p 633 Generally management prefers a higher proportion of variable pay versus

P 633 generally management prefers a higher

This preview shows page 32 - 35 out of 38 pages.

64.(p. 633)Generally, management prefers a higher proportion of variable pay versus base wages and salary. Difficulty: Easy 65.(p. 636)Manager self-service answers questions, explains compensation policy, and explains how systems affect their pay. Difficulty: Easy 66.(p. 637)Employees in companies with open pay systems express higher satisfaction with their pay system but not their pay than employees in more secret pay systems. Difficulty: Difficult 67.(p. 637)A key reason to communicate pay information is that the goodwill engendered by the act of being open about pay may also affect perceptions of pay equity. Difficulty: Medium 18-32
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Chapter 18 - Management: Making it Work 68.(p. 638)The final step in the compensation communication cycle is conducting the communication sessions. Difficulty: Medium 69.(p. 640)If a pay system is not based upon work-related or business-related logic, it is best to not conduct a formal compensation communication program. Difficulty: Medium 70.(p. 640)The most important components of a pay communication program are the business- and work-related rationales on which the system is based. Difficulty: Easy Short Answer Questions 71.(p. 622)What are the potential problems associated with headcount reductions? Difficulty: Medium 18-33
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Chapter 18 - Management: Making it Work 72.(p. 625)What is the top-down method of budgeting?
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  • Spring '11
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  • Management, Salary, Employment compensation

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