HRMN 3420 Final Exam 2025
Questions and Answers
Compensation - --CORRECT ANSWER--The total of an employee's pay and
benefits
Job Evaluation - --CORRECT ANSWER--The process of determining the worth
of each position relative to the other positions within the organization
Job Ranking - --CORRECT ANSWER--Subjectively ordering jobs from lowest to
highest or vice versa, in terms of value to the company
Point-factor - --CORRECT ANSWER--Objectively breaking down a job into
"compensable factors" and applying points to each factor based on the job's level
of difficulty
Factor Comparison - --CORRECT ANSWER--Analyzing and ranking
"compensable factors" of benchmark jobs in pay surveys and ranking all of the
firm's jobs against the bench mark
Goal of Compensation - --CORRECT ANSWER--To motivate employees to
achieve organizational goals over a period of time
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
, Instrumentality - --CORRECT ANSWER--Refers to whether higher performance
will relate to the rewards
Over reward - --CORRECT ANSWER--Feel uncomfortable because you and your
referent have the same inputs but you get more output
Under reward - --CORRECT ANSWER--Same amount of inputs but your outputs
are far less
Pure Entitlement Philosophy - --CORRECT ANSWER--If you work for a longer
period of time, you are entitled to make more money
Red-circled employees - --CORRECT ANSWER--The current employee is paid
above their pay range, making more money than they are worth is to the employee
Green-circled employees - --CORRECT ANSWER--Employee is paid below their
pay range
Pay Compression - --CORRECT ANSWER--When the pay difference among
employees with more experience become small or inverted
Incentives (Variable Pay) - --CORRECT ANSWER--Compensation that depends
on some measure of individual performance or results in order to be awarded
Profit Sharing - --CORRECT ANSWER--Based on the overall organization
profitability
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
Questions and Answers
Compensation - --CORRECT ANSWER--The total of an employee's pay and
benefits
Job Evaluation - --CORRECT ANSWER--The process of determining the worth
of each position relative to the other positions within the organization
Job Ranking - --CORRECT ANSWER--Subjectively ordering jobs from lowest to
highest or vice versa, in terms of value to the company
Point-factor - --CORRECT ANSWER--Objectively breaking down a job into
"compensable factors" and applying points to each factor based on the job's level
of difficulty
Factor Comparison - --CORRECT ANSWER--Analyzing and ranking
"compensable factors" of benchmark jobs in pay surveys and ranking all of the
firm's jobs against the bench mark
Goal of Compensation - --CORRECT ANSWER--To motivate employees to
achieve organizational goals over a period of time
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
, Instrumentality - --CORRECT ANSWER--Refers to whether higher performance
will relate to the rewards
Over reward - --CORRECT ANSWER--Feel uncomfortable because you and your
referent have the same inputs but you get more output
Under reward - --CORRECT ANSWER--Same amount of inputs but your outputs
are far less
Pure Entitlement Philosophy - --CORRECT ANSWER--If you work for a longer
period of time, you are entitled to make more money
Red-circled employees - --CORRECT ANSWER--The current employee is paid
above their pay range, making more money than they are worth is to the employee
Green-circled employees - --CORRECT ANSWER--Employee is paid below their
pay range
Pay Compression - --CORRECT ANSWER--When the pay difference among
employees with more experience become small or inverted
Incentives (Variable Pay) - --CORRECT ANSWER--Compensation that depends
on some measure of individual performance or results in order to be awarded
Profit Sharing - --CORRECT ANSWER--Based on the overall organization
profitability
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
