MANA 3320 Exam 3 Questions with
Verified Answers
Job evaluations systems - ANSWER-Formal systematic process that determines the
relative worth of jobs
which jobs should get paid more?
Job ranking - ANSWER-Oldest system of job evaluation by which jobs are arrayed
on the basis of their relative worth.
Disadvantages
-Does not provide a precise measure of each job's worth.
-Final job rankings indicate the relative importance of jobs, not the extent of
differences between jobs.
-Method can used to consider only a reasonably small number of jobs.
Point Method - ANSWER-A job evaluation technique that uses compensable factors
scaled according to the degree present in the job
Paired comparisons - ANSWER-...
Factor systems - ANSWER-Puts a value on what the job position does for the
company.
Hay profile method - ANSWER-A job evaluation technique using three factors-
knowledge, mental activities, and accountability- to evaluate executive and
managerial positions.
Skill based pay systems - ANSWER-Pay based on an employee's skill level, variety
of skills, or increased job knowledge.
Skill breadth - learning all the different positions in a team
Skill depth - increasing expertise as in an apprenticeship ladder
Vertical skills - management skills and knowledge of the business
Common Applications
-Base-pay systems
-Non-exempt employees
-Manufacturing sector
-Enhances employee involvement (such as self-managed teams)
Market pricing - ANSWER-The process of analyzing external salary survey data to
establish the worth of jobs as represented by the data.
, Problems include
-They are not always compatible
with the user's jobs
-The user cannot specify what
specific data to collect.
Sources include
-Bureau of Labor Statistics (BLS)
-National Compensation Survey
-State and local wage surveys
-Online survey data
-Purchase data
Fair Labor Standards Act (FLSA) of 1938 - ANSWER-Exempt vs. Non-exempt
Minimum wage
Overtime
Exempt vs. Non-exempt - ANSWER-Exempt
-Employees who not covered in the overtime provisions of the Fair Labor Standards
Act.
-Managers, supervisors, and white-collar professional employees are exempted on
the basis of their exercise of independent judgment and other criteria.
Non-Exempt
-Employees covered by the overtime provisions of the Fair Labor Standards Act.
-They must be paid time and one-half their regular pay for all work performed after
forty regular hours of work in a workweek.
Overtime - ANSWER-Overtime pay at not less than one and one-half times regular
pay is required after 40 hours a workweek.
Minimum Wage - ANSWER-Nonexempt workers earn a minimum wage of not less
than $5.85 an hour, effective July 24, 2007.
Equal Pay Act of 1963 - ANSWER--Men and women paid the same for equal jobs.
-Exceptions: Seniority, performance, higher production, shift or other qualitative
differences.
Comparable worth - ANSWER-The concept that male and female jobs that are
dissimilar, but equal in terms of value or worth to the employer, would be paid the
same.
Pay for time not worked - ANSWER--Vacations with Pay
-Severance Pay- A one-time payment is sometimes given to employees who are
being terminated, depends on employee's years of service.
-Paid Holidays
Verified Answers
Job evaluations systems - ANSWER-Formal systematic process that determines the
relative worth of jobs
which jobs should get paid more?
Job ranking - ANSWER-Oldest system of job evaluation by which jobs are arrayed
on the basis of their relative worth.
Disadvantages
-Does not provide a precise measure of each job's worth.
-Final job rankings indicate the relative importance of jobs, not the extent of
differences between jobs.
-Method can used to consider only a reasonably small number of jobs.
Point Method - ANSWER-A job evaluation technique that uses compensable factors
scaled according to the degree present in the job
Paired comparisons - ANSWER-...
Factor systems - ANSWER-Puts a value on what the job position does for the
company.
Hay profile method - ANSWER-A job evaluation technique using three factors-
knowledge, mental activities, and accountability- to evaluate executive and
managerial positions.
Skill based pay systems - ANSWER-Pay based on an employee's skill level, variety
of skills, or increased job knowledge.
Skill breadth - learning all the different positions in a team
Skill depth - increasing expertise as in an apprenticeship ladder
Vertical skills - management skills and knowledge of the business
Common Applications
-Base-pay systems
-Non-exempt employees
-Manufacturing sector
-Enhances employee involvement (such as self-managed teams)
Market pricing - ANSWER-The process of analyzing external salary survey data to
establish the worth of jobs as represented by the data.
, Problems include
-They are not always compatible
with the user's jobs
-The user cannot specify what
specific data to collect.
Sources include
-Bureau of Labor Statistics (BLS)
-National Compensation Survey
-State and local wage surveys
-Online survey data
-Purchase data
Fair Labor Standards Act (FLSA) of 1938 - ANSWER-Exempt vs. Non-exempt
Minimum wage
Overtime
Exempt vs. Non-exempt - ANSWER-Exempt
-Employees who not covered in the overtime provisions of the Fair Labor Standards
Act.
-Managers, supervisors, and white-collar professional employees are exempted on
the basis of their exercise of independent judgment and other criteria.
Non-Exempt
-Employees covered by the overtime provisions of the Fair Labor Standards Act.
-They must be paid time and one-half their regular pay for all work performed after
forty regular hours of work in a workweek.
Overtime - ANSWER-Overtime pay at not less than one and one-half times regular
pay is required after 40 hours a workweek.
Minimum Wage - ANSWER-Nonexempt workers earn a minimum wage of not less
than $5.85 an hour, effective July 24, 2007.
Equal Pay Act of 1963 - ANSWER--Men and women paid the same for equal jobs.
-Exceptions: Seniority, performance, higher production, shift or other qualitative
differences.
Comparable worth - ANSWER-The concept that male and female jobs that are
dissimilar, but equal in terms of value or worth to the employer, would be paid the
same.
Pay for time not worked - ANSWER--Vacations with Pay
-Severance Pay- A one-time payment is sometimes given to employees who are
being terminated, depends on employee's years of service.
-Paid Holidays
