MANG 3467 TEST GUIDE WITH
SOLUTION
Job structure - ANSWER the relative pay for different jobs within the
organization
pay level - ANSWER the average amount the organization pays for a
particular job
pay structure - ANSWER the pay policy resulting from job structure and pay
level decisions
legal requirement for pay-equal employment opportunity - ANSWER
employers must not base differences in pay on an employee's age, sex, race
or other protected status
any differences in pay must be tied to such business-related considerations
as job responsibilities or performance
the goal is for employers to provide equal pay for equal work
legal requirements for pay- minimum wage - ANSWER the lowest amount
that employers may pay under federal or state law, stated as an amount of
pay per hour
legal requirements for pay: overtime - ANSWER 1 and 1/2 times the
employee's usual hourly rate, including any bonuses and piece-rate payments
product markets - ANSWER includes organizations that offer competing
goods and services
, organizations compete on quality, service and price
the cost of labor is an significant part of an organization's costs
labor market - ANSWER organizations must compete to obtain human
resources
competing for labor establishes the minimum an organization must pay to
hire an employee for a particular job
benchmarking - ANSWER a procedure in which an organization compares its
own practices against those of successful competitors
pay surveys, trade and industry groups, professional groups, BLS, Society for
Human Resource, Management (SHRM), WorldatWork
equity theory - ANSWER suggest that people evaluate the fairness of their
situations by comparing themselves to other people
if employees conclude that they are underrewarded, they are likely to make
up the difference in one of three ways - ANSWER they might put forth less
effort (reducing their inputs)
they might find a way to increase their outcomes (e.g stealing)
they might find a way to increase their outcomes
employees' beliefs about fairness also influence their - ANSWER willingness
to accept transfers or promotions
job evaluation - ANSWER an administrative procedure for measuring the
relative internal worth of the organization's jobs
compensable factors - ANSWER the characteristics of a job that the
organization values and chooses for pay (experience, education, complexity,
SOLUTION
Job structure - ANSWER the relative pay for different jobs within the
organization
pay level - ANSWER the average amount the organization pays for a
particular job
pay structure - ANSWER the pay policy resulting from job structure and pay
level decisions
legal requirement for pay-equal employment opportunity - ANSWER
employers must not base differences in pay on an employee's age, sex, race
or other protected status
any differences in pay must be tied to such business-related considerations
as job responsibilities or performance
the goal is for employers to provide equal pay for equal work
legal requirements for pay- minimum wage - ANSWER the lowest amount
that employers may pay under federal or state law, stated as an amount of
pay per hour
legal requirements for pay: overtime - ANSWER 1 and 1/2 times the
employee's usual hourly rate, including any bonuses and piece-rate payments
product markets - ANSWER includes organizations that offer competing
goods and services
, organizations compete on quality, service and price
the cost of labor is an significant part of an organization's costs
labor market - ANSWER organizations must compete to obtain human
resources
competing for labor establishes the minimum an organization must pay to
hire an employee for a particular job
benchmarking - ANSWER a procedure in which an organization compares its
own practices against those of successful competitors
pay surveys, trade and industry groups, professional groups, BLS, Society for
Human Resource, Management (SHRM), WorldatWork
equity theory - ANSWER suggest that people evaluate the fairness of their
situations by comparing themselves to other people
if employees conclude that they are underrewarded, they are likely to make
up the difference in one of three ways - ANSWER they might put forth less
effort (reducing their inputs)
they might find a way to increase their outcomes (e.g stealing)
they might find a way to increase their outcomes
employees' beliefs about fairness also influence their - ANSWER willingness
to accept transfers or promotions
job evaluation - ANSWER an administrative procedure for measuring the
relative internal worth of the organization's jobs
compensable factors - ANSWER the characteristics of a job that the
organization values and chooses for pay (experience, education, complexity,
