Challenges Facing Compensation Professionals

Nominal hourly compensation measures:

• A. the purchasing power of a dollar

• B. the face value of a dollar

• C. the face nominal pays of a dollar

• D. the purchasing value of a dollar

Which of the following is an example of malemployment?

• A person holding a bachelor’s degree in psychology whose job is a full-time grocery store clerk is considered to be malemployed

• A person holding a bachelor’s degree in psychology whose job is a part-time psychologist is considered to be malemployed

• A person holding a bachelor’s degree in psychology whose job is full-time psychologist is considered to be malemployed

• A person holding a bachelor’s degree in psychology whose job is a part-time grocery store clerk is considered to be malemployed

Who plays a formal role in determining salary executive compensation?

• Human Resource Manager

• Department Managers

• Company Boards of Directors

• Workers in the organization

Which of the following is evidence of economic recession?

• Increased gross domestic product (GDP)

• Reduced unemployment rates

• General acceleration in economic activity

• Reduced GDP and increased unemployment rates

What factor contribute to a recession?

• Surge in consumer spending

• Escalated production levels

• Reduced consumer spending

• Heightened demand for products and services across industries

What is the main objective of health care reform?

• Promote an increase in uninsured residents

• Maintain the current number of uninsured residents

• Have no impact on the uninsured population

• Reduce the number of uninsured residents

There are two reasons that can explain the compensation-productivity gap, namely high employment and experienced profit losses.

• TRUE

• FALSE

Labor force diversity situation is not influenced by the change of workforce demographic.

• TRUE

• FALSE

Real hourly compensation measures the purchasing power of a dollar.

• TRUE

• FALSE

It is inaccurate to state that challenges in healthcare reform include the additional of requirements, influence, being expensive, and increased costs.

• TRUE

• FALSE