
multiple-tier pay system
pay compression
broadbanding
two-tier pay system
Gainsharing is an incentive plan that_______
uses a trust to hold stock in individual employee accounts and distributes it to employees upon retirement
contributes company shares of its own stock or cash to be used to purchase company stock to a trust established to purchase shares of the firm's stock for employees
involves the firm regularly distributing a percentage of profits as profit shares to employees
provides tax advantages for employees by deferring income taxes, often until the employee retires
engages employees in a common effort to achieve a company's productivity objectives with any resulting cost-savings gains shared among employees and the company
Jason works at a call center for an insurance company, and he has been answering calls regarding auto insurance. Recently, he started to attend a training program about home insurance. Upon successful completion of this training program, Jason will be able to handle home insurance questions and queries as well. If this insurance company has a compensation policy that rewards Jason's completion of this training, then what type of pay system does it employ?
incentive pay
merit pay
pay-for-knowledge
seniority pay
These compensation systems go a long way in attracting and retaining the most qualified employees and are based upon market and compensation surveys.
internally consistent compensation systems
market-competitive pay systems
job evaluation compensation systems
externally consistent compensation systems
Which of the following are the two main reasons given for adopting person-focused programs?
market monopolies and lower labor costs
market monopolies and company turnover
smaller labor markets and strategic outlines
technological innovations and increased global competition
Which of the following is a characteristic of job-based pay?
It rewards employees on their promise to make positive contributions to the work place.
A reward is based on the successful acquisition of work-related skills or knowledge.
It compensates employees for the number of jobs in which they possess the skills to perform.
It compensates employees for the jobs they currently perform.
Which of the following represents the pay rate differences for jobs and employee contributions of unequal worth to a company?
merit pay
retention pay
incentive pay
pay structures
Which of the following is true about the level of risk involved with incentive pay?
It is lower for higher-level employees than for lower-level employees.
It is dependent on subjective performance appraisals.
It depends on the extent to which employees control the attainment of a desired goal.
It decreases as incentive pay represents a greater proportion of total core compensation
Which of the following describes job duties, tasks, and relevant factors needed to perform a job adequately?
job summary
job context
job content
job structure
This type of individual incentive plan rewards employees who recruit new customers or new employees.
piecework
management incentive
referral
behavior encouragement
Which is the fundamental principle of internally consistent compensation systems?
Pay rates should mirror pay rate differences among the competition.
Jobs that require higher qualifications should be paid more than jobs that require lower qualifications.
All jobs should be valued according to neeD.
All jobs should be valued equally because every job directly contributes to competitive advantage
Which of the following entails an examination of a company's external market context and internal factors?
compensation plan
regression analysis
compensation survey
strategic analysis
Compensation professionals integrate the internal job structure with the external market pay rates identified through compensation surveys, and this integration reveals which of the following?
changes in employee benefits over time
pay rates that reflect both the company's and the external market's valuations of jobs
changes in wages and salaries over time
changes in labor costs between geographic locations
These are used as reference points for setting pay levels.
benchmark jobs
median pay
mean pay
market-competitive pay
When using compensation survey data, statistical analyses are used to integrate this with the external market, in order to determine pay rates.
internal pay scales
internal pay benchmarks
nominal pay rates
internal job structures
The XYZ Company is a world leader in medical device manufacturing. Aiming to continue its market position in this industry, the XYZ Company pursues a differentiation strategy. As a result, this company compensates its employees higher than competitors in order to attract and retain the best employees. What kind of pay level policy does the XYZ Company follow?
market match
market lead
market pay line
market lag
For the purpose of applying pay policies, this term refers to the groupings of jobs based on compensable factors.
pay ranges
pay grades
market lines
market-competitive pay structures