Reference no: EM132232757
1. A relatively inflexible compensation system is_________, which determines the value of the jobs employees hold rather than paying individuals for the capabilities they bring to the organization.
A. skill-based pay
B. merit-base pay
C. job-based pay
D. performance-based pay
2. To motivate employees to achieve better results, a company may use a __________ plan, such as bonuses based on goal achievement or profit sharing.
A. pay-for-performance
B. job-based pay
C. skill-based pay
D. benefits
3. To learn why employees are dissatisfied with the company, managers may conduct __________ with departing workers.
A. job evaluations
B. exit interviews
C. wage surveys
D. job analyses
Denise Bennett, the owner and CEO of Extreme Routes, an indoor rock-climbing gym, needed to clear her head. She wanted to do what she did best—climb a really difficult route, at least a 5.11 on the Yosemite Decimal System, preferably with a difficulty suffix of c or d.
“Kitty, will you set up a new route for me? And make it hard.”
“Sure thing, boss. Is 5.12d okay?” Kitty, the route setter and instruction manager, had been at Extreme Routes for seven years and was one of Denise’s closest friends.
“Perfect!”
Knowing a treat would be waiting for her that afternoon, Denise turned back to the spreadsheet in front of her. What was she going to do about these expenses? She had a good staff, and she wanted to keep them, but she wasn’t sure she was spending her budget for salaries and benefits as effectively as possible.
Denise had a basic compensation plan in place. Route setters were paid the most, because without new routes, the gym’s clients wouldn’t keep returning. Climbing instructors had the next highest take-home pay, and front desk staff were paid the least. Everyone who worked for Denise had medical, dental, vision, and life insurance. During the last staff meeting, both Kitty and Misha, the front desk manager, mentioned that many of their employees wanted to move up in the organization. That was fine with Denise, whose strategic plan included opening a new gym within the year.
4. If Denise wants to know how much the jobs in her gym are worth in comparison to one another, she should do a:
A. Job specification analysis
B. Job evaluation
C. Wage and salary survey
D. Job description analysis
5. If Denise institutes a _________ she needs to be careful that her employees are rewarded only for behaviors that actually help the company in both the short term and the long term.
A. job-based pay system
B. skill-based pay system
C. pay-for-performance plan
D. Career development pay plan
6. Denise should be aware that U.S. legislation was recently passed requiring all employers with more than 50 employees to provide __________ insurance benefits.
A. dental
B. vision
C. health
D. life