Comp & Benefits Chapter 2 || with A+ Guaranteed Solutions.

_______ refers to the role played by non-HR managers in making compensation decisions. a. alignment b. compliance c. ownership d. prominence correct answers c Which of the following are involved in the alignment of pay strategy? (Select all that apply) a. external alignment with the economic and socio-political conditions b. internal alignment within the overall HR system c. alignment with "best practices" d. alignment with employee preferences e. alignment with the business strategy correct answers a, b, e Google correct answers They are market leaders in pay and benefits and provide unique benefits Nuccor correct answers They are market leaders for total cash compensation Merrill Lynch correct answers They are market competitive in base, benefits, incentive/bonus, and stock According to Boxall and Purcell, the _______ _________ is an increasingly common theory of performance that bases performance on ability, motivation, and opportunity. correct answers AMO theory Steps involved in developing a total compensation strategy in the order in which they are conduced. correct answers 1. Assessing the implications of total compensation 2. Mapping a strategy for total compensation 3. Implementing the total compensation strategy 4. Reassessing the total compensation strategy Identify the union preferences that influence compensation strategy. (Select all that apply) a. the concern with work/life balance b. the concern with job security c. the focus on base wages d. the preference for different forms of pay correct answers b, d T/F: The results from using a compensation system need to be assessed against the objectives the company is trying to achieve. correct answers True A ________ ________ focuses on those compensation choices that help the organization gain and sustain competitive advantage. correct answers strategic perspective