module 2:contextual influences on compensation practice

Question 1

represent the pattern of pay and benefits associated w characteristics of industries. industry wage differentials can be attributed to a number of factord, including the industry’s product market, the degree of capital intensity, the profitability of the industry and unionization of the workforce

Answer 1

interindustry wage differentials

Question 2

group of jobs, found at more than one company in which a common set of tasks are performed or are related in terms of similar objectives, methodologies, matierals, products, worker action or worker characteristics

Answer 2

occupation

Question 3

establishes employees’ right to bargain collectively on such issues as wages, work hours and working conditions

Answer 3

NLRA

Question 4

written document that describes the terms of employment approved by management and employees during negotiations

Answer 4

collective bargaining agreement