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WorksheetsCompensation Chapter 2 & 3
Total questions: 8
Worksheet time: 3mins
According to the pay model, the strategic compensation decisions regarding management involve:
how the different types and levels of skills and work should be paid within the organization
how total compensation should be positioned against competitors
how pay increases should be based
how open and transparent the pay decisions should be to all employees
A customer-focused business strategy:
stresses new products and short response times to market trends
focuses on business practice that results in better performance than one's competitors
stresses delighting customers and bases employee pay on how well they do this
places less emphasis on evaluating skills and jobs and more emphasis on incentives to encourage innovations
Which of the following pay strategies is a source of competitive advantage?
a pay strategy that adds value and is difficult for employers to imitate
a pay strategy that specifies low base pay and high job security
a pay strategy that ignores individual attitudes and preferences
a pay strategy that overemphasizes on outstanding employee performance and commitment
"How much does pay differ among job levels and how well does compensation support career growth" relates to (a) strategic policy dimension of the pay model.
As organizational performance increases, pay-for-performance should _______.
decrease
increase
stay the same
none of the above
The process by which goods and services are delivered to the customer is known as _____.
pay structure
salary administration
line-of-sight
workflow
(a) refer to the pay variances between job levels in an organization.
Employees judge the fairness or equity of their pay by comparing it to that for other jobs at their own employer but not to that for jobs at other employers.
True
False
