Question 1

Internal alignment refers to comparisons among jobs or skill levels inside a single organization.

Accepted Answer

Internal alignment refers to the process of comparing jobs or skill levels within a single organization to ensure that they are fairly compensated in relation to each other. This includes comparing the value, complexity, and responsibility of different roles within the organization.

Question 2

Describe the various returns received from work.

Accepted Answer

The answer of Describe the various returns received from work....

Question 3

What are the different ways in which pay can influence employee motivation and behavior?

Accepted Answer

The answer of What are the different ways in which...

Question 4

Even if the federal compensation laws change, it is unnecessary to change pay systems to ensure continued compliance.

Accepted Answer

If federal compensation laws change, pay systems may need to be adjusted to ensure compliance with the new regulations. Failure to adapt to changes in the law could lead to legal and financial consequences.

Question 5

A study found that only a very small amount of change in CEO pay is related to changes in company performance.

Accepted Answer

The study found that there is a very small amount of correlation between CEO pay and changes in company performance.

Question 6

Describe the perspective of stockholders on compensation.

Accepted Answer

The answer of Describe the perspective of stockholders on compensation....

Question 7

Management and HR research has conclusively shown that goal setting and job enrichment produce the largest and most reliable increases in job performance.

Accepted Answer

Research indicates that while goal setting and job enrichment can improve job performance, they are not conclusively the largest or most reliable factors, as other elements like feedback, motivation, and organizational culture also play significant roles.

Question 8

Explain the basic compensation objectives of pay systems.

Accepted Answer

The answer of Explain the basic compensation objectives of pay...

Question 9

Objectives guide the design of pay systems and provide the standards for evaluating their effectiveness.

Accepted Answer

Objectives are essential in determining the design and effectiveness of pay systems. They provide direction in developing pay structures that align with organizational goals and enable the evaluation of the effectiveness of the systems in achieving these goals.

Question 10

Causality is one of the most difficult questions to answer and continues to be an important and sometimes perplexing problem for researchers.

Accepted Answer

Causality is indeed one of the most challenging questions in research, and it is an ongoing topic of debate and exploration.

Question 11

The R², which is an output from a regression analysis, is different from correlation in that it tells us what percentage of the variation is accounted for by the variables we are using to predict or explain.

Accepted Answer

The answer of The R², which is an output from...

Question 12

Since HR research contains information useful to managers, most managers read research in HR management, and compensation journals.

Accepted Answer

Most managers may not regularly read HR management and compensation journals due to time constraints or reliance on HR specialists for such information.

Question 13

Monetary incentives produce the biggest increases in job performance.

Accepted Answer

According to research on motivation and job performance, monetary incentives have been found to produce the biggest increases in job performance. However, it is important to note that other factors such as job satisfaction, job security, and recognition also have an impact on performance. Additionally, the effectiveness of monetary incentives can depend on the individual and the nature of the task or job.

Question 14

List the basic elements of the pay model.

Accepted Answer

The answer of List the basic elements of the pay...

Question 15

A study of IBM showed that its long-standing policy of no layoffs was the major cause of its strong profits.

Accepted Answer

IBM has not maintained a long-standing policy of no layoffs; the company has had layoffs in the past, and its profits are influenced by various factors, not solely employment policies.

Quiz 1: Pay-For-Performance: The Evidence