HRM CHAPTERS 9-12 QUIZ WITH 100%
CORRECT ANSWERS { GRADED A+}
surveys of other organizations conducted to learn what they are paying for specific
jobs or job classes - ✔✔compensation surveys
a federal law that sets standards for minimum wages, overtime pay, and equal pay
for men and women performing the same jobs - ✔✔Fair labor standards act
all of the potential employees located within a geographic area from which the
organization might be able to hire - ✔✔labor markets
the range of possible pay for a group of jobs - ✔✔pay grade
meet one of the FLSA exemption tests, are paid on a fixed salary basis, and are not
entitled to overtime - ✔✔exempt employees
Given to employees upon termination of their employment. - ✔✔severance pay
, do not meet any one of the FLSA exemption tests and are paid on an hourly basis
and covered by wage and hour laws regarding minimum wage, overtime pay, and
hours worked - ✔✔non-exempt employees
reflects the size and scope of an employee's responsibilities - ✔✔base pay
bases some or all of an employee's compensation on employee, team, or
organizational performance - ✔✔variable pay
differences in wages between various workers, groups of workers, or workers
within a career field - ✔✔wage differentials
the financial and non-financial rewards for which employees exchange their labor -
✔✔compensation
Everything an employee perceives to be of value that results from the employment
relationship. - ✔✔total rewards
the relative emphasis given to different compensation components - ✔✔pay mix
basic provisions are prohibitions against gender-based wage discrimination -
✔✔equal pay act
CORRECT ANSWERS { GRADED A+}
surveys of other organizations conducted to learn what they are paying for specific
jobs or job classes - ✔✔compensation surveys
a federal law that sets standards for minimum wages, overtime pay, and equal pay
for men and women performing the same jobs - ✔✔Fair labor standards act
all of the potential employees located within a geographic area from which the
organization might be able to hire - ✔✔labor markets
the range of possible pay for a group of jobs - ✔✔pay grade
meet one of the FLSA exemption tests, are paid on a fixed salary basis, and are not
entitled to overtime - ✔✔exempt employees
Given to employees upon termination of their employment. - ✔✔severance pay
, do not meet any one of the FLSA exemption tests and are paid on an hourly basis
and covered by wage and hour laws regarding minimum wage, overtime pay, and
hours worked - ✔✔non-exempt employees
reflects the size and scope of an employee's responsibilities - ✔✔base pay
bases some or all of an employee's compensation on employee, team, or
organizational performance - ✔✔variable pay
differences in wages between various workers, groups of workers, or workers
within a career field - ✔✔wage differentials
the financial and non-financial rewards for which employees exchange their labor -
✔✔compensation
Everything an employee perceives to be of value that results from the employment
relationship. - ✔✔total rewards
the relative emphasis given to different compensation components - ✔✔pay mix
basic provisions are prohibitions against gender-based wage discrimination -
✔✔equal pay act
