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A flexible benefits system with cost sharing on individual benefits is a good fit for which type of firm?
A flexible benefits system with cost sharing on individual benefits is a good fit for which type of firm?A . human relations firmB . high-involvement firmC . classical firmD . firm with no managerial strategyView AnswerAnswer: B
Which of the following is an objective of variable pay?
Which of the following is an objective of variable pay?A . to help retain long-service employeesB . to help link individual performance to individual payC . to help promote cost savings initiatives by employeesD . to help keep labour costs downView AnswerAnswer: B
Which of the following pay plans should you consider using?
As the new owner of a car dealership, you have become concerned with some behaviour being displayed by most of your sales force. You have decided to change the compensation systems. Yet, you are very concerned with your ability to meet payroll if sales decrease. Which of the following pay...
Which of the following steps is NOT considered part of formulating the compensation strategy?
Which of the following steps is NOT considered part of formulating the compensation strategy?A . determining actual dollar values for jobs and individual employeesB . determining the total level of compensation to provideC . determining how each of the mix choices should be structuredD . determining the mix of compensation...
In addition to base pay, which of the following would most likely be included in this compensation mix?
A particular organization wants to include in their compensation system some element of organizational performance linkage, while at the same time it wants to encourage employee commitment. In addition to base pay, which of the following would most likely be included in this compensation mix?A . merit payB . piece...
Which of the following would you NOT include in your menu?
As a consultant, you have been asked by an organization to provide a menu of indirect benefits that the employer does not have to provide by law. Which of the following would you NOT include in your menu?A . employment insuranceB . company pension planC . psychological counselingD . supplemental...
Which methods are used to establish base pay?
Which methods are used to establish base pay?A . market pricing, job evaluation, and pay for knowledgeB . job analysis, competency testing, and demographicsC . tenure, job preview, and environmental analysisD . knowledge, education, and market pricingView AnswerAnswer: A
Which of the following best explains why medical and dental coverage can be purchased more cheaply by the employer than the employee?
Which of the following best explains why medical and dental coverage can be purchased more cheaply by the employer than the employee?A . indexationB . economies of scaleC . utilityD . dividendsView AnswerAnswer: B
Which of the following is an example of mandatory indirect pay?
Which of the following is an example of mandatory indirect pay?A . major health benefits such as medical coverageB . registered retirement savings plans (RRSPs) benefitsC . employee servicesD . workers' compensation benefitsView AnswerAnswer: D
Which of the following is the most important potential disadvantage of performance pay?
Which of the following is the most important potential disadvantage of performance pay?A . It increases the need for layoffs in poor economic conditions.B . It does not fit well with high-involvement management.C . It is mainly effective in small companies.D . It does not pay off for some employers.View...
