Pay Policies
Pay Forms/Mix
Case Facts
Pay Theories
Random
100
  •  A pay policy most likely to reduce pay dissatisfaction is _____.

What is a lead policy?

100
  • The sum of (Base + Bonuses + Benefits + Value of Options) / # of Employees equals  _______.

What is the pay level? 

100
  1. Where is Northern Software in our case located?

What is Toronto, Ontario?

100

Northern software has decided to use a student internship program to hire more engineers. Is this ideal for Northern Software?

What is yes

100

_______   refers to the organizations pay policies relative to its competitors?

What is external competition?

200
  • The most common pay policy is _______.

What is a match policy? 

200

_______ refers to various types of payments, or pay forms that make up total compensation.

What is a pay mix? 

200
  1. Which company was not presented as a competitor of Northern Software in today’s presentation? 
    1. ADA
    2. Hootsuite
    3. Accenture
    4. Shopify
  • What is Hootsuite?
200

Northern software has decided to use the efficiency wage theory for hiring their marketing manager. Is this ideal for Northern Software?

What is no? 

200

________ is a financial advantage for the company when incorporating student internships.

What is low cost? 

300
  • Which pay policy has a disadvantage in attracting potential employees?

What is a lag policy? 

300
  • ______________ have an impact on labour costs ie. As pay level increases, labour costs decrease.

What are pay decisions? 

300
  1. In Northern Software, our goal is to determine how much we should pay our _________.
  • What is a marketing manager?
300

What is the pay theory used to erase market complications and eliminate disappointments?

  • What is reservation wage?
300

________ is a pay theory used for specialized workers and skills.

What is efficiency wage theory?

400
  • Average Google Software Engineer yearly pay in the United States is $152,341, when the national average salary for a Software Engineer is $93,954 per year. What pay policy is Google using?

What is lead policy? 

400
  • The objectives of the pay level and pay mix are to attract/retain employees, increase revenues and _________.

What is cost control?

400

Our recommendation is to pay our marketing manager $__________.

What is $60,000?

400

Company A is an engineering company that features: 

  • High base pay
  • Specialized skills needed
  • Skilled workers
  • Higher autonomy 
  • What pay theory are they using?

What is the efficiency wage theory? 

400

A  ____________ based pay program, is a pay mix strategy that gives the opportunity for employees to obtain recognition and reward, while tracking high work effort and efficiency within the company.

  • What is performance-based? 
500
  • Lead the market policy reduces  ________, absenteeism, vacancy rates and training time.

What is a turnover? 

500
  • Strategically setting a pay level that is above, below, or equal to that of competitors helps achieve  _________.

What is external competitiveness? 

500

Our third step in our action plan is to implement _______.

What are Student Internship Programs? 

500

ADA, Toronto, a main competitor of Northern Software (mentioned in the slides) is a company that offers: 

  • Low base pay (competitive)
  • Flexible benefits
  • Generous stock options
  • Development of opportunities

What pay theory are they using?

What is signalling? 

500

_______ is a pay theory (mentioned in last weeks class) used for more undesirable positions with negative attributes, but offers high compensable factors and high pay to attract or retain workers.

  • What is compensating differentials theory?
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