Strategic pay plan

Which of the following are the two main components of employee compensation?

• A) Payroll costs and government taxes

• B) Direct and indirect financial payments

• C) Regular pay and bonuses

• D) Salary or wages and overtime pay

• E) Earnings and incentives

Victoria has been a contract worker for a construction company and has just been offered a full-time, non-contract position. She will now receive additional benefits, such as employer-paid insurance and vacation; what are these components of employee compensation called?

• A) Indirect deposits

• B) Indirect financial payments

• C) Variable payments

• D) Direct deposits

• E) Direct financial payments

Fareena runs a small manufacturing company. A worker hurt his hand on a vertical grinding machine. Fareena filed the proper legal documents quickly so that the worker could receive benefits while recovering from his injury. Which type of legislation did Fareena adhere to?

• A) Pay equity

• B) Workers compensation

• C) Human rights

• D) Overtime pay

• E) Pensions

Justin used to assemble 18 desks per hour during his shift for the furniture company he works for; then he found out that other workers who only assemble 13 to 15 desks per hour were receiving the same compensation as he was. Justin now assembles 14 desks per hour. Which of the following would help to explain Justin's behaviour?

• A) Pay scales

• B) Workers compensation

• C) Human rights

• D) Equity theory

• E) Piece work

Julien and Bernard, friends in the same commerce program, find similar summer jobs at different banks at the end of their winter school terms. Julien learns that Bernard's compensation is 11% more than what he is being paid. Julien feels that his employer provides unfair compensation and begins looking for a new job; what is this an example of?

• A) Pay equity legislation

• B) Controllable equity

• C) External equity

• D) Comparable equity

• E) Internal equity

Elaine runs a call centre in Calgary. She is worried that her employees will leave for a similar role at another call centre nearby. What tool will help her determine if her employees are being paid competitively?

• A) Employee grievances

• B) Pay equity legislation

• C) Human rights acts

• D) Performance appraisals

• E) Salary surveys

Jeffrey is the newly hired HR professional who is responsible for evaluating compensation practices at the company. To determine if there are issues with internal equity, he has chosen to conduct a job evaluation according to the method popularized by the Hay Group consulting firm; which of the following are the compensable factors that this specific method uses in order to evaluate jobs?

• A) Skill, effort, problem solving, and working conditions

• B) Responsibility, skill, effort, and working conditions

• C) Know-how, problem solving, accountability, and working conditions

• D) Effort, responsibility, authority, and working conditions

• E) Knowledge, problem solving, responsibility, and working conditions

34) Which job evaluation method identifies compensable factors in a job as well as the degree to which each of these factors is present in the job and then calculates a value for each job?

• A) Factor comparison method

• B) Ranking method

• C) Point method

• D) Hay plan method

• E) Job classification method

The purpose of the wage curve is to show which of the following?

• A) The relationship between the value of the job and the employee's performance

• B) The relationship between the value of the job and the current average pay rates for each job or grade

• C) The relationship between the value of the job and the company's performance

• D) The relationship between the current average pay rates for each job or grade and the employee's satisfaction

• E) The relationship between the current average pay rates for each job or grade and the employee's seniority

ABC Healthcare has a pay range for its occupational therapists which is $55,000 to $75,000. A small ground of employees who merged with the company during a recent acquisition are paid $80,000 and above. What is the term to define their circumstance?

• A) Red circle pay rates

• B) Premium job pay rates

• C) Excessive pay rates

• D) Overage pay rates

• E) Outlier pay rates