STUDY GUIDE CH 11, 12, 13

STUDY GUIDE CH 11, 12, 13 - STUDY GUIDE FOR CH 11, 12 &...

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I. CHAPTER 11 KEY TERMS AND CONCEPTS Equity Theory and its effects Pay Level Market (wage or salary) Surveys Rate Ranges (COMPA ratio) Compensable factors and their relationship to Business Unit Strategy (Strategic Congruence) Employee participation and communication Equal Pay Act and EEO law for compensation Fair Labor Standards Act. (Basic provisions such as overtime, etc.) Example Questions a. What are likely consequences if a person is inequitably underpaid? Inequitably over paid? Specify what “Equity” is. b. What does it mean to have a pay or job structure that has internal equity? c. What roles do the product market and the labor market play in compensation? d. How might the firm pay for jobs relative to market pay? What are the advantages and disadvantages to leading, matching and lagging the labor market? e. On what basis might firms pay men and women (doing the same job) differently under the equal pay act? f.
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STUDY GUIDE CH 11, 12, 13 - STUDY GUIDE FOR CH 11, 12 &...

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