CHAPTER 12 - HRIR 3021 EXAM QUESTIONS AND ANSWERS
WITH COMPLETE SOLUTIONS GRADED A++ LATEST UPDATE
Job structure
The relative pay for different jobs within the organization
Pay level
The average amount (including wages, salaries, and bonuses) the organization pays for
a particular job
Pay structure
The pay policy resulting from job structure and pay level decisions
Minimum wage
The lowest amount that employers may pay under federal or state law, stated as an
amount of pay per hour
Fair labor standards act (FLSA)
Federal law that establishes a minimum wage and requirements for overtime pay and
child labor
Exempt employees
Managers, outside salespeople, and any other employee not covered by the FLSA
requirement for overtime pay
Nonexempt employees
Employees covered by the FLSA requirements for overtime pay
Benchmarking
, A procedure in which an organization compares its own practices against those of
successful competitors
Job evaluation
An administrative process for measuring the relative internal worth of the organization's
jobs
Hourly wage
Rate of pay per hour worked
Piecework rate
Rate of pay per unit produced
Salary
Rate of pay per week, month, or year worked
Pay policy line
A graphed line showing the mathematical relationship between job evaluation points
and pay rate
Pay grades
Sets of jobs having similar worth or content, grouped together to establish rates of pay
Pay range
A set of possible pay rates defined by a minimum, maximum, and midpoint of pay for
employees holding a particular job or a job within a particular pay grade
Pay differential
Adjustment to a pay rate to reflect differences in working conditions or labor markets
Delayering
Reducing the number of levels in the organization's job structure
WITH COMPLETE SOLUTIONS GRADED A++ LATEST UPDATE
Job structure
The relative pay for different jobs within the organization
Pay level
The average amount (including wages, salaries, and bonuses) the organization pays for
a particular job
Pay structure
The pay policy resulting from job structure and pay level decisions
Minimum wage
The lowest amount that employers may pay under federal or state law, stated as an
amount of pay per hour
Fair labor standards act (FLSA)
Federal law that establishes a minimum wage and requirements for overtime pay and
child labor
Exempt employees
Managers, outside salespeople, and any other employee not covered by the FLSA
requirement for overtime pay
Nonexempt employees
Employees covered by the FLSA requirements for overtime pay
Benchmarking
, A procedure in which an organization compares its own practices against those of
successful competitors
Job evaluation
An administrative process for measuring the relative internal worth of the organization's
jobs
Hourly wage
Rate of pay per hour worked
Piecework rate
Rate of pay per unit produced
Salary
Rate of pay per week, month, or year worked
Pay policy line
A graphed line showing the mathematical relationship between job evaluation points
and pay rate
Pay grades
Sets of jobs having similar worth or content, grouped together to establish rates of pay
Pay range
A set of possible pay rates defined by a minimum, maximum, and midpoint of pay for
employees holding a particular job or a job within a particular pay grade
Pay differential
Adjustment to a pay rate to reflect differences in working conditions or labor markets
Delayering
Reducing the number of levels in the organization's job structure
