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4BE3 Strategic Compensation: Chapter 1-5 || with Error-free Solutions. Topic 5: Compensation and Benefits (Regulations, Strategies, and Needs Assessment) || All Answers Are Correct 100%. Strategic Compensation || with 100% Errorless Answers. Strategic Compensation Management: Midterm 1, || very Flawless. Strategic Compensation Final || All Question

Identify potential career opportunities related to engineering and technology? correct answers Chemical Engineering Mechanical Engineering Computer Engineering Explain education requirements and professional equations associated with a chosen technical career path? correct answers To be an engineering, you have to have a Bachelor's degree and have to go through certain test and exams to get a certification in the occupation you are trying to pursue. Explain the interaction between techn...

Which steps are required when developing a strategic compensation plan? correct answers 1. Create the range in salary for each block or grade and an incentive plan 2. Determine how the compensation strategy will follow the labor market and attract employees 3. Perform a cross-impact analysis to assess the impact of interacting trends 4. Use strategic methods such as job ranking, grading, or comparing 5. Review the compensation plan at regular intervals Which steps are necessary when carry...

On Call Time correct answers are hours worked when employees has to stay on the premise of their job, or stay close to the premise. Employees cannot use time for their own purpose. On Call Time is not hours worked when correct answers employees are required to carry a pager employees are required to leave work at home or with the employer where he or she can be reached Meal Period correct answers are not hours worked when the employee has to relieved of duties for the purpose of eating a ...

Performance Management correct answers a continuous process of identifying, measuring, and developing the performance of individuals and teams and aligning performance with the strategic goals of the organization. How is performance management different than a performance appraisal? correct answers Management- ongoing process of providing feedback and coaching to improve performance. Appraisal- systematic description of an employee's strengths and weaknesses, is a part of PM. Network S...

Output-Based Pay correct answers Compensation based on amount of output an employee produces When can you use output-based pay correct answers It is only possible to use output related pay when output: - Is easily measured. - Is easily priced in terms of value to the employer. - Can be attributed to individuals. - Is within the control of the employees. - is stable. When not to use output-based pay correct answers Sometimes even if it is possible, output-based pay is undesir...

What can you determine by examining a firm's structural variables? correct answers The managerial strategy a firm is actually using Which term refers to the vehicle used by an organization for executing its business strategy? correct answers Its structure Which of the following would be the best choice for a compensation system? correct answers The system is cost effective and achieves company goals. The compensation system typically refers to which aspect of the reward system? correct...

What business should we be in? correct answers Corporate objectives, strategic plans, visions and values How do we gain the competitive advantage in the businesses correct answers Business unit Strategies How should Hr give us the competitive advantage correct answers HR Strategies How should total compensation help us win correct answers social, competitive and regulatory environment Overtime pay correct answers covered, non-exempt employees must one and one half times the regular r...

internal consistency correct answers 1. compares the value of each job within the same company against the rest of the jobs found within that company 2. represents job structure or hierarchy 3. job descriptions are its cornerstone 4. recognizes differences in job characteristics job analysis correct answers a descriptive procedure; identifies and defines job content job evaluation correct answers reflects value judgments; compensation systems set pay levels job analyses describe: cor...

strategic compensation correct answers refers to the design and implementation of compensation systems to reinforce the objectives of both HR strategies and competitive business strategies competitive business strategy correct answers multiple year time span, planned use of company resources including financial capital, equipment capital, and human capital human capital correct answers refers to sets of collective skills, knowledge, and abilities that employees can apply to create value fo...