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RE: Introduction
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Question 1
1.
A company which wishes to attract highly skilled employees would tend to follow which pay policy?
Answer

Lead

Lead/Lag

Lag

Unweighted means
2 points
Question 2
1.
Joe is a mechanic and has a compa-ratio of 0.90. This means that his pay:

2. Answer

Is 10% above the intended pay policy

Is 90% of minimum

Is 90% of maximum

Is 90% of midpoint
2 points
Question 3
1.
This occurs when the pay range of a lower level position overlaps a higher level position too much 2. Answer

Fruit basket upset

Regression

A lag pay policy

Compression
2 points
Question 4
1.
The organization's pay relative to its competitors:

2. Answer

Broadbanding

Internal equity

External competitiveness

Regession
2 points
Question 5
1.
In determining internal job structure, what is the correct order for the process?

2. Answer

Job analysis, job evaluation, job descriptions, job structure

Job analysis, job descriptions, job evaluation, job structure

Job descriptions, job analysis, job structure, job evaluation

Job descriptions, job analysis, job evaluation, job structure
2 points
Question 6
1.
According to the efficiency wage theory: 2. Answer

Efficiency increases by hiring better employees

Efficiency is affected by the law of diminishing returns

Efficiency is the net result of of the advantages and disadvantages of compensating differentials

Signals that employers deliberately design pay levels and mix as part of the strategy that signals the kinds of pay that are sought
2 points
Question 7
1.
"Pay directs and motivates employee performance" describes the Expectancy Motivation Theory?

2. Answer True False
2 points
Question 8
1.
Discuss the compensation choices that


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