BAC 322 Test #3 Ch. 7 - 9, 11 (2024)

Base pay with low-incentives should be emphasized when corporate performance variability is

Rater training can reduce bias and improve accuracy of the ratings given

To group jobs that are similar together for pay purposes

When performance based pay is closely related to performance and occurs shortly after the behaviors is the _____ theory

To rank employees from best to worst

The ability triangle includes all of the following EXCEPT

A significant incentive component should be used when corporate performance variability is

The additional output associated with the employment of 1 additional person with other factors held constant

When considering the ppl rating employees, you should consider that raters have different definitions of rating scales

To pay above the market is to ____ the market

Theory on the supply side of labor that suggests job seekers won't accept a job offer below a certain wage

This represents an organization's pay-level policy in relation to what competitors pay for similar jobs

Theory on the demand side of labor that suggests above market pay will improve efficiency of attracting quality workers

A wide array of awards beyond money is good when performance measures are

Control cost, increase revenue and attract and retain employees are the focus of pay level/pay mix

The approach used if the purpose of a survey is to price the entire structure

Performance management, culture, and compensation are part of the _____ triangle

The theory on the demand side of labor that explains the presence of various pay rates in the market.

The ability to haggle/negotiation the price

To pay in consistency with competitors is to lag the market

Monetary rewards should be emphasized when performance measures are

To rank employees with the best employee first, then the worst, then the second best, second to worst....

Which is NOT a category managers can be grouped into for performance reviews

Most graduating students are in this market

This theory is effective when employees can compare their pay to employees and feel it is fair

The approach used (often in a person-based structure) to determine pay between the low & high range

Pay relationships among organizations

This can be found by adding each individual base pay and dividing by the number of people

Pay grades exist when two or more rates are paid to employees in the same job

The rating format when managers answer open-ended questions