Human Resource Management Exam 3 (MGT 3070,
Clemson University) Study Guide
Job Structure - ANSWER the relative pay for different jobs within the organization
Pay Level - ANSWER the average amount (including wages, salaries, and bonuses) the
organization pays for a particular job
Pay Structure - ANSWER the pay policy resulting from job structure and pay-level
decisions
Minimum Wage - ANSWER the lowest amount that employers may pay under federal or
state law, stated as an amount of pay per hour
Fair Labor Standards Act (FSLA) - ANSWER Federal law that establishes a minimum wage
and requirements for overtime pay and child labor
Exempt Employees (FSLA) - ANSWER managers, outside salespeople, and any other
employees not covered by the FSLA requirement for overtime pay
Nonexempt Employees (FSLA) - ANSWER employees covered by the FSLA requirements
for overtime pay
, Benchmarking - ANSWER a procedure in which an organization compares its own
practices against those of successful competitors
Job Evaluation - ANSWER an administrative procedure for measuring the relative internal
worth of the organization's jobs
Hourly Wage - ANSWER rate of pay for each hour worked
Piecework Rate - ANSWER rate of pay for each unit produced
Salary - ANSWER rate of pay for each week, month, or year worked
Pay Policy Line - ANSWER a graphed line showing the mathematical relationship
between job evaluation points and pay rate
Pay Grades - ANSWER sets of jobs having similar worth or content, grouped together to
establish pay rates
Pay Range - ANSWER a set of possible pay rates defined by a minimum, maximum, and
midpoint of pay for employees holding a particular job or a job within a particular pay
grade
Pay Differential - ANSWER adjustment to a pay rate to reflect differences in working
Clemson University) Study Guide
Job Structure - ANSWER the relative pay for different jobs within the organization
Pay Level - ANSWER the average amount (including wages, salaries, and bonuses) the
organization pays for a particular job
Pay Structure - ANSWER the pay policy resulting from job structure and pay-level
decisions
Minimum Wage - ANSWER the lowest amount that employers may pay under federal or
state law, stated as an amount of pay per hour
Fair Labor Standards Act (FSLA) - ANSWER Federal law that establishes a minimum wage
and requirements for overtime pay and child labor
Exempt Employees (FSLA) - ANSWER managers, outside salespeople, and any other
employees not covered by the FSLA requirement for overtime pay
Nonexempt Employees (FSLA) - ANSWER employees covered by the FSLA requirements
for overtime pay
, Benchmarking - ANSWER a procedure in which an organization compares its own
practices against those of successful competitors
Job Evaluation - ANSWER an administrative procedure for measuring the relative internal
worth of the organization's jobs
Hourly Wage - ANSWER rate of pay for each hour worked
Piecework Rate - ANSWER rate of pay for each unit produced
Salary - ANSWER rate of pay for each week, month, or year worked
Pay Policy Line - ANSWER a graphed line showing the mathematical relationship
between job evaluation points and pay rate
Pay Grades - ANSWER sets of jobs having similar worth or content, grouped together to
establish pay rates
Pay Range - ANSWER a set of possible pay rates defined by a minimum, maximum, and
midpoint of pay for employees holding a particular job or a job within a particular pay
grade
Pay Differential - ANSWER adjustment to a pay rate to reflect differences in working
