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5 Written questions

5 Matching questions

  1. How much is the overtime rate?
  2. What effect does an open pay system have on the organization?
  3. Fair Labor Standard Act
  4. Retirement contribution is an example of what kind of pay?
  5. Three types of quartile strategies companies use to determine thier pay level
  1. a Benefit
  2. b Has a positive affect on employee retention and org effectiveness
  3. c •Meet the market
    •Lag the market
    •Lead the market
  4. d 1.5 times the normal pay rate for all hours over 40/week an employee works
  5. e Establishes a minimum wage
    •Child labor rules
    •Overtime rules

5 Multiple choice questions

  1. Time off with pay given to the employee instead of overtime pay
  2. •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
  3. Pays for what the actual job is worth to the company
  4. Allows workers to talk to each other about their pay
  5. •Skill-based pay
    • Competency based pay

5 True/False questions

  1. What is the current minimum wage?1.5 times the normal pay rate for all hours over 40/week an employee works

          

  2. Contribution to employee health care accounts is an example of what kind of pay?Benefit

          

  3. 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

          

  4. Do training and travel time count as work time?1.5 times the normal pay rate for all hours over 40/week an employee works

          

  5. Competancy payPays for what the actual job is worth to the company

          

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