Compensation Benefits - 1892 Words

Compensation Benefits BUS455 Final Exam This is an open book and open notes exam. You may use whatever materials you feel necessary. I strongly recommend that you refer to the text and Lecture Notes that you read. There are a total of sixty (60) points available on this exam. Multiple Choice 1) Which of the following is least likely to be used as a skill-based certification method? a. tests b. college degree c. peer review d. on-the-job demonstration 2) An inappropriate way to assess the acceptability of a job evaluation plan and its resulting job structure is __________________. a. examine the number of formal appeals b. examine the number of requests for reanalysis c. conduct employee attitude surveys d. examine the†¦show more content†¦rater stores this information in memory, but some of it may be forgotten; d. All of the above 4 26) The first issue in setting up a benefits package is _______________. a. who should be protected or benefited b. how much choice should employees have among benefits c. how should benefits be financed d. are benefits legally defensible 27) All but which of the following is a condition supporting use of individual incentives? a. task accomplishment is independent of others b. the worker has a strong commitment to their profession c. production methods and labor mix are stable d. presence of a union 28) Which of the following acts has caused HR and information technology staff considerable difficulty regarding compliance and privacy? a. COBRA b. HIPPA c. FMLA d. ERISA 29) Jennifer is hurt at work while driving a forklift. Her employer claims that she was driving too fast and therefore she is responsible for her own injury and should not receive workers compensation. What will be the outcome of the employers challenge to her workers compensation claim? a. she will likely receive workers compensation benefits b. she will get nothing c. Jennifer and her employer will share the blame and split the costs d. it is up to the employer 30) Employers seek to avoid unionization by offering workers____________. a. a more flexible work schedule b. a voice in the management decision making process c. better profit sharingShow MoreRelatedCompensation and Benefits1695 Words   |  7 Pages | |Compensation and Benefits | |Human Resource Management Coures | | Employee compensation and benefits are critical factors in the new hire acceptance process andRead MoreCompensation and Benefits2496 Words   |  10 PagesCompensation and Benefits: Methods, Strategies and Performances LaTonya Hopes This paper is submitted in partial fulfillment of the requirements for Human Resource Administration BUS 5273-50 Texas Woman s University School of Management Dr. Derek Crews February 8, 2013 Table of Contents Abstract †¦Ã¢â‚¬ ¦....................................................................................................................... 3 Introduction †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 4 LiteratureRead MoreCompensation and Benefits Essay1427 Words   |  6 PagesCourse Project The Compensation and Benefits of the Dooly County School System [pic] Renee Bowens HRM430 Professor Eureka Hampton August 16, 2009 DeVry University Abstract This report will show what compensation and benefits are offered to the employees of Dooly County. It will also show how a sick leave bank would benefit the employees that have exhausted their sick and personal leave days in order to care for themselves or their families. I hope this paper will show readers thatRead MoreConsiderations for Compensation and Benefits1442 Words   |  6 PagesConsiderations for Compensation and Benefits Abstract Compensation is one of the most important considerations perspective employees will make prior to accepting a job offer. For this reason, another performance of Human Resource (HR) professionals is the compensation analysis. The focus of the analyst in this position is to use strategy in formulating compensation and benefits packages that are attractive and conducive to maintaining talented employees (Editorial Board, 2011). As another criticalRead MoreBenefits Of A Executive Compensation1390 Words   |  6 Pagescomplaining about the high executive compensation in the companies. They believe that such executives are draining the resources of such companies at the expense of the shareholders. Despite the non-binding votes from the shareholders against high levels of executive pay, many companies have given a deaf ear to them. Reduction of executive compensation has been a major challenge to many companies. There are various impediments in effecting a reduction in executive compensation. Hiring and retaining top-caliberRead MoreEssay on Compensation and Benefits Strategy1040 Words   |  5 PagesCompensation and Benefits Strategy Landslide Limousine (LL), a small business in Austin, Texas, hired Atwood and Allen Consulting (AAC) to conduct a market evaluation and provide recommendations for the following: a position in the market, a compensation structure, a total compensation and benefits strategy, and performance incentives and merit-based pay to recognize and engage employees. This will help to identify applicable laws related to pay and benefits. This paper includes citations fromRead MoreBenefits And Benefits Of Compensation Packages1182 Words   |  5 PagesWhat is a compensation packages? Compensation packages are a group of different benefits that employees gain for employers. Compensation is needed for every business no matter what it is to be successful; I do not know anyone who would work for free. (â€Å"Cost-benefit analysis assesses the profitability of a financial endeavor by considering the present value of each cost and benefit. Present values are used under the assumption that money avail able now is worth more than money in the future. That isRead MoreEmployee Compensation And Benefits Package Essay905 Words   |  4 PagesIntroduction – Employee Compensation and Benefits This paper will outline an employee compensation and benefits package for a new hire for a secretary for the department. First, it will describe the organization I chose for designating a compensation package. Next, this paper will develop an employee compensation and benefits package for this new position. This paper will outline an employee compensation and benefits package for a new hire for a secretary for the department. First, it will describeRead MoreEmployee Compensation And Benefits Packages Essay1245 Words   |  5 PagesEmployee Compensation and Benefits Organizations create compensation and benefits packages in order to attract the best talent. In today’s global economy it is imperative that organizations offer compensation packages that are competitive in order to recruit the very best talent in the world. However, in order to be successful, compensation packages must align with business strategies. Authors â€Å"Mathis, Jackson, and Valentine (2014) explain that an effective total rewards approach balances theRead MoreEmployee Compensation And Benefits Packages Essay1537 Words   |  7 PagesIntroduction In today’s competitive workforce, compensation and benefit packages plays a crucial role on recruitment and retention for both the organization and the employee. Bumpbie finds itself in a situation where it could positively affect its employee’s morale, turnover rate and longevity; by making a strategic decision to implement compensation and benefit packages that will encourage current workers to stay and entice new applicants. Money is not always the inherent reason businesses experience