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5 Written questions

5 Matching questions

  1. Three types of quartile strategies companies use to determine thier pay level
  2. Meeting the market
  3. What do the Walsh-Healy Public Contracts Act and the McNamara-O'Hara Service Contract Act stipulate?
  4. Profit sharing is an example of what kind of pay?
  5. Leading the market
  1. a Higher than average pay, attracts better workers
  2. b Paying on average with similar companies in the market, balances employer cost pressures and the need to attract employees
  3. c Variable pay
  4. d •Meet the market
    •Lag the market
    •Lead the market
  5. e 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

5 Multiple choice questions

  1. Companies are moving away from traditional compensation towards total compensation involving pay for performance
  2. •Skill-based pay
    • Competency based pay
  3. Pays for what the actual job is worth to the company
  4. Establishes a minimum wage
    •Child labor rules
    •Overtime rules
  5. 1.5 times the normal pay rate for all hours over 40/week an employee works

5 True/False questions

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


  2. National Labor Relations ActAllows workers to talk to each other about their pay


  3. Common overtime issuesTime off with pay given to the employee instead of overtime pay


  4. Comp timeTime off with pay given to the employee instead of overtime pay


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


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