What is merit pay - Study guides, Class notes & Summaries

MGMT1135 Week 6 Test Questions with Correct Answers What to pay: establish pay structure, consider 2 things - Answer- internal (worth of job to org) and external (external competitiveness of org pay relative to others) equity how to pay: rewarding through variable programs, what are these programs? - Answer- piece rate plans employee share/stock ownership plans profit sharing merit-based pay bonuses define variable pay programs - Answer- pay plan where a portion of an employee's s...

CPH Exam Practice Test Bank Prep_ Answered_2022. Many people do not attempt to decrease unhealthy behaviors such as overeating or smoking because they lack the confidence that they can successfully change. This is an example of: (A) Perceived susceptibility (B) Perceived severity (C) Perceived self-efficacy (D) Perceived response efficacy The construct of normative beliefs is from which model/theory? (A) Transtheoretical model (B) Theory of reasoned action/planned behavior (C) So...

An employee has worked for the same company in two locations over the course of 20 years in Europe and North America. The employee has been trained as an international trade specialist and has been promoted to manager of international operations. Which pay basis should be used to compensate this employee? YOUR ANSWER CORRECT ANSWER Merit-based pay Seniority-based pay Experience-based pay Competency-based pay 2. Which two approaches apply to internal reward alignment? Choose 2 answ...

What is EEO? : treatment of individuals in all aspects of employment - hiring, promotion, training, etc. - in a fair and nonbiased manner Is EEO the same thing as quotas? : no they are not What are quotas? : "set aside" positions on basis of protected characteristics 2 | P a g e Are quotas legal? : no they are not What is the Equal Pay Act (EPA) of 1963? : outlaws discrimination in pay, benefits, pensions based on worker's gender According to the EPA, it is ok if discriminate if ...

Perquisites Special incidental payments, benefits,or privileges given to individual employees, over and abovetheir regular rewards Recruitment Process of encouraging candidates to apply for job openings Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:06 / 0:15 Full screen Seniority System that shows preference to employees with the longest service Stress interview Type of interview in which interviewer assumes an a...

MGMT 325 Final Exam | Questions and Answers ____ states that our actions must be dependent on the nature of the situation a) outside the box thinking b) contingency thinking c) reciprocal thinking d) positive thinking The beliefs associated with psychological empowerment a) meaningfulness, self-determination, impact, and influence b) self-determination, competence, impact, and influence c) competence, self-determination, impact, and meaningfulness d) competence, meaningfulness, impact, and inf...

MGMT 374 Final Exam | Questions with 100% Correct Answers Developing a Pay Structure What is the most likely consequence of emphasizing the internal evaluation? Salespeople salaries likely would be reduced Developing a Pay Structure Which of the following statements is most likely true about this case? The pay structures suggested by the internal and external comparisons do not necessarily converge. Developing a Pay Structure What is the most likely reason that people in logistics are pai...

An employee has worked for the same company in two locations over the course of 20 years in Europe and North America. The employee has been trained as an international trade specialist and has been promoted to manager of international operations. Which pay basis should be used to compensate this employee? YOUR ANSWER CORRECT ANSWER Merit-based pay Seniority-based pay Experience-based pay Competency-based pay 2. Which two approaches apply to internal reward alignment? Choose 2 answers YOUR ANSWER...

Which provision applies if a job is covered by the Fair Labor Standards Act? o :## Employees who work more than 40 hours in a week must be paid time and a half for each hour they work over the 40 hours. What is the relationship among laws regarding pay? o :## The benefit to employees dictates which law is followed. What is merit pay? o :## Annual increase based on past performance The CEO of a web development company gives employees a lot of freedom to develop new applications, pays em...

MHR 523Practice Final Exam SOLUTIONS Toronto Metropolitan University | Questions with 100% Correct Answers | Verified Multiple Choice: 40 marks (1 mark per question) Please record your answer (only one response – a, b, c, d, or e) in the table at the end of this section. 1) Once employees have been recruited and selected, the next step would be A) orientation to learn about the company's background and their role. B) onboarding to learn about pay scales and career planning. C) orientat...