Links a companys benchmark jobs with market rates paid by competitors Correct

Links a companys benchmark jobs with market rates

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Links a company's benchmark jobs with market rates paid by competitors (Correct Answer) C. Provides an accurate prediction of an organization's entry level pay rates D. Compares an organization's minimum and maximum pay rates for each skill level Incorrect Q.107) ______________ refers to rules and procedures that determine pay for different jobs in an organization and allocates employees among these jobs. A. Job evaluation B. Pay structure (Your Answer) C. HR policies D. Internal labor market (Correct Answer) Incorrect Q.108) The common feature to all types of incentive plans is ____________ A. A standard of performance used to determine magnitude of incentive pay (Correct Answer)
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B. A sharing formula between worker and employer (Your Answer) C. Penalties for poor performance D. Limits on magnitude of incentive pay Correct Q.109) Which of the following has the greatest effect on a planned level rise when an organization has problems with their ability to pay? A. Raising co-pays and deductibles B. Reduce employment levels (Your Answer) C. Reducing average wage increase D. Increase use of contingent workers Incorrect Q.110) _____________ is the process of systematically determining the relative worth of jobs for the purpose of creating an organization’s job structure. A. Performance evaluation B. Job analysis (Your Answer) C. Job evaluation (Correct Answer) D. Point factor evaluation Incorrect Q.111) ______________ are most likely to seek lower labor costs? A. Shareholders B. Employees (Your Answer) C. Managers (Correct Answer) D. Goverments Incorrect Q.112) _________________ offer(s) a reward pool based upon achieving performance targets and communicates organizational priorities. A. The balanced scorecard (Correct Answer) B. Stock options C. Deferred profit sharing (Your Answer) D. Cash profit sharing Incorrect Q.113) The primary reason compensation is important to managers is because: A. Employees regard it as a reward (Your Answer) B. It influences employee behavior (Correct Answer)
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C. It is a larger cost than benefits D. Stock holders dislike high compensation costs Incorrect Q.114) Which of the following wage components has the clearest line of sight for employees? A. Profit sharing B. Gain sharing (Correct Answer) C. Merit pay (Your Answer) D. Lump-sum bonus Correct Q.115) One of the best ways to ensure that job evaluation plans are as free from sex bias as possible is _______________ A. Define compensable factors and scales to include content of jobs held predominantly by women (Your Answer) B. Use market pricing C. Use the same evaluators for all jobs D. Use an outside consultant do the evaluation Incorrect Q.116) According to expectancy theory, effort level depends on which of these factors? (1) expectancy (2) valence (3) instrumentality (4) reward (5) goals A. 1,2,3 (Correct Answer) B. 2,3,4 (Your Answer) C. 1,4,5 D. 2,5,4 Incorrect Q.117) Which of the following is not true? A. Large pay differences in a top management team are associated with high turnover.
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