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63.(p. 514)Pay-for-knowledge plans pay new employees for the skills that they have learned at their previous employment or at recognized education school. Difficulty: Medium64.(p. 514)An employee stock ownership plan exchanges part of an employee's base wage for part ownership in a company. Difficulty: Easy65.(p. 515)Profit-sharing plans are designed to align workers and management in efforts to streamline operations and cut costs. Difficulty: Medium66.(p. 515)There are numerous possible costs and benefits to union members for agreeing to a gain-sharing plan. Difficulty: Medium
Chapter 15 - Union Role In Wage And Salary Administration67.(p. 515)Most unions would agree that profit-sharing plans benefit employees. Difficulty: Medium68.(p. 515)Introduction of a profit-sharing plan is particularly effective when union members participate in plan development. Difficulty: Medium69.(p. 517)Other countries making inroads to product areas that were traditionally the sole domain of American companies have affected the compensation strategies of companies. Difficulty: Medium70.(p. 517)Unions believe compensation packages should never make cuts in the traditional forms of wages in exchange for compensation tied more closely to the success of the firm. Difficulty: Medium
Chapter 15 - Union Role In Wage And Salary AdministrationShort Answer Questions71.(p. 505)What are the reasons for the decline in unionization? Four popular explanations are usually offered for the decline in unionization: (1) The structure of American industry is changing, and declining industries are most heavily unionized, while growing industries are less so. (2) Unionization may be declining because workers do not view unions as a solution to their problems. (3) There has been reduced intensity of union organizing efforts. (4) Management is taking an increasingly hard stance against unions in general and union demands in particular.Difficulty: Medium15-33
Chapter 15 - Union Role In Wage And Salary Administration72.(p. 506-508)Briefly summarize the impact of unions on general wages levels. Do unions raise wages? Are unionized employees better off than they would be if they were nonunion? Several measurement problems are difficult to overcome. The ideal situation