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BUS 409 Quiz 1

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Question 1

Samuel is a recently hired HR professional working at XYZ Motor Co. His current project involves recording the time it takes assembly workers to complete their tasks. With the help of industrial engineers in the manufacturing plant, the aim of this project is to identify the most effective ways of assembly operations. Which of the following is NOT related to Samuel's project?

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Question 2


Protection programs are what type of compensation benefits?

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Question 3

Which of the following is NOT one of the three broad categories that discretionary benefits fall into?

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Question 4

What do compensation managers use to recognize differences in the relative net worth of jobs and to establish pay differentials based upon management priorities?


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Question 5

Ryanair uses one type of aircraft in its fleet and requires their passengers to carry their luggage to the plane. Ryanair's decisions exemplify which of the following competitive strategies?

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Question 6

These are positive employer gestures that beyond what was required by law, created in part to thwart potential union activity.


Question 7

Which of these actions would HR seek to encourage in attempting to create a lowest-cost competitive strategy?

Question 8

What U.S. federal law established a national minimum wage for employees involved in commerce (rather than just those employed by companies working for the U.S. government), as well as prohibit most employment of minors in oppressive child labor?

Question 9


Which of these is a company sponsored program that provides income to workers throughout their retirement?

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Question 10

What strategy describes the use of benefit and compensation packages in order to support both HR and competitive strategies?

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Question 11

Sandra's position changed from supervisor at the planning department to supervisor at the new projects department. In terms of


career development, which of the following is more applicable to Sandra's situation?

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Question 12

What is the typical annual Cost-of-living adjustments (COLAs) in recent years?

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Question 13

These ordered sets of jobs make it easy for compensation managers to give a clear relative value for all jobs within a company.


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Question 14

These build upon pay grades, and include maximum, minimum, and mid-point pay rates for jobs in particular pay grades.

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Question 15

What type of pay system rewards employees for partially or completely attaining a predetermined work objective? **********************************************************

BUS 409 Quiz 2

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Question 1

PPACA and its amendment Health Care and Education Reconciliation Act of 2010 are considered to be the basis for health care reform in the United States. Which of the following is NOT considered to be one of the goals of this health care reform?

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Question 2

The Americans with Disabilities Act of 1990 (ADA) applies to companies that employ at least how many workers?


Question 3

This law makes it illegal to discriminate against people with physical and mental disabilities both within and outside employment settings, including public transportation, public accommodations, and employment.

Question 4

This was enacted in order to allow employees who are terminated, laid off, or have a change in their employment status to temporarily remain on the employer-sponsored medical insurance plan.

Question 5


Which branch of the federal government is responsible for interpreting laws?

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Question 6 Which amendment to the U.S. Constitution made it illegal to restrict the freedom of religion, speech, and press, as well as protect the right of people to peacefully assemble? • Question 7

Melissa has been working in XYZ Company for the last 8 years. She got a very attractive job offer from another company in the same industry and decided to leave her current company. She is one hundred percent vested. Which of the following acts guarantees that she cannot lose the pension benefits after she leaves her job in XYZ Company?

Selected :


ERISA Correct : ERISA

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Question 8

What is it called when the compensation practices in nonunionized companies mirror those found in unionized settings?

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Question 9

Intentionally treating women less favorably than men solely based upon their gender would be what form of discrimination?


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Question 10

As a result of this law enacted by Congress, employers must now show that employment practices that create disparate impact are a business necessity. This law also made it legal for U.S. citizens working abroad for U.S. companies to file suit.

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Question 11

This law was established in order to regulate the implementation of various employee benefits and pension programs.


Question 12

This amendment to the U.S. Constitution gives Congress the power to regulate commerce with foreign nations, individual states, and Indian Tribes.

Question 13

Which of the following is NOT a protected characteristic by Title VII of the Civil Rights Act of 1964?

Question 14


This act strengthened the Equal Pay Act of 1963 by now requiring employers to show that pay disparities are job related rather than sex-based. This act also prohibits employers from retaliating against employees who share their salary information.

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Question 15

Which one of these issues is NOT addressed by the Fair Labor Standards Act of 1938? **********************************************************

BUS 409 Quiz 3

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Question 1

If an employee is rated as outstanding on her leadership ability she was probably rated using which appraisal system?

Question 2

Which pay system is most widely used in America today?

Question 3


XYZ Company ranks its employees from the best performer to the poorest performer and the employee with the best performance receives the highest ranking. What type of performance appraisal method is used by this company?

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Question 4

This term refers to the minimum pay increase that employees view as a significant change in their compensation amount.

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Question 5

Which of the following is based on the human capital theory?


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Question 6

Which two factors should compensation professionals consider before endorsing the use of merit pay systems?

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Question 7

This term is defined as added pay for employees who have reached the maximum of a pay grade and who are unlikely to move into higher grades.


Question 8

Which performance appraisal error reflects the tendency to rate every employee at the low end of the rating scale, regardless of actual performance?

Question 9

This performance appraisal system is based on employees and supervisors identifying on-the-job behaviors and behavioral outcomes that distinguish successful from unsuccessful performances.

Question 10


The collective bargaining system was established by passage of which federal Act?

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Question 11

Which performance appraisal tool is most often used with managers and professional employees?

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Question 12


A manager in a company gives higher performance appraisal rating to employees whose children attend the same elementary school as his/her children than employees without any children. What kind of rater error was made by the manager?

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Question 13

XYZ Movers, a professional relocation company, has 3-person teams for their moving services. The company asks customers to complete a satisfaction survey regarding their recent move. For an employee's performance appraisal, customer satisfaction surveys are also considered in addition to his/her supervisor and team member ratings. Which of the following best describes this situation?

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Question 14


In 2011, employees were expected to earn average merit increases of what percent?

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Question 15

There are 15 animal keepers working for the XYZ Company. Their supervisor is required to rate the performance of these workers based on the following criteria: 30% of the animal keepers will be rated as below-average, 40% of the animal keepers will be rated as average, and 30% of the animal keepers will be rated as above average. What type of performance appraisal is used? **********************************************************

BUS 409 Quiz 4

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1. Gunther Rohn was rewarded for making a suggestion that saved Ewe and Eye Electronics thousands of dollars. Which type of incentive compensation approach might have worked best? 2. This type of individual incentive plan rewards employees who recruit new customers or new employees. 3. These profit sharing plans award cash to employees on a quarterly or annual basis as part of their regular compensation. 4. This method reinforces cooperation among team members except when team members perceive differences in other members' performances. 5. Which type of individual incentive plan requires the achievement of multiple, complex objectives without compromising the quality and quantity of output that is generated by employees? 6. Which of the following is true regarding group incentive plans as opposed to individual incentive plans? 7. Profit sharing plans and employee stock option plans are incentives on what level? 8. Which gain sharing plan bases incentives on the ratio between labor costs and sales value of production (SVOP)? 9.

This incentive plan has a buy-back provision.

10. This group incentive system was designed to provide employees with financial incentives for increasing customer satisfaction, increasing productivity, lowering costs, or improving safety.


11. Which of the following is true of most general stock compensation plans? 12. Which of the following performance measures corresponds to individual/ group/ companywide incentive plans respectively? 13. This is another name for parallel teams. 14. To have better safety records, XYZ Company gives monetary incentive awards to its workers for lower accident rates due to improper use of heavy equipment. 15. Which of the following is true about the level of risk involved with incentive pay? 16. Which of the following is a characteristic of job-based pay? 17. Which company discussed in the chapter tests its employees twice per year, and has abnormally high training costs in assessing the skill levels of its employees? 18. This type of pay program rewards employees for successfully learning specific criteria. 19. When a filing clerk is trained to maintain employee attendance records, it is an example of acquiring which type of skills? 20. This type of pay system is used by unions and contractors to reward their carpenters for increasing their carpentry abilities. 21. This type of pay system rewards employees for successfully acquiring new job-related knowledge. 22. Jamie earned a raise in pay when he finished the training for the Technician 2 position. He will receive another raise when he finishes the


training for the Technician 3 position. The company is probably using which type of pay program? 23. Which of the following are the two main reasons given for adopting pay-for-knowledge programs? 24. In the XYZ Corp. passenger car manufacturing plant, assembly line station team leaders are allowed to stop the assembly line by pulling a cord available at each station whenever they notice a serious quality problem in the assembly process. This is an example of which of the following terms? 25. This term refers to the level of specialization or expertise an employee possesses in a particular job. 26. According to the job characteristics theory, this core characteristic refers to the amount of freedom, independence, and discretion the employee enjoys in determining how to do the job. 27. Skill variety, task identity, autonomy, and feedback are the elements that make up this theory. 28. Employees would need to learn these types of skills in order to develop self-managed work teams. 29. Which one of the following would be correct regarding personfocused pay programs? 30. Teams that have members learn scheduling, coordinating, training, and leading others are emphasized in what type of work team? **********************************************************

BUS 409 Quiz 6


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1. A recently opened car dealer uses an incentive compensation plan for its sales people. The dealer provides money to its salespeople to cover basic living expenses and then shares a fixed percentage of the selling price of each car that a salesperson sells. However, the salesperson should repay the subsistence pay component within a year; otherwise he/she cannot continue in the employment of this dealer. What type of sales compensation plan does this dealer adopt? 2. This type of pay rate applies to an employee who is demoted but is paid more than the maximum rate for the pay grade he is now in. 3. What represents the relationship between a company's valuation of jobs based on job evaluation and the valuation of jobs within the external market, as assessed by compensation surveys? 4.

In which situation is a commission-only plan best suited?

5. This is a loan from the company to the employee that is carried forward indefinitely until the employee sells enough to repay it. 6. The HR manager of a company thinks that they have too many narrow pay grades within the organization. By getting the support from upper management, they decided to consolidate existing pay grades and ranges into fewer pay grades and broader pay ranges in order to create a


flatter organization in terms of compensation. This is an example of which pay structure variation? 7. Alejandro Martinez is responsible for setting up the pay structure for his company. He believes that newly hired employees should not be paid as much as established employees. Accordingly, what type of pay structure should Mr. Martinez use? 8.

These represent the horizontal dimension of pay structures.

9. If the company adopts a market lead policy, how will that company's pay range midpoint compare to the market average? 10. Which of the following would NOT be considered as an advantage of broadbanding? 11. Which scenario would be appropriate for using a salary-only plan? 12. John is just hired by a software company as a programmer. He is also a part-time student at the local college and needs just a few credits to graduate from this college. A college degree is required in order to work as a programmer in this software company. Therefore, John receives below-minimum pay rate until he graduates from college. What type of pay rate does John receive? 13. Jasmine Black believes that the company should share part of the risk for her sales position. Which sales compensation plan should she pursue? 14. This term describes a set of skills necessary to perform a specific job or a group of similar jobs. This type of sales incentive compensation plan offers the sales person a salary and further compensation if they meet a specific, exceptional sales goal


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BUS 409 Quiz 7

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Question 1

Which of the following is an aspect of voluntary leaves to meet business needs?

Question 2


Which of the following is an example of a welfare practice?

Question 3

This policy allows employees to schedule time off without having to justify the reasons, and is more effective in controlling absenteeism than other types of absence control policies.

Question 4

Discretionary benefits are generally divided into which three categories?


Question 5

What is the most common type of life insurance policy offered by companies?

Question 6

Which of the following is NOT a condition manifesting shortterm disability?


Question 7

XYZ Company provides a program for its employees who need help dealing with the effects of domestic violence. XYZ Company can offer this kind of service through which of the following programs?

Question 8

In 2010, discretionary benefits accounted for as much as what percentage of an employer's total payroll costs?

Question 9


Which of the following is a strategic purpose fulfilled by discretionary benefits?

Question 10

The approximate annual cost of employee assistance programs (EAPs) is usually no more than how much?

Question 11

This type of flexible work schedule allows employees to work four 10-hour days a week.


Question 12

Long-term disability benefits usually pay employees which range of monthly pretax salary?

Question 13

Which of the following would be considered an act as part of a company's wellness program?


Question 14

Companies that offer long-term disability insurance plans only require an elimination period that runs how long?

Question 15

Smoking cessation, stress reduction, and weight loss programs are examples of which type of employee benefit program?

Question 16


This type of defined contribution plan, also known as a CODA, permits only private sector or tax-exempt employers' employees to tax defer part of their compensation to the trust of a qualified plan.

Question 17

According the provisions in her health insurance plan with Get Well Insurance, Ursula's coinsurance payment would be $50 if she goes to Dr. Kitt, but will only be $25, if she goes to Dr. Matthew. She probably belongs to what type of insurance plan?

Question 18


These represent a series of payments for the life of the participant and beneficiary.

Question 19

Marty's employer has a prescription drug plan that will only make him pay 20% of cost of his prescription, if he goes only to certain pharmacies. What type of prescription drug plan does he have?

Question 20

Mia has Parkinson's disease, but is on an insurance plan that enables her to have the drugs shipped to her house. She is probably on which type of prescription drug plan?


Question 21

This consumer-driven health care option allows employees to contribute pre-tax wages annually to pay for qualified medical expenses, but they will lose the balance not used at year's end.

Question 22

What percentage of Americans experience some form of mental illness at least once during their lifetime?


Question 23

Starting January 1, 2004, eligible individuals are allowed to establish HSAs under which law?

Question 24

What are the two types of fee-for-service plans?

Question 25


What is another name for health maintenance organizations (HMOs)?

Question 26

0 out of 3 points

Jose invested $6,000 in pre-tax income into this healthcare plan, but lost the $780 left in it at the end of the year, because he didn't use it. What type of plan was it?

Question 27

Which of the following represents the most approximate percentage for private sector employees who have access to at least one employer-sponsored health insurance program in 2010?


Question 28

This is the condition for which medical advice, diagnosis, care, or treatment was received or recommended during a designated period prior to coverage.

Question 29

A new employee comes into your office and asks you how many hours a year he has to work to qualify as a year towards his vesting requirements. What would you tell him? Question 30 Which of the following is associated with 401(k) plans?


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BUS 409 Quiz 8

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Question 1

In 2009, Carnation Candles had 100 employees. Approximately how much did the legally required benefits cost the company that year?

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Question 2


What were the Medicare Part A monthly premiums in 2011?

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Question 3

What is the only state where employers are not required to fund workers' compensation programs?

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Question 4

Medicare Select is one of the choices under which Medicare Plan?


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Question 5

This Medicare Plan was established with the passage of the Balanced Budget Act of 1997 as an alternative to the original program (parts A & B).

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Question 6

Which Medicare plan offers enrollees lower premiums in exchange for limiting their choice of health care providers?


Question 7

In 2011, how much would you have to earn to qualify for one quarter of credit for OASDI coverage?

Question 8

Due to the fact that the costs of benefits has risen so dramatically in recent years, the majority of the companies decided to finance discretionary benefits using

Question 9


To receive OASDI disability benefits, Sung Lee's disability would have to be expected to last at least how long?

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Question 10

If an employee wants to apply for unemployment benefits, how much will s/he have to have earned, in the last four quarters, to qualify?

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Question 11


If the CEO of a new company asked you how much per employee she will be taxed by FUTA, what would you tell her?

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Question 12

To be fully insured under OASDI, an employee would have to work at least how long?

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Question 13

Mary works at a pharmaceutical company as a customer service representative. Her employer allows her to choose the set of benefits she will receive on top of preestablished sets of benefits such as medical insurance, and term life insurance. The company gave her credits equal to 6% of her salary with which she decided to purchase


dental and vision insurance. This pharmaceutical company uses what kind of benefits plan?

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Question 14

Medicare Part A is based on what type of health care option?

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Question 15

Thelma is on the Medicare Prescription Drug Program and has just spent over $5,100 out-of-pocket on medications, how much of the prescription costs will Medicare now cover for her?


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BUS 409 Quiz 9

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1. As the vice-president, Sheila will receive short-term incentive compensation awards based on which two conditions? 2. These rights provide employees with an opportunity to purchase a number of stocks at a designated price within a specified period of time. 3.

Under SEC rules, which of the following is true?

4. Restricted stock generally allows the executives ownership of the stock after how many years? 5. A short-term incentive plan would most likely be used for which company employee? 6. Under the Troubled Assets Relief Program (TARP), banks with financial assistance from the federal government can only deduct how much annually for an executive's pay as a business expense? 7. The SEC's Summary Compensation Table contains data covering how many years?


8. What is the advantage of compensation deferment until retirement for a CEO? 9.

This refers to the sale of stock by the stockholder.

10. The recently appointed CEO of XYZ Inc. uses a luxury summerhouse owned by the company for rest and relaxation with his family as well as a place to invite important clients before a lucrative business deal. XYZ Inc. also provides a membership to an exclusive country club to its CEO. These kinds of benefits offered to CEOs are called 11. This type of executive bonus plan is similar to the appraisal system used to determine merit increases for non-executive employees. 12. The IRS considers Sylvia to be a highly compensated employee for Beautiful Pictures, Inc., which means she has at least one of which of the following qualifications in the preceding year? 13. XYZ Pharmaceuticals recently announced that the clinical trials for a cancer drug failed to cure the illness. This announcement led to a dramatic decrease in the stock value of the company. The company hired a new CEO two years ago when the clinical trials for this drug had already initiated. Which one of the following is true about the compensation of the CEO of XYZ Pharmaceuticals? 14. These entitle an executive to purchase company stock in the future for a predetermined price. 15. This type of executive bonus is based on a bonus pool that is determined by a fixed-formula that is not determined by the executive's performance.


16. Which type of contingent worker would work for a company on a long-term basis, presumably on an indefinite basis? 17. A worker considered part-time is working less than how many hours in a week? 18. Temporary employment agencies are responsible for complying with all federal employment legislation except which one? 19. Ashley was working as a part-time employee in a private company. She has just been laid off. Under which protection will she temporarily continue receiving employer-sponsored health care insurance coverage? 20. According to the safe harbor rules, leased employees can make up no more than what percentage of your company's total workforce? 21. What group most strongly opposes the use of contingent workers? 22. To be covered by FLSA overtime and minimum wage provisions, seasonal employees must work for a company that is open how many months in a year? 23. What percentage of part-time employees had access to employersponsored health insurance programs in 2010? 24. Since temporary workers are employees of both the temporary employment agency and the client company, the dual employer common law doctrine establishes temporary workers' right to receive which of the following? 25. ARAMARK providing cafeteria service workers to a client company is an example of the utilization of which type of employees?


26. John is offered to be an adjunct faculty for a semester to teach a statistics class in place of a professor who is on a sabbatical leave. This example represents which of the following? 27. When a telecommuting employee works from a remote extension from the employer's office that includes a clerical staff and a full-time manager, that employee is said to be working at what type of office? 28. Who has the authority to define a "year of service" for pension protection purposes? 29. An employee living in which place would benefit most from telecommuting due to minimizing expenses and commute time? 30. The Bureau of Labor Statistics does not monitor pay levels for which type of temporary workers? **********************************************************

BUS 409 Quiz 10

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Question 1


If the local index in Tegucigalpa, Honduras is 99, what does that mean? Question 2 About how many countries are deemed as hardship locations by the U.S. State Department? Question 3 Your company is sending Sheila on a six-month assignment to Sweden, so you should probably use which method to determine her base pay? Question 4 Tuition reimbursement and day care assistance fall under this category. Question 5 Josh works at a U.S. construction company as a civil engineer. He has been working overseas for the last three years. The hypothetical tax calculated by his company turned out to be less than his actual income tax. In this situation Question 6 0 out of 3 points If the local index for Tel Aviv, Israel is 146, what does that mean? Question 7 Which of the following are used by the State Department to determine the per diem schedules? Question 8 s going on his first expatriate assignment to a country considered a hardship location. About how much will you have to increase his base pay? Question 9 Which of the following would be considered a hardship location (due to dangerous conditions)? Question 10


These represent additional paid time off for employees working in hardship locations. Question 11 Which of the following is considered an enhanced benefit for expatriates? Question 12 The State Department's Index compares the foreign costs of goods and services with which U.S. city? Question 13 Andre is going to be stationed overseas for about 18 months, so his foreign service premium will increase his base pay by about how much? Question 14 Stephan is going to be getting a mobility premium for going to Saudi Arabia. How are you going to give it to him? Question 15 If your company hired a Canadian manager to work in your plant in Taiwan, she would be considered which type of international employee? Question 16 Former under-developed countries of the world are experiencing which of these conditions, thus eliciting greater interconnections with U.S. employers? Question 17 What Canadian province has the highest minimum wage? Question 18 Canada can best be defined as which of the following? Question 19 Nora has been working at a manufacturing plant in Mexico for the last 18 months. Which of the following is NOT true regarding her paid time off benefits? Question 20


0 out of 3 points XYZ Co. plans to open a new facility in Canada to be able to reach its Canadian customers more quickly. Which of the following is true regarding labor-related considerations of the new facility? Question 21 What percentage of their gross earnings do Brazilian employees put towards social insurance? Question 22 0 out of 3 points Which one of the following is NOT a characteristic of NAFTA? Question 23 In which country do companies incur the highest hourly cost for employing a manufacturing worker? Question 24 The average hourly cost to pay a manufacturing worker in the United States in 2007 was how much? Question 25 Indian per capita expenditure on health care in 2006 was what amount at the international dollar rate? Question 26 In Germany, an employee can request up to how many year(s) of child-rearing leave? Question 27 Xue has been working at an electronics manufacturing plant in China for the last 5 years. Which one of the following should NOT be true regarding her paid time off benefits? Question 28 India's labor force has over how many people based on 2010 estimates? Question 29 An employee should receive regular pay during illness for a period of how many weeks in Germany?


Question 30 Which of the following country has the strongest economy in South America? **********************************************************

BUS 409 Week 2 Quiz 1 Chapter 1

For more classes visit www.snaptutorial.com 1. This is a way in which companies often trim their payroll responsibilities by encouraging higher paid workers with more seniority to voluntarily leave the company earlier than previously planned. 2. Which of these actions would HR seek to encourage in attempting to create a lowest-cost competitive strategy? 3. What do compensation managers use to recognize differences in the relative net worth of jobs and to establish pay differentials based upon management priorities? 4. What strategy describes the use of benefit and compensation packages in order to support both HR and competitive strategies? 5. This group is directly involved in producing goods and delivering services for a company.


6. What is the primary factor that will prevent companies from growing in the next decade? 7. What U.S. federal law established a national minimum wage for employees involved in commerce (rather than just those employed by companies working for the U.S. government), as well as prohibit most employment of minors in oppressive child labor? 8. Which of these is a company sponsored program that provides income to workers throughout their retirement? 9. A company's ability to sustain market share and profitability for several years running is referred to by what term? 10. These compensation systems go a long way in attracting and retaining the most qualified employees, and are based upon market surveys and compensation surveys. 11. Which of the following is NOT one of the three broad categories that discretionary benefits fall into? 12. What is a systematic process for gathering, documenting, and analyzing information in order to describe jobs? 13. This term suggests that a loss is likely for the firm, and that the individual will be left with little control.


14. These describe the terms of employment that are set between management and union bargaining representatives. 15. These build upon pay grades, and include maximum, minimum, and mid-point pay rates for jobs in particular pay grades.hich Act? **********************************************************

BUS 409 Week 3 Quiz 2 Chapter 2

For more classes visit www.snaptutorial.com 1. What are the revised guidelines introduced in 2004 for determining whether jobs are exempt from FLSA overtime pay provisions called? 2. The Americans with Disabilities Act of 1990 (ADA) applies to companies that employ at least how many workers? 3. Which amendment to the U.S. Constitution made it illegal to restrict the freedom of religion, speech, and press, as well as protect the right of people to peacefully assemble?


4. Which one of these issues is NOT addressed by the Fair Labor Standards Act of 1938? 5. This law makes it illegal to discriminate against people with physical and mental disabilities both within and outside employment settings, including public transportation, public accommodations, and employment. 6. An employee has a regular hourly rate equal to $12. According to FLSA, how much should her/his employer pay this employee for each additional hour worked beyond the regular 40 hours within a period of 7 consecutive days? 7. As a result of this law enacted by Congress, employers must now show that employment practices that create disparate impact are a business necessity. This law also made it legal for U.S. citizens working abroad for U.S. companies to file suit. 8. Based upon the FLSA child labor provisions, what is the minimum age that a child must be in order to be legally employed? 9. This was enacted in order to allow employees who are terminated, laid off, or have a change in their employment status to temporarily remain on the employer-sponsored medical insurance plan. 10. Title VII and ADEA do not protect federal government employees. Which one of the following executive orders and/or laws gives similar protection to federal government employees? 11. Construction contractors, working on government contracts valued at more than $2,000, must pay their laborers and mechanics what type of local area based wage according to the Davis-Bacon Act of 1931? 12. This act strengthened the Equal Pay Act of 1963 by now requiring employers to show that pay disparities are job related rather than sex-


based. This act also prohibits employers from retaliating against employees who share their salary information. 13. Which of the following example is NOT considered as a compensable work activity? 14. These programs granted income to workers who were unable to work due to injuries sustained while on the job. 15. The "equal benefit or equal cost principle" is part of which Act? **********************************************************

BUS 409 Week 4 Assignment 1 Compensation Practice

For more classes visit www.snaptutorial.com Assignment 1: Compensation Practice Due Week 4 and worth 250 points

Use the Internet or the Library to research a publicly traded company for which you would like to work.


Write a six to eight (6-8) page paper in which you: Briefly describe the company you researched, its compensation strategy, best practices they are applying, and compensation-related challenges they are facing. Analyze how your company applies compensation practice to determine the positive or negative impact to the company and its stakeholders. Examine the ways in which laws, labor unions, and market factors impact the company’s compensation practices. Provide specific examples to support your response. Evaluate the effectiveness of traditional bases for pay at the company you researched. Use at least three (3) quality references. Note: Wikipedia and other Websites do not qualify as academic resources. Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. The specific course learning outcomes associated with this assignment are: Analyze how compensation practice can be applied to positively impact an organization and its stakeholders.


Examine the ways in which laws, labor unions, and market factors impact companies’ compensation practices. Evaluate the effectiveness of traditional bases for pay (seniority and merit) against incentive-based and person-focused compensation approaches. Use technology and information resources to research issues in compensation management. Write clearly and concisely about compensation management using proper writing mechanics **********************************************************

BUS 409 Week 4 Quiz 3 Chapter 3

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1. XYZ Company ranks its employees from the best performer to the poorest performer and the employee with the best performance receives the highest ranking. What type of performance appraisal method is used by this company? 2. In 2011, employees were expected to earn average merit increases of what percent?


3. This type of appraisal error takes place when managers rate employee's performance more highly than they should compared with objective criteria. 4.

Which of the following is based on the human capital theory?

5. This type of behavioral performance appraisal system requires the review of past performance behaviors and outcomes in order to identify them as either successful or unsuccessful. 6. XYZ Movers, a professional relocation company, has 3-person teams for their moving services. The company asks customers to complete a satisfaction survey regarding their recent move. For an employee's performance appraisal, customer satisfaction surveys are also considered in addition to his/her supervisor and team member ratings. Which of the following best describes this situation? 7.

Which pay system is most widely used in America today?

8. This term refers to a difference between the output of a human judgment process and that of an objective, accurate assessment. This difference could be due to bias, prejudice, or other subjective, extraneous influences. 9. This term is defined as added pay for employees who have reached the maximum of a pay grade and who are unlikely to move into higher grades. 10. Which performance appraisal system displays illustrations only of positive behaviors shown by an employee in various job dimensions? 11. A manager expects high levels of performance from a newly hired employee, Ashley, as she graduated from a prestigious Ivy League university. A year later, the manager rates Ashley's job performance


higher than her actual performance due to his initial belief. What kind of rater error was made by the manager? 12. If an employee is rated as outstanding on her leadership ability she was probably rated using which appraisal system? 13. The halo effect and similar-to-me effects are considered examples of which type of rating error? 14. Which two factors should compensation professionals consider before endorsing the use of merit pay systems? 15. Management by objective is part of which type of performance appraisal system? **********************************************************

BUS 409 Week 6 Quiz

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1. This is a systematic process for gathering, documenting, and analyzing information in order to describe jobs. 2.

These two are job evaluation techniques.


3. This unit of analysis is a group of jobs, found at more than one business, in which a common set of tasks are performed. 4. These indicate the name of each job within a company's job structure. 5. Which of the following is NOT true for internally consistent compensation systems? 6. What type of organizations use classification plans most prevalently? 7. In the job analysis process this term represents a group of positions that are identical with respect to their major tasks. 8. Sarah works at a federal government agency. Her pay rate is determined by her GS level and work seniority. What type of jobcontent evaluation approach was used to categorize her job? 9. A human resource manager of a company decides to change the current job-content valuation technique by using a quantitative methodology. He thinks that the old approach fails to balance internal and external considerations while evaluating jobs. What type of job evaluation technique do you suggest for this HR manager? 10. A job analysis method is this if it yields the kind of information that it was designed to provide and accurately assesses each job's duties. 11. Which job evaluation method entails ordering jobs on the basis of extremes? 12. This describes job duties, tasks, and relevant factors needed to perform a job adequately.


13. Market-based job evaluation uses which method to collect data to determine prevailing pay rates? 14. Which of the following are the four "universal compensable factors"? 15. Universal compensable factors are derived from which federal Act? 16. In the regression analysis formula, what does the X represent? 17. This causes compensation survey data to become obsolete fairly quickly. 18. Compensation professionals in XYZ Company use regression analysis to determine the pay rates of its marketing professionals. There are 4 different marketing job titles in XYZ Company. Compensation professionals use job evaluation points assigned to each marketing job title and a salary survey data. In other words, they regress job evaluation points on the salary data. What does it mean when the R2 value of this regression turns out to be 0.85? 19. This term refers to the distance of each salary figure from the mean. 20. What does it mean when the distribution of data is skewed to the right? 21. This BLS survey provides the quarterly measure of changes in labor and compensation costs, and is used as the principle economic indicator for the Federal Reserve. 22. These are used as reference points for setting pay levels. 23. Market lag policies are generally set to which quartile in the salary survey?


24. As of September 2010, U.S. companies spent approximately how much per employee for discretionary benefits? 25. Jose Escobar conducts a survey of salaries at UB2 Enterprises and finds that 50% of the workers fall below the market pay average of $32,000. In which quartile do the workers at ERL Enterprises fall? 26. These are the two types of central tendency measures that are pertinent to compensation. 27. Companies pursuing a differentiation strategy are most likely to use which pay level policy? 28. In regression, what does it mean when the R2 = 1? 29. Suppose that a compensation professional would like to calculate the median salary. He/she orders four salaries as follows: $20,000, $22,000, $24,000, $26,000. What is the median salary for this data set? What does Quartile 3 represent? **********************************************************

BUS 409 Week 8 Assignment 2 Compensation Plan Outline

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Assignment 2: Compensation Plan Outline Due Week 8 and worth 300 points

Using the same company you researched in Assignment 1, evaluate the company’s compensation plan to determine how it could be improved.

Write a six to eight (6-8) page paper in which you: Evaluate the existing compensation plan to determine if it is the most appropriate for your company. Explain your rationale. Determine the most beneficial ratio of internally consistent and market consistent compensations systems for the company you selected. Evaluate the current pay structure used by your company and assess the recognition of employee contributions. Make two (2) recommendations for improving the effectiveness of the discretionary benefits provided by the company you selected. Evaluate the types of employer-sponsored retirement plans and health insurance programs provided by the company you selected and compare them to that company’s major competitors. Use at least three (3) quality references. Note: Wikipedia and other Websites do not qualify as academic resources. Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or schoolspecific format. Check with your professor for any additional instructions.


Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required page length. The specific course learning outcomes associated with this assignment are: Evaluate the effectiveness of traditional bases for pay (seniority and merit) against incentive-based and person-focused compensation approaches. Compare and contrast internally consistent and market-competitive compensation systems. Evaluate the role of benefits in strategic compensation. Use technology and information resources to research issues in compensation management. Write clearly and concisely about compensation management using proper writing mechanics **********************************************************

BUS 409 Innovative Education--snaptutorial.com  

• Question 1 Samuel is a recently hired HR professional working at XYZ Motor Co. His curr...

BUS 409 Innovative Education--snaptutorial.com  

• Question 1 Samuel is a recently hired HR professional working at XYZ Motor Co. His curr...

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