HRM 1

For Elianna who is a salesperson, she is given elements for her job that she must know like her company’s products and services, identifying the needs of customers and actively selling in order to be successful at work, these qualities elements are known as:

Ryan is working at Big Bob’s Car Lot, his pay is getting a percentage of his sales, computed in dollars, the more cars he sells, the better pay for Ryan, this type of compensation is known as what?

A gentleman was hired in a large department store as a shoe salesman. During the hiring process he was told that his pay would be a percentage of the sales that he makes. What kind of compensation is this?

Some organizations establish specific policies about where they wish to be positioned themselves in the labor market. These policies use a/an ____ strategy.

What are 3 common types of financial benefits?

Under the 3 categories of variable pay, which pay plan offers piece-rate systems, bonuses, special incentive programs, and sales compensation?

Which of the following is NOT what the Fair Labor Standards Act (FLSA) focuses on?

John the store manager had Jasmine a Sales Representative conduct an a performance evaluation on Steven, another sales representative. Jasmine conducted which of the following?

To meet Fair Labor Standards Act (FLSA) requirements, employers must keep acuurate time records and maintain those records for how long?

Julia’s new job offers her _____________ which gives her the option to select the benefits she prefers from groups or benefits established by the employer.

What is the amount of time the Worker Adjustment and Retraining Notification Act (WARN) requires that employers give prior to a massive layoff or facility closing.

Individual bonuses are mainly used at top-management in some firms and are the most popular short-term incentive plan.

Which of the following is NOT another name for ‘performance standards’?

During the holiday remodeling, Macy's long time employee, Trixsie, accidentally fell off a ladder while hanging garland and injured her back on the job. She is now receiving compensation from Macy's. This compensation is known as:

A _________ consists of approaches that monitor and reduce medical costs through restrictions and market system alternatives.

The two basic compensation philosophies are:

Jasmine is currently employed at "Sharky's" as a talented hostess. Her wage meets the basic needs such as food, clothing, and shelter. This wage is referred to:

All of the following are examples of a ‘benefit’, except…

An effective performance management system should do which of the following:

Financial measures that can be used to evaluate performance include all of the following EXCEPT:

Which of the following are Administrative uses of appraisal which impact managers and employees the most?

Severance pay is security benefit voluntarily offered by employers to individuals whose jobs are eliminated or who leave by mutual agreement with their employers.

If the employer is using a third quartile strategy then what approach should he choose?

What type of rating error occurs when the ratings of all employees fall at the high end of the scale?

Rater bias occurs when:

A factory worker was injured on the job because of a defect in a machine. He must be operated on and will miss 4-6 weeks of work. What is he entitled to?

‘A system of sharing with employees greater-than-expected gains in profits and/or productivity’ defines...

A plan that gives employees the right to purchase a fixed number of shares of company stock at a specified price for a limited period of time is called a:

Under what technique of comparative methods would you find ratings ranging from unsatisfactory to outstanding on a bell curve?

Performance measures are said to be ____ if they leave out some important job duties.

What are the stages in MBO process?

During a __________________a manager has a meeting with his/her employee after determining how well the employee is doing their job relative to a standard and communicates that information to them.

The Below Market Strategies is the median pay level that employer positions pay scale so that 25% of other firms pay above and 75% pay below.

Flexible spending accounts can be used to fund the following:

An effective performance management system should do the following:

What is the current minimum wage rate?

Tim, a customer service representative at a retail store has been working for his company in the same position for 9 years. He has not been promoted but his pay has increased from $15.80 per hour to $21 per hour in 9 years. What basis for pay increase is this considered to be?

Effective performance management systems should do the following:

Why may a “spot” bonus be given to an employee?

Drew McMillan is on a committee that generally makes recommendations to the board of directors on overall pay policies, salaries for top officers, and supplemental compensation such as stock options and BONUSES. What committee is Drew M on?

The workers’ compensation system requires employers to give all of the following to employees for injuries or illnesses within the scope of their employment, except…

Security Benefits provided to persons who are injured on the job are called:

A manger must complete a quarterly review of his employees, over the last few month the manger has become good friends with one the employees and rates him higher in certain areas than he deserved due to their friendly relationship. What kind of rater error is this?

Worker compensation is a part of:

The system of sharing with employees greater-than-expected gains in profits/ and or productivity is known as:

An advantage of straight commission is that it does not offer security for the sales staff.

The plan in which the employer provides matching funds equal to the amount invested by the employee for the purchase of stock in the company is known as what?

Suppose an employee is being paid $8.50 an hour and the normal pay range for their job is between $10.75 and $15.20. What would this be considered as?

Straight piece rate system is a system in which wages are determined by multiplying the number of units produced by the piece rate for one unit.