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Question 1
1.
A company which wishes to attract highly skilled employees would tend to follow which pay policy?
Answer
Lead
Lead/Lag
Lag
Unweighted means
2 points
Question 2
1.
Joe is a mechanic and has a compa-ratio of 0.90. This means that his pay:
2. Answer
Is 10% above the intended pay policy
Is 90% of minimum
Is 90% of maximum
Is 90% of midpoint
2 points
Question 3
1.
This occurs when the pay range of a lower level position overlaps a higher level position too much 2. Answer
Fruit basket upset
Regression
A lag pay policy
Compression
2 points
Question 4
1.
The organization's pay relative to its competitors:
2. Answer
Broadbanding
Internal equity
External competitiveness
Regession
2 points
Question 5
1.
In determining internal job structure, what is the correct order for the process?
2. Answer
Job analysis, job evaluation, job descriptions, job structure
Job analysis, job descriptions, job evaluation, job structure
Job descriptions, job analysis, job structure, job evaluation
Job descriptions, job analysis, job evaluation, job structure
2 points
Question 6
1.
According to the efficiency wage theory: 2. Answer
Efficiency increases by hiring better employees
Efficiency is affected by the law of diminishing returns
Efficiency is the net result of of the advantages and disadvantages of compensating differentials
Signals that employers deliberately design pay levels and mix as part of the strategy that signals the kinds of pay that are sought
2 points
Question 7
1.
"Pay directs and motivates employee performance" describes the Expectancy Motivation Theory?
2. Answer True False
2 points
Question 8
1.
Discuss the compensation choices that
Question 1
1.
A company which wishes to attract highly skilled employees would tend to follow which pay policy?
Answer
Lead
Lead/Lag
Lag
Unweighted means
2 points
Question 2
1.
Joe is a mechanic and has a compa-ratio of 0.90. This means that his pay:
2. Answer
Is 10% above the intended pay policy
Is 90% of minimum
Is 90% of maximum
Is 90% of midpoint
2 points
Question 3
1.
This occurs when the pay range of a lower level position overlaps a higher level position too much 2. Answer
Fruit basket upset
Regression
A lag pay policy
Compression
2 points
Question 4
1.
The organization's pay relative to its competitors:
2. Answer
Broadbanding
Internal equity
External competitiveness
Regession
2 points
Question 5
1.
In determining internal job structure, what is the correct order for the process?
2. Answer
Job analysis, job evaluation, job descriptions, job structure
Job analysis, job descriptions, job evaluation, job structure
Job descriptions, job analysis, job structure, job evaluation
Job descriptions, job analysis, job evaluation, job structure
2 points
Question 6
1.
According to the efficiency wage theory: 2. Answer
Efficiency increases by hiring better employees
Efficiency is affected by the law of diminishing returns
Efficiency is the net result of of the advantages and disadvantages of compensating differentials
Signals that employers deliberately design pay levels and mix as part of the strategy that signals the kinds of pay that are sought
2 points
Question 7
1.
"Pay directs and motivates employee performance" describes the Expectancy Motivation Theory?
2. Answer True False
2 points
Question 8
1.
Discuss the compensation choices that
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