Deck 1: The Pay Model

Question 1

Which of the following is NOT a contributing factor to wage determination?

A) gender
B) education
C) size of organization
D) volunteer experience
E) tenure

Answer 1

volunteer experience

Question 2

Which of the following refers to a multiple meaning of compensation?

A) societal
B) employee
C) stockholder
D) relational
E) personal

Answer 2

relational

Question 3

Which of the following is NOT a form of relational return?

A) employment security
B) recognition and status
C) work-life balance
D) challenging work
E) learning opportunities

Answer 3

work-life balance

Question 4

Working with great co-workers is a(n) _____.

A) incentive
B) entitlement
C) relational return
D) network of returns
E) benefit

Question 5

Paying executives based on company performance measures such as shareholder return can help keep executives focused on the best interests of the company

Question 6

Compensation refers to all forms of non-financial returns and intangible services and benefits that employees receive as part of an employment relationship.

Question 7

Compliance means an organization cares about how its results are achieved

Question 8

How can a well-designed compensation system help achieve and sustain competitive advantage?

Question 9

What are some of the main reasons for the gender wage gap?

Question 10

Why are work-life programs becoming so popular with employers?

Question 11

What is the difference between procedural and distributive fairness?

Question 12

Briefly describe the four main strategic policy decisions in the pay model.