WITH CORRECT ANSWERS GRADED A+
◍ first dollar of profits.
Answer: % of profits paid up to a certain dollar amount
◍ individual incentives.
Answer: reward system based on individual performance and outcomes
◍ interindustry wage differentials.
Answer: variations in wages and benefits influenced by factors like industry
profitability, location, union representation, and skill shortages
◍ broadbanding.
Answer: pay structure with fewer pay ranges and grades, offering more
flexibility
◍ base pay.
Answer: majority of pay for most incentivized employees
◍ 2-tier pay systems.
Answer: assigns new hires and tenured employees to different pay scales
based on seniority
◍ PPO's.
Answer: negotiate set rates with providers, offering choice and higher
patient volumes
◍ Employee Assistance Program (EAP).
Answer: provides services like counseling, legal consultations, and daycare
lists
◍ job descriptions.
Answer: formatted documents detailing job titles, purpose, summary, and
, worker specifications
◍ internal consistency.
Answer: ensuring fairness and equity in pay structures within an
organization
◍ full-employment market.
Answer: high demand for workers, leading to quicker benefit provision as an
incentive
◍ broker role.
Answer: assisting in selecting meaningful benefits and negotiating costs for
employers
◍ human capital theory.
Answer: theory assuming that an employee's value increases with their
knowledge and skills over time, forming the basis for seniority-based pay
◍ errors of central tendency.
Answer: rating all employees as average to avoid making tough decisions in
the performance appraisal
◍ Affordable Care Act (ACA).
Answer: legislation in 2010 that mandated healthcare coverage
◍ common review system.
Answer: solves missed deadlines but can burden organizations and managers
with many direct reports
◍ ERISA.
Answer: legislation providing protection for employee benefits, including
medical, disability, life, and pension plans, with stipulations on fiduciary
duties, plan-funding rules, and required disclosures
◍ Neurodivergent (5).
Answer: Difficultly with social InteractionDifficultly with sensory
processingIntense interest in a particular topicRepetitive behaviors or
routinesDifficultly organizing thoughts
, ◍ trait method.
Answer: performance appraisal method that assesses employee
characteristics like dependability, quality, or quantity of work
◍ eligibility determination.
Answer: process to decide which employees qualify for benefits based on
hours worked and contributions made
◍ English Learners (EL).
Answer: Individuals who are learning English as a second language
◍ sales incentive plan types.
Answer: includes salary only, salary plus bonus, salary plus commission,
commission plus draw, or commission only
◍ language disorder.
Answer: Impairment in comprehension and/or use of spoken, written, and/or
other symbol systems
◍ compensable factors.
Answer: characteristics like working conditions, skill, and responsibility that
determine pay differentials
◍ Implementing 504 plans (6).
Answer: Familiarize yourselfCollaborateAccommodate consistentlyMonitor
and adjustInclusive environmentAdvocate
◍ Civil Rights Act.
Answer: legislation prohibiting discrimination based on race, color, religion,
sex, or national origin in employment practices
◍ Disability Components.
Answer: ImpairmentParticipation RestrictionsActivity Limitations
◍ merit adjustments.
Answer: salary increases based on individual performance
◍ paid time off (PTO).