equity

41) What type of equity is a manager most likely trying to maintain through the use of performance appraisals and incentive pay?

A) internal

B) external

C) individual

D) procedural

 

42) Beth, a small business owner, wants to ensure external equity when establishing pay rates. Beth should most likely ________.

A) use wage curves to price each pay grade

B) compare performance appraisals

C) conduct a salary survey

D) check online pay sites

43) Homelife, a national chain of high-end furniture stores, employs nearly 800 workers. In the past few years, the company's market share has dropped significantly, and employee turnover has increased. Upper management is considering the implementation of a new compensation policy in its efforts to turn the company around. Historically, the company has paid all employees similarly with some variation for seniority but no distinction between high and low performers.

 

Which of the following, if true, best supports the argument that Homelife executives should primarily address internal equity issues when developing a new compensation plan?

A) Homelife employees receive annual performance appraisals at which time they set career goals.

B) Salary surveys indicate dissatisfaction among the Homelife managers in different departments.

C) Online pay sites show the pay range for sales associates at both Homelife and its competitors.

D) Homelife pays its sales managers commissions in addition to base salaries and health benefits.

44) Homelife, a national chain of high-end furniture stores, employs nearly 800 workers. In the past few years, the company's market share has dropped significantly, and employee turnover has increased. Upper management is considering the implementation of a new compensation policy in its efforts to turn the company around. Historically, the company has paid all employees similarly with some variation for seniority but no distinction between high and low performers.

 

Which of the following, if true, best supports the argument that Homelife should distribute salary surveys before establishing new pay rates?

A) Homelife executives want to identify benchmark jobs before determining the worth of other jobs.

B) Homelife executives plan to use the compensable factors emphasized by the Equal Pay Act.

C) Computerized job evaluation systems will be used by Homelife to generate questionnaires.

D) A wage curve needs to be established by Homelife for the purpose of federal compliance.

 

45) Which of the following is used to anchor the employer's pay scale?

A) grades

B) job metric

C) benchmark job

D) human resource metric

46) Which of the following terms refers to a systematic comparison done in order to determine the worth of one job relative to another?

A) job analysis

B) job evaluation

C) job description

D) job classification

 

47) Which of the following is NOT one of the compensable factors emphasized in the Equal Pay Act?

A) skills

B) accountability

C) responsibility

D) working conditions

 

48) Central basic factors that establish how several jobs compare to one another and that determine the pay for each job are called ________.

A) compensable factors

B) job evaluation factors

C) ranking factors

D) analysis factors

49) In most cases, the majority of the voting members on a job evaluation committee are ________.

A) managers

B) employees

C) HR specialists

D) union representatives

 

50) Which of the following is NOT one of the typical methods used by job evaluation committees to determine the worth of a job?

A) ranking

B) point method

C) job classification

D) paired comparison