5 Written questions
5 Matching questions
- Contribution to employee health care accounts is an example of what kind of pay?
- Do training and travel time count as work time?
- Competancy pay
- What effect does an open pay system have on the organization?
- What do the Walsh-Healy Public Contracts Act and the McNamara-O'Hara Service Contract Act stipulate?
- a Rewards employees for what they are capable of doing, instead of what they actually do on the job
- b 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
- c Benefit
- d Has a positive affect on employee retention and org effectiveness
- e Yes
5 Multiple choice questions
- Time off with pay given to the employee instead of overtime pay
- Pays for what the actual job is worth to the company
- Allows workers to talk to each other about their pay
- •Comp time off
•Incentives for non exempt employees
5 True/False questions
Exempt vs. non-exempt employees → Paying on average with similar companies in the market, balances employer cost pressures and the need to attract employees
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 → Has a positive affect on employee retention and org effectiveness
Lagging the market → Using Below-market levels because of low funds, an abundance of workers, good benefits; it increases turnover
Profit sharing is an example of what kind of pay? → Variable pay
How are compensation practices changing? → Companies are moving away from traditional compensation towards total compensation involving pay for performance