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Strategic pay plan

Authored by Diana Wang

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Strategic pay plan
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10 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following are the two main components of employee compensation?

A) Payroll costs and government taxes

B) Direct and indirect financial payments

C) Regular pay and bonuses

D) Salary or wages and overtime pay

E) Earnings and incentives

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Victoria has been a contract worker for a construction company and has just been offered a full-time, non-contract position. She will now receive additional benefits, such as employer-paid insurance and vacation; what are these components of employee compensation called?

A) Indirect deposits

B) Indirect financial payments

C) Variable payments

D) Direct deposits

E) Direct financial payments

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Fareena runs a small manufacturing company. A worker hurt his hand on a vertical grinding machine. Fareena filed the proper legal documents quickly so that the worker could receive benefits while recovering from his injury. Which type of legislation did Fareena adhere to?

A) Pay equity

B) Workers compensation

C) Human rights

D) Overtime pay

E) Pensions

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Justin used to assemble 18 desks per hour during his shift for the furniture company he works for; then he found out that other workers who only assemble 13 to 15 desks per hour were receiving the same compensation as he was. Justin now assembles 14 desks per hour. Which of the following would help to explain Justin's behaviour?

A) Pay scales

B) Workers compensation

C) Human rights

D) Equity theory

E) Piece work

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Julien and Bernard, friends in the same commerce program, find similar summer jobs at different banks at the end of their winter school terms. Julien learns that Bernard's compensation is 11% more than what he is being paid. Julien feels that his employer provides unfair compensation and begins looking for a new job; what is this an example of?

A) Pay equity legislation

B) Controllable equity

C) External equity

D) Comparable equity

E) Internal equity

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Elaine runs a call centre in Calgary. She is worried that her employees will leave for a similar role at another call centre nearby. What tool will help her determine if her employees are being paid competitively?

A) Employee grievances

B) Pay equity legislation

C) Human rights acts

D) Performance appraisals

E) Salary surveys

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Jeffrey is the newly hired HR professional who is responsible for evaluating compensation practices at the company. To determine if there are issues with internal equity, he has chosen to conduct a job evaluation according to the method popularized by the Hay Group consulting firm; which of the following are the compensable factors that this specific method uses in order to evaluate jobs?

A) Skill, effort, problem solving, and working conditions

B) Responsibility, skill, effort, and working conditions

C) Know-how, problem solving, accountability, and working conditions

D) Effort, responsibility, authority, and working conditions

E) Knowledge, problem solving, responsibility, and working conditions

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