Explain how compensation information is tracked, Operation Management

Assignment Help:

1) An organization following a differentiation strategy would most likely offer a compensation mix which was made up of:

a. performance bonus.

b. comprehensive benefits.

c. annual salary.

d. b and c are correct.

e. All of the above.

2) When determining how to set their level of wages, an organiztaion should consider:

a. laggin the market will lead to increased pay satisfaction.

b. paying at market will decrease the number of applicants.

c. paying at market will help control labor expenses.

d. leading the market will create turnover.

e. leading the market will not attract more or better applicants.

3) Technology has impacted compensation practices in all of the following ways EXCEPT:

a. how salary survey data is collected.

b. how to determine compensable time for employees who telecommute.

c. how expatriate pay rates are determined.

d. how compensation information is tracked.

e. how wage information is shared with employees.

4) To aid in determining what is compensable work time:

a. managers need to verify the accuracy of time records submitted.

b. consistently enforce a compensable time policy and discipline as appropriate.

c. clear polices should be in place explaining what is considered compensable time.

d. a and b are correct.

e. All of the above.

5) When jobs in an organization are valued against each other rather than against some external standard of what is typically a "male" or "female" job, this is known as:

a. minimum wage.

b. internal equity.

c. living wage.

d. external equity.

e. comparable worth


Related Discussions:- Explain how compensation information is tracked

Explain hired assuming a 80 percent target utilization rate, The process fo...

The process for renewing a driver's license at the Archer County Courthouse is as follows. First, the clerk fills out the application; then the clerk takes the driver's picture, an

Explain justify a strategic information system, Why might it be difficult t...

Why might it be difficult to justify a strategic information system?

Cheapest car rental rents cars why getting loses, Cheapest Car Rental rents...

Cheapest Car Rental rents cars at the Chicago airport. The car rental market consists of two segments: the short term segment, which rents for an average of .5 weeks, and the mediu

Explain how can product development costs be minimized by, How can product ...

How can product development costs be minimized by entering the market late

Define what is the sample value of the test statistic, 1. The average laten...

1. The average lateness for one of the top airline companies is 10 minutes. The Standard Deviation of the lateness measure is calculated as 3. An airplane arrived 8.5 minutes after

Depict a forecast on a graph with the actual data, Develop a forecast for y...

Develop a forecast for years 2 through 12 using exponential smoothing with %u03B1 = .4 and a forecast for year 1 of 6. Plot your new forecast on a graph with the actual data and th

Deliberate end users of health data, Identify and deliberate 5 end users of...

Identify and deliberate 5 end users of health data. Be sure to discuss what type of data they might be interested in knowing.

Explain exponential smoothing, An electrical contractor's records during th...

An electrical contractor's records during the last five weeks indicate the number of job requests Week: 1 = 22 requests 2= 24 requests 3= 20 requests 4= 23 requests 5= 24 requests

Road Transport, After working for 30 years, Ramjee Somjee Dutt opted for VR...

After working for 30 years, Ramjee Somjee Dutt opted for VRS and started a courier company and did very well in the first four years. He was now looking for expansion of his busine

What is the goal of swot analysis, The goal of SWOT analysis is to ________...

The goal of SWOT analysis is to ________ the organization's opportunities and strengths while ________ its threats and ________ its weaknesses. (a) avoid; neutralizing; correcti

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd