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Chapter 12 - HRIR 3021 questions well answered graded A+ $12.99   Add to cart

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Chapter 12 - HRIR 3021 questions well answered graded A+

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Chapter 12 - HRIR 3021 questions well answered graded A+

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  • September 11, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • HRIR
  • HRIR
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BravelRadon
Chapter 12 - HRIR 3021

Job structure - correct answer ✔✔The relative pay for different jobs within the organization



Pay level - correct answer ✔✔The average amount (including wages, salaries, and bonuses) the
organization pays for a particular job



Pay structure - correct answer ✔✔The pay policy resulting from job structure and pay level decisions



Minimum wage - correct answer ✔✔The lowest amount that employers may pay under federal or state
law, stated as an amount of pay per hour



Fair labor standards act (FLSA) - correct answer ✔✔Federal law that establishes a minimum wage and
requirements for overtime pay and child labor



Exempt employees - correct answer ✔✔Managers, outside salespeople, and any other employee not
covered by the FLSA requirement for overtime pay



Nonexempt employees - correct answer ✔✔Employees covered by the FLSA requirements for overtime
pay



Benchmarking - correct answer ✔✔A procedure in which an organization compares its own practices
against those of successful competitors



Job evaluation - correct answer ✔✔An administrative process for measuring the relative internal worth
of the organization's jobs



Hourly wage - correct answer ✔✔Rate of pay per hour worked



Piecework rate - correct answer ✔✔Rate of pay per unit produced

, Salary - correct answer ✔✔Rate of pay per week, month, or year worked



Pay policy line - correct answer ✔✔A graphed line showing the mathematical relationship between job
evaluation points and pay rate



Pay grades - correct answer ✔✔Sets of jobs having similar worth or content, grouped together to
establish rates of pay



Pay range - correct answer ✔✔A set of possible pay rates defined by a minimum, maximum, and
midpoint of pay for employees holding a particular job or a job within a particular pay grade



Pay differential - correct answer ✔✔Adjustment to a pay rate to reflect differences in working conditions
or labor markets



Delayering - correct answer ✔✔Reducing the number of levels in the organization's job structure



Skill-based pay systems - correct answer ✔✔Pay structures that set pay according to the employees'
levels of skill or knowledge and what they are capable of doing



What are 2 aspects of pay structure? - correct answer ✔✔(1) job structure (2) pay level



Living wage - correct answer ✔✔A minimum wage based on the cost of living in a particular region



Cost of living - correct answer ✔✔The cost of a household's typical expenses



Equity theory - correct answer ✔✔A theory that people measure outcomes such as pay in terms of their
inputs



External equity - correct answer ✔✔Describes fairness of one's pay relative to what employees in other
organizations earn for doing the same job

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