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5 Written Questions

5 Matching Questions

  1. Meeting the market
  2. What is the current minimum wage?
  3. Leading the market
  4. To calculate overtime
  5. Lagging the market
  1. a •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
  2. b $7.25
  3. c Using Below-market levels because of low funds, an abundance of workers, good benefits; it increases turnover
  4. d Paying on average with similar companies in the market, balances employer cost pressures and the need to attract employees
  5. e Higher than average pay, attracts better workers

5 Multiple Choice Questions

  1. Exempt employees are not required to be paid overtime, nonexempt have to be paid overtime
  2. Yes
  3. Benefit
  4. Establishes a minimum wage
    •Child labor rules
    •Overtime rules
  5. Rewards employees for what they are capable of doing, instead of what they actually do on the job

5 True/False Questions

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


  2. When an employer wants to pay employees for what theyre capable of and not what theyre actually doing, they want to use these pay systemsHas a positive affect on employee retention and org effectiveness


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


  4. What do the Walsh-Healy Public Contracts Act and the McNamara-O'Hara Service Contract Act stipulate?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. Job-based payRewards employees for what they are capable of doing, instead of what they actually do on the job


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