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5 Written questions

5 Matching questions

  1. Leading the market
  2. Lagging the market
  3. Common overtime issues
  4. What do the Walsh-Healy Public Contracts Act and the McNamara-O'Hara Service Contract Act stipulate?
  5. How are compensation practices changing?
  1. a Companies are moving away from traditional compensation towards total compensation involving pay for performance
  2. b Higher than average pay, attracts better workers
  3. c 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. d Using Below-market levels because of low funds, an abundance of workers, good benefits; it increases turnover
  5. e •Comp time off
    •Incentives for non exempt employees
    •Training time
    •Travel time

5 Multiple choice questions

  1. Allows workers to talk to each other about their pay
  2. Time off with pay given to the employee instead of overtime pay
  3. Exempt employees are not required to be paid overtime, nonexempt have to be paid overtime
  4. Establishes a minimum wage
    •Child labor rules
    •Overtime rules
  5. Yes

5 True/False questions

  1. How much is the overtime rate?•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. Competancy payPays for what the actual job is worth to the company

          

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

          

  4. What effect does an open pay system have on the organization?Has a positive affect on employee retention and org effectiveness

          

  5. 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