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5 Written questions

5 Matching questions

  1. National Labor Relations Act
  2. Leading the market
  3. When an employer wants to pay employees for what theyre capable of and not what theyre actually doing, they want to use these pay systems
  4. Lagging the market
  5. What do the Walsh-Healy Public Contracts Act and the McNamara-O'Hara Service Contract Act stipulate?
  1. a Allows workers to talk to each other about their pay
  2. b •Skill-based pay
    • Competency based pay
  3. c Require overtime payment and prevailing wage for any employee hours worked over eight hours in one day; applies only to federal contracts, not the private sector
  4. d Using Below-market levels because of low funds, an abundance of workers, good benefits; it increases turnover
  5. e Higher than average pay, attracts better workers

5 Multiple choice questions

  1. Benefit
  2. 1.5 times the normal pay rate for all hours over 40/week an employee works
  3. Time off with pay given to the employee instead of overtime pay
  4. •Calculate hourly rate
    •Multiply hourly rate by 1.5, this is overtime rate
    •Multiple overtime rate by hours of overtime worked
    •Add this overtime pay to normal weekly pay
  5. •Comp time off
    •Incentives for non exempt employees
    •Training time
    •Travel time

5 True/False questions

  1. What effect does an open pay system have on the organization?Has a positive affect on employee retention and org effectiveness

          

  2. Exempt vs. non-exempt employeesExempt employees are not required to be paid overtime, nonexempt have to be paid overtime

          

  3. Fair Labor Standard ActEstablishes a minimum wage
    •Child labor rules
    •Overtime rules

          

  4. Three types of quartile strategies companies use to determine thier pay level•Meet the market
    •Lag the market
    •Lead the market

          

  5. Retirement contribution is an example of what kind of pay?Benefit

          

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