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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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Chapter 12 - HRIR 3021Job 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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