p 351 New pay concepts such as skill or knowledge based pay require that human

P 351 new pay concepts such as skill or knowledge

This preview shows page 65 - 68 out of 91 pages.

(p. 351)New pay concepts such as skill or knowledge-based pay require that human resource departments do all of the following exceptA. identify the tasks that have to be performedB. identify skills required to completetasksC. price skills for pay ratesD. ideally, provide incentives for continuous horizontal and vertical learningE.be prepared to significantly enlarge the workforceDifficulty: MediumLearning Objective: 09-06 Explain the major approaches to group incentive plans.Schwind - Chapter 09 #6263.(p. 352)The compensation model known as the "total reward model" A.rewards everything an employee values including social interaction and workloadB. is based on a performance linked compensation approachC. encourages employees to broaden their skills and abilitiesD. pays employees based on the total output of their work groupE. bases an employee's compensation on a combination of fixed and variable payDifficulty: MediumLearning Objective: 09-07 Define total compensation.Schwind - Chapter 09 #63
Background image
64.(p. 353)Consolidating a large number of pay grades into a fewer number of (larger) categories is called A.broadbandingB. widebandingC. flatstructuringD. de-gradingE. wage rationalizationDifficulty: MediumLearning Objective: 09-07 Define total compensation.Schwind - Chapter 09 #6465.(p. 355)In order to develop a strategic pay plan, Lawler suggests concentrating on a limited number of areas that affect pay systems. That number is A. five (5)B.seven (7)C. four (4)D. eight (8)E. three (3)Difficulty: MediumLearning Objective: 09-08 Describe pay and organizational strategy.Schwind - Chapter 09 #65
Background image
66.(p. 355)According to Lawler all the following areas that affect pay systems should be givenparticular importance exceptA. relate rewards to performanceB. motivate skill and knowledge developmentC. foster attraction and retentionD. identify valued rewardsE.establish year-end bonusesDifficulty: MediumLearning Objective: 09-08 Describe pay and organizational strategy.Schwind - Chapter 09 #6667.(p. 331)Compensation does not include non-cash rewards employees receive in exchange for their work . FALSEDifficulty: MediumLearning Objective: 09-01 Explain the objectives of effective compensation management.Schwind - Chapter 09 #6768.(p. 331)Compensation programs help to maintain an organization's human resources. TRUEDifficulty: MediumLearning Objective: 09-01 Explain the objectives of effective compensation management.Schwind - Chapter 09 #6869.(p. 331)Employee dissatisfaction can arise because needs are affected by both relative and absolute levels of pay. TRUEDifficulty: EasyLearning Objective: 09-01 Explain the objectives of effective compensation management.Schwind - Chapter 09 #6970.(p. 331)When relative pay is too low, employees cannot meet their physiological and security needs. FALSEDifficulty: MediumLearning Objective: 09-01 Explain the objectives of effective compensation management.
Background image
Image of page 68

You've reached the end of your free preview.

Want to read all 91 pages?

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture