Compensation Study Set 1

Business

Quiz 2 :
Strategy: The Totality of Decisions

Quiz 2 :
Strategy: The Totality of Decisions

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A compensation system that focuses on competitor's labor costs is most closely associated with a(n) _____ strategy.
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C

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A compensation system using market-based pay is most likely to be part of a(n) _____ strategy.
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A

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Flexible-generic job descriptions would most likely be used with a(n) _____ strategy.
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A

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Mich Inc., a hardware store, has a rating system in place that rates employees on their friendliness, usefulness, and product knowledge.Based on the ratings an employee receives, he or she gets an incentive.The compensation strategy followed by Mich is most closely described as a:
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A compensation system focusing on system control and work specifications is most closely associated with a(n) _____ strategy.
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All of the following EXCEPT _____ are compensation systems associated with a cost-cutter strategy.
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In the formula predicting performance, the component most closely related to compensation is _____.
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Whole Foods' shared-fate philosophy of limiting executive salaries to no more than 19 times the average pay of full-time employees is an example of which strategic pay decision?
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Comparisons on the forms of compensation used by other companies are part of _____.
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The second step of developing a total compensation strategy is to:
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Which of the following is the correct order of the steps in formulating a total compensation strategy?
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Based on the opinions of 10,000 U.S.workers, Hudson found that when given their choice of unconventional benefits, most employees would select _____.
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According to the Hudson survey, _____ is the single thing that would make 41 percent of the U.S.workers happier.
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Which of the following statements regarding allowing employees a choice in their pay mix is NOT true?
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Union preferences are a major factor in _____ a total compensation strategy.
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In mapping a total compensation strategy, the question of how important compensation is in the overall HR strategy is part of _____.
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_____ refers to openness and communication about pay.
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_____ is the measure of how important total compensation is in the overall HR strategy.
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The role non-HR managers play in making pay decisions is called _____.
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Issues of transparency, technology, and choice are most closely associated with the _____ aspect of mapping a total compensation strategy.
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