What is merit pay - Study guides, Class notes & Summaries

An employee has worked for the same company in two locations over the course of 20 years in Europe and North America. The employee has been trained as an international trade specialist and has been promoted to manager of international operations. Which pay basis should be used to compensate this employee? YOUR ANSWER CORRECT ANSWER Merit-based pay Seniority-based pay Experience-based pay Competency-based pay 2. Which two approaches apply to internal reward alignment? Choose 2 answ...

Seniority Pay and Longevity Pay Systems correct answers These systems reward employees with periodic additions to base pay according to employees' length of service in performing their jobs. These pay plans assume that: 1. employees become more valuable to companies with time 2. valued employees will leave if they do not have a clear idea that their salaries will progress over time. This concept is also known as the human capital theory. correct answers What are the two assumptions made...

Perquisites Special incidental payments, benefits,or privileges given to individual employees, over and abovetheir regular rewards Recruitment Process of encouraging candidates to apply for job openings Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:06 / 0:15 Full screen Seniority System that shows preference to employees with the longest service Stress interview Type of interview in which interviewer assumes an a...

Which two approaches apply to internal reward alignment? Job-based approach and individual-based approach Which provision applies if a job is covered by the Fair Labor Standards Act? a. Employees' pay rates may be based on an employee's personal characteristics such as gender or age. b. Employers are exempt from paying the standard minimum wage and may set the wage they are willing to pay. c. Employees and independent contractors must be paid the same if they are performing the same or ...

What is EEO? : treatment of individuals in all aspects of employment - hiring, promotion, training, etc. - in a fair and nonbiased manner Is EEO the same thing as quotas? : no they are not What are quotas? : "set aside" positions on basis of protected characteristics 2 | P a g e Are quotas legal? : no they are not What is the Equal Pay Act (EPA) of 1963? : outlaws discrimination in pay, benefits, pensions based on worker's gender According to the EPA, it is ok if discriminate if ...

400 Must Have Words for the TOEFL Exam Questions with Verified Answers 2023 abandon (v.) - CORRECT ANSWER to leave; to give up Ex: To save their lives, the sailors had to ~ the sinking ship. adversely (adj.) - CORRECT ANSWER in a harmful way; negatively Ex: Excessive rainfall early in the spring can ~ affect the planting of crops. Usage Tips: ~ is often followed by affect. aggregate (adj.) - CORRECT ANSWER gathered into or amounting to a whole Ex: It is impossible to judge last ye...

MHR 523Practice Final Exam SOLUTIONS Toronto Metropolitan University | Questions with 100% Correct Answers | Verified Multiple Choice: 40 marks (1 mark per question) Please record your answer (only one response – a, b, c, d, or e) in the table at the end of this section. 1) Once employees have been recruited and selected, the next step would be A) orientation to learn about the company's background and their role. B) onboarding to learn about pay scales and career planning. C) orientat...

MGMT 325 Final Exam | Questions and Answers ____ states that our actions must be dependent on the nature of the situation a) outside the box thinking b) contingency thinking c) reciprocal thinking d) positive thinking The beliefs associated with psychological empowerment a) meaningfulness, self-determination, impact, and influence b) self-determination, competence, impact, and influence c) competence, self-determination, impact, and meaningfulness d) competence, meaningfulness, impact, and inf...

CDCR Sergeant ExamUse of Force Policy Title 15 3268 To accomplish the custodial and correctional functions with minimal reliance on the use of force. 3 Steps of Progressive Employee Discipline 1. Preventative 2. Corrective 3. Adverse Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:02 / 0:15 Full screen Employee Discipline: Preventative Action 1. Ensure employee knows and understands what is expected of himself, set expec...

HRM 361 Final Exam Questions with All Correct Answers Understand the components of total rewards and more specifically, the components of pay; - Answer-Total rewards include direct pay. base salary, variable pay, promotional increases. Indirect pay - benefits, training and recognition. Because it is typically a company's most significant investment, the management of total rewards should be part of the overall strategic business plan. A first step in assessing total reward offerings begins b...