MIE 330 Final Exam Study Questions 73 actual answers 100%.

MIE 330 Final Exam Study Questions 73
actual answers 100%.
MIE 330 Final Exam Study Questions 73
actual answers 100%.
What are the three characteristics of an employer's side on pay? - ANSWER 1. Powerful tool for meeting
org goals

2. Impacts employees attitudes and behaviors

3. Influences the kinds of people attracted to/remain with the org



What are the two characteristics of an employee's side on pay? - ANSWER 1. Care about fairness

2. Attach great importance on pay decisions when evaluating relationships with employers



Pay is a large (primarily fixed) _____ to orgs, so it must be what? - ANSWER Cost; managed



What two aspects are important to create a pay structure? - ANSWER 1. Job structure

2. Pay level



What are the four types of issues developing in a pay structure? - ANSWER 1. Legal requirements

2. Market forces

3. Org goals

4. Pay level, job structure, and pay structure decisions



What are four legal requirement issues? - ANSWER 1. Equal pay for equal work

2. Minimum wage

3. Overtime pay

4. Restrictions on child labor



What are two market force issues? - ANSWER 1. Product market

, MIE 330 Final Exam Study Questions 73
actual answers 100%.
2. Labor market



What are four org goal issues? - ANSWER 1. High-quality workforce

2. Cost control

3. Equity/fairness

4. Legal compliance



What are four pay level, job structure, and pay structure decision issues? - ANSWER 1. Pay rates

2. Pay grades

3. Pay ranges

4. Pay differentials



Government _____ affect pay structure! - ANSWER Regulations



What are the five areas of government regulations that affect pay structure? - ANSWER 1. EEO

2. Minimum wage

3. Overtime pay

4. Child labor

5. Prevailing wages



What law does the EEO support? - ANSWER Equal Pay Act



What are the six protected statuses of the Equal Pay Act? - ANSWER 1. Race

2. Sex

3. National Origin

4. Ethnicity

5. Age