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HRM 1
HRM 2
HRM 3
HRM 4
100
Are pay rates fair in terms of the relative worth of individual jobs to an organization?
Internal Equity
100
Are the wages paid by an organization fair in terms of competitive market rates outside the organization?
External Equity
100
Is each individual’s pay fair relative to that of other individuals doing the same or similar jobs?
Individual Equity
100
Include everything in a work environment that enhances a worker’s sense of self-respect and esteem by others.
Nonfinancial reward
200
Includes both financial and nonfinancial rewards.
What is Compensation?
200
One strategic issue that should influence the design of employee benefits is:
An organization’s stage of development
200
What is workers compensation:
Payments to workers who are injured on the job or who contract a work-related illness
200
Which reward system includes anything an employee's desire and value that an employer is able and willing to offer in exchange for employee contributions?
An organizational reward system
300
The relative size of pay differentials among different segments of the workforce
What is balance?
300
Another major influence on wages in unionized as well as nonunionized firms.
What is Collective bargaining ?
300
What is the purpose of job-evaluation?
To provide a work-related and business-related logic to support decisions about pay.
300
What way are companies trying to keep their employees satisfied besides financial rewards?
gyms, flexible hours, and other amenities
400
What 5 factors determine wage levels?
Labor Market Conditions, Legislation, Collective bargaining, management attitudes, and an Orgs ability to pay
400
These two principles have had the greatest impact on benefits, what are they?
Doctrine of constructive receipt and Anti discrimination rule
400
Components of the benefits package are include:
Cost Security and health benefits, include: Group life insurance Workers compensation Disability insurance Hospitalization, Surgical, and Maternity Coverage Sick-Leave Programs Retirement programs, such as pension, 401K Employee Services, such as counselling, child care, financial planning, etc.
500
Four major income maintenance laws are include:
Social Security Act 1935, Federal Unemployment Tax Act 1935, Workers Compensation, Employee Retirement Income Security Act 1974
500
What areas covered in workers compensation payment:
Payments to replace lost wages Medical treatment and rehabilitation costs Retraining to perform a different type of work if necessary
500
What are the Three dimension that Equity can be assessed on?
Internal Equity External Equity Individual Equity