chapter 11

Question 1

all forms of pay or rewards going to employees and arising from their employment

Answer 1

employee compensation

Question 2

pay in the form of wages, salaries, incentives, commissions, and bonuses

Answer 2

direct financial payments

Question 3

pay int eh form of financial benefits such as insurance

Answer 3

indirect financial payments

Question 4

1931 law that sets wage rates for laborers employed by conractors working for the federal government

Answer 4

davis-bacon act

Question 5

a 1936 law that requires minimum wage and working conditions for employees working on any government contract amounting to more than $10,000

Answer 5

walsh-healey public contract act

Question 6

this act makes it unlawful for employers to discriminate against any individual with respect to hiring, compensation, terms, conditions, or privileges of employment because of race, color, religion, sex, or national origin

Answer 6

title vii of the 1964 civil rights act

Question 7

this 1938 act provides for minimum wages, maximum hours, overtime pay, and child labor protection. The law, amended many times, covers most employees

Answer 7

fair labor standards act

Question 8

a 1963 amendment to the fair labor standards act designed to require equal pay for women doing the same work as men

Answer 8

equal pay act

Question 9

the 1974 law that provides government protection of pensions for all employees with company pension plans. it also regulates vesting rights

Answer 9

employee retirement income security act

Question 10

a systematic comparison done in order to determine the worth of one job relative to another

Answer 10

job evaluation

Question 11

a fundamental, compensable element of a job, such as skills, effort, responsibility, and working conditions

Answer 11

compensable factor

Question 12

the simplest method of job evaluation that involves ranking each job relative to all other jobs, usually based on overall difficulty

Answer 12

ranking method

Question 13

a job that is used to anchor the employers pay scale and round which other jobs are arranged in order of relative worth

Answer 13

benchmark job

Question 14

a method for categorizing jobs into groups

Answer 14

job classification or job grading

Question 15

grouping jobs based on a set of rules for each group or class, such as amount of independent judgement, skill, physical effort, and so forth, required. classes usually contain similar jobs

Answer 15

classes

Question 16

a job classification system like the rules for each group or class, such as amount of independent judgement, skill, physical effort, and so forth, required

Answer 16

grades

Question 17

written descriptions of the level of say, responsibility and knowledge required by jobs in each grade

Answer 17

grade definition

Question 18

the job evaluation method in which a number of compensable factors are identified and then the degree to which each of these factors is present on the job is determined

Answer 18

point method

Question 19

a pay system in which the employers actual pay rates are competitive with those in the relevant labor market

Answer 19

market ompetitive pay system

Question 20

shows the relationship between the value of the job and the average wage paid for this job

Answer 20

wage curve

Question 21

a survey aimed at determining prevailing wage rates. a good salary survey provides specific wage rates for specific jobs. formal written questionnaire surveys are the most comprehensive, but telephone surveys an newspaper ads are also sources of information

Answer 21

salary survey

Question 22

equals an employees pay rate divided by the pay range midpoint for his or her pay grade

Answer 22

compa ratio

Question 23

a pay grade is comprised of jobs of approximately equal difficulty

Answer 23

pay or wage grade

Question 24

a series of steps or levels within a pay grade, usually based upon years of service

Answer 24

pay or rate ranges

Question 25

where the company pays for the employees range, depth, and types of skills and knowledge, rather than for the job title he or she holds

Answer 25

competency-based pay

Question 26

consolidating salary grades and ranges into just a few wide levels or bands, each of which contains a relatively wide range of jobs and salary levels

Answer 26

broad banding

Question 27

the concept by which women who are usually paid less than men can claim that men in comparable rather than in strictly equal jobs are paid more

Answer 27

comparable worth