MIE 330 Final Exam Questions and
Answers 100% Solved | Graded A+
Job Evaluation - ✔✔An administrative procedure for measuring the relative
internal worth of the organization's jobs.
Pay Ranges - ✔✔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.
Compa-Ratio - ✔✔The ratio of average pay to the midpoint of the pay
range.
-If the average equals the midpoint, CR is 1.
-If CR is greater than 1, the average pay is above the midpoint.
- IF CR is less than 1, the average pay is below the midpoint.
Pay Policy Line - ✔✔A graphed line showing the mathematical relationship
between job evaluation points and pay rate.
Pay Grades - ✔✔Sets of jobs having similar worth or content, grouped
together to establish rates of pay.
1
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
, Delayering - ✔✔Reducing the number of levels in the organization's job
structure.
-More assignments are combined into a single layer.
-These broader groupings are called broad bands.
-More emphasis on acquiring experience, rather than promotions.
Skill-based Pay systems - ✔✔Pay structures that are set pay according to
the employees' level of skill or knowledge and what they are capable of
doing.
Pay during Military duty - ✔✔Some companies pay the difference between
what the military pays soldiers and what they would make in their civilian
jobs.
Pay for Executives - ✔✔Paid in forms of salary, bonus, stock options,
stock, etc.
Fair Labor Standards Act (FLSA) - ✔✔Federal law that establishes a
minimum wage and requirements for overtime pay and child labor.
Family and Medical Leave Act (FMLA) - ✔✔Requires organizations with 50
or more employees to provide up to 12 weeks of unpaid leave:
-After childbirth or adoption
-To care for a seriously ill family member
2
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
Answers 100% Solved | Graded A+
Job Evaluation - ✔✔An administrative procedure for measuring the relative
internal worth of the organization's jobs.
Pay Ranges - ✔✔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.
Compa-Ratio - ✔✔The ratio of average pay to the midpoint of the pay
range.
-If the average equals the midpoint, CR is 1.
-If CR is greater than 1, the average pay is above the midpoint.
- IF CR is less than 1, the average pay is below the midpoint.
Pay Policy Line - ✔✔A graphed line showing the mathematical relationship
between job evaluation points and pay rate.
Pay Grades - ✔✔Sets of jobs having similar worth or content, grouped
together to establish rates of pay.
1
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
, Delayering - ✔✔Reducing the number of levels in the organization's job
structure.
-More assignments are combined into a single layer.
-These broader groupings are called broad bands.
-More emphasis on acquiring experience, rather than promotions.
Skill-based Pay systems - ✔✔Pay structures that are set pay according to
the employees' level of skill or knowledge and what they are capable of
doing.
Pay during Military duty - ✔✔Some companies pay the difference between
what the military pays soldiers and what they would make in their civilian
jobs.
Pay for Executives - ✔✔Paid in forms of salary, bonus, stock options,
stock, etc.
Fair Labor Standards Act (FLSA) - ✔✔Federal law that establishes a
minimum wage and requirements for overtime pay and child labor.
Family and Medical Leave Act (FMLA) - ✔✔Requires organizations with 50
or more employees to provide up to 12 weeks of unpaid leave:
-After childbirth or adoption
-To care for a seriously ill family member
2
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
