Week 9 Flashcards
From the perspective of a manager, compensation is
Question options:
a) a measure of justice
b) a mean to influence employees’ behaviours
c) a source of financial security
d) a measure of their status and success
B
The pay relationship among organisations, an organisation’s pay relative to its competitors is known as
Question options:
a) job equity
b) competitor equity
c) internal equity
d) external equity
D
The ordering of jobs based on their content or relative value - the relative pay for the different jobs within the organisation is called
Question options:
a) pay rates
b) job structure
c) pay structure
d) pay level
B
The equity theory was developed by social scientists to describe
Question options:
a) the happiness level of people working in an organisation
b) how people make judgements about fairness of their pay
c) how people negotiate for their salaries
d) how people monitor and track their career and income growth
B
Ordering job descriptions from highest to lowest based on a definition of relative value or contribution to an organisation’s success is known as the
Question options:
a) ranking method
b) comparison method
c) stacking method
d) classification method
A
The job evaluation method of comparing a job description to a series of classes (labels) to decide which class is the best fit for that job is called the
Question options:
a) point method
b) slotting method
c) ranking method
d) classification method
D
The market pricing job evaluation method
Question options:
a) emphasize on similar compensable factors in the market place
b) emphasize external competitiveness and deemphasize internal alignment
c) emphasize on similar points for similar jobs in the market
d) emphasize on internal alignment and deemphasize external competitiveness
B
Which of the following job evaluation method has the greatest level of complexity?
Question options:
a) point method
b) market pricing
c) ranking
d) classification
A
Sets of jobs having similar worth or content, grouped together to establish rates of pay is known as
Question options:
a) pay rates
b) pay ranges
c) pay policy line
d) pay grades
D
An ordering of jobs based on their content or relative value highlighting the relative pay for different jobs within the organisation is a
Question options:
a) job grade
b) job differentials
c) job structure
d) job range
C
Adjustments to a pay rate to reflect differences in working conditions or labour markets is known as
Question options:
a) pay premiums
b) pay differentials
c) pay protection
d) pay compensation
B
The formula for compa-ratio is
Question options:
a) monthly salary divided by annual salary
b) salary divided by the range’s minimum
c) salary divided by the range’s maximum
d) salary divided by the range’s mid-point
D
The formula Employee pay/Market Value for Job at your Target Percentile is for calculating the
Question options:
a) compa-ratio
b) range spread
c) range penetration
d) market ratio
D
When the pay is at a rate that falls below the pay range for the job, it is known as the
Question options:
a) red circle rate
b) yellow circle rate
c) green circle rate
d) blue circle rate
C
A program which measures increases in productivity and effectiveness and distributes a portion of each gain to employees is called
Question options:
a) gainsharing
b) group bonus
c) profit sharing
d) bonus sharing
A
