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5 Written questions

5 Matching questions

  1. Job-based pay
  2. Fair Labor Standard Act
  3. What effect does an open pay system have on the organization?
  4. What is the current minimum wage?
  5. National Labor Relations Act
  1. a Establishes a minimum wage
    •Child labor rules
    •Overtime rules
  2. b Pays for what the actual job is worth to the company
  3. c $7.25
  4. d Allows workers to talk to each other about their pay
  5. e Has a positive affect on employee retention and org effectiveness

5 Multiple choice questions

  1. Benefit
  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. Rewards employees for what they are capable of doing, instead of what they actually do on the job
  4. 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. Exempt employees are not required to be paid overtime, nonexempt have to be paid overtime

5 True/False questions

  1. Profit sharing is an example of what kind of pay?Benefit

          

  2. How much is the overtime rate?1.5 times the normal pay rate for all hours over 40/week an employee works

          

  3. Comp timeRewards employees for what they are capable of doing, instead of what they actually do on the job

          

  4. Three types of quartile strategies companies use to determine thier pay level•Meet the market
    •Lag the market
    •Lead the market

          

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

          

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