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5 Written questions

5 Matching questions

  1. Competancy pay
  2. Retirement contribution is an example of what kind of pay?
  3. What is the current minimum wage?
  4. How much is the overtime rate?
  5. Leading the market
  1. a 1.5 times the normal pay rate for all hours over 40/week an employee works
  2. b $7.25
  3. c Rewards employees for what they are capable of doing, instead of what they actually do on the job
  4. d Benefit
  5. e Higher than average pay, attracts better workers

5 Multiple choice questions

  1. Pays for what the actual job is worth to the company
  2. Allows workers to talk to each other about their pay
  3. 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. Has a positive affect on employee retention and org effectiveness
  5. Establishes a minimum wage
    •Child labor rules
    •Overtime rules

5 True/False questions

  1. Three types of quartile strategies companies use to determine thier pay levelVariable pay


  2. Profit sharing is an example of what kind of pay?Variable pay


  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•Skill-based pay
    • Competency based pay


  4. Exempt vs. non-exempt employees•Comp time off
    •Incentives for non exempt employees
    •Training time
    •Travel time


  5. To calculate overtime•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


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