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WorksheetsP | M04 CB Pre-exam
Total questions: 20
Worksheet time: 20mins
What is the compa-ratio for an employee who earns $15 per hour where the salary range has a midpoint of $12 per hour?
0.03
0.80
1.25
1.35
Beth, a small business owner, wants to ensure external equity when establishing pay rates. Beth should most likely ___________ .
use wage curves to price each pay grade
compare performance appraisals
conduct a salary survey
check online pay sites
What are the two main categories of financial rewards?
Compensation and work/life balance
Employee benefits and career development
Direct (monetary) and indirect (benefits)
Training and employee benefits
Which of the following is a long-term pay policy that can protect jobs and control labor costs by linking compensation to production?
Internships
Overtime pay
Profit sharing
Early retirement
Above-market compensation policies are more likely to:
create an impression of innovation and success.
improve employee morale and reduce employee turnover.
affect employee cooperation more than any other business policy.
reduce barriers between people who need to work closely together.
Keith works as a construction foreman, and he is viewed as a reliable, competent employee. Keith was recently injured in a car accident while on vacation, and his injuries are so severe that he will not be able to return to work. Which of the following would most likely provide Keith with benefits?
group life insurance
unemployment insurance
workers' compensation insurance
supplemental benefits
The indirect financial and nonfinancial payments employees receive for continuing their employment with a company are called (a) .
An HR manager conducting an HR audit on compensation would most likely search for __________
current job descriptions
workforce health and safety training
completed benefit enrollment forms
compliance with labor laws
A compensation method related to an employee’s individual performance is known as ________
an incentive pay plan.
a differential pay plan.
a step plan.
a merit pay plan.
An employee is motivated by knowing there is room for base pay to grow. This BEST exemplifies _________
an effective metric.
pay transparency.
a benefits summary.
required communication.
Which benefit has the BEST potential to reduce an employer’s health-care costs?
Promoting a wellness program
Offering flexible work hours
Providing a parent with unpaid leave for qualified child-rearing issues
Offering more paid vacation or holiday leave than legally mandated
What is a possible outgrowth of a benefit plan needs assessment?
Paying exempt employees overtime
Adding medical coverage for physiotherapy care
Increasing salaries for exempt employees
Setting new strategic objectives for the organization
All of the following types of information will most likely be collected by a human resources specialist through a job analysis EXCEPT _______ & _______. (choose 2 out of 5)
work activities
human behaviors
performance standards
employee benefits options
individual development needs
A ___________ is comprised of jobs of approximately equal difficulty or importance as established by job evaluation.
wage curve
benchmark
pay grade
class
Central basic factors that establish how several jobs compare to one another and that determine the pay for each job are called -------------.
compensable factors
job evaluation factors
ranking factors
analysis factors
Which of the following terms refers to a systematic comparison done in order to determine the worth of one job relative to another?
job analysis
job evaluation
job description
job classification
Which job evaluation method would be MOST appropriate for an organization with limited resources that has a large number of people with similar, defined jobs?
Paired comparison
Point-factor
Job ranking
Job classification
_________ means collapsing salary grades and ranges into just a few wide levels, each of which contains a relatively wide range of jobs and salary levels.
Wage band
Job evaluation
Broadbanding
Job banding
Which job evaluation method would provide a small organization with a quick and inexpensive way to compare one job to another?
Job ranking
Point-factor
Paired comparison
Job classification
Which of the following would not be considered a form of indirect compensation?
Legally mandated benefits (such as social security)
Vacation time
Perquisites
Premium pay for vacations
