Compensation Management Mid-term Review

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Compensation ManagementMid-term Review

• Dr. Barbara Lyon, SPHR
• HRM 516

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Show what you know!
Comp. SWYK!
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• SWYK Instructions
• Each contestant will choose a category. (Ex
  Ill take FLSA for 200)
• Response must be in the form of a question. (Ex
  What are the overtime exemption categories?)
• Kick it up a notch with SWYK Kick items by
  choosing to double the value posted on the game
  board.
• The three contestants with the largest amount in
  their WYK CAH Pot will play

SWYK SHOWDOWN!
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SWYK Board Instructions

1. Select a category on the main game board (slide
   4).
2. On the main game board, click on the dollar
   amount of the item chosen. The item will appear
   on a separate slide.
3. To reveal the correct response, click in the blue
   space under the question.
4. To return to the main game board, click on the
   yellow arrow/box.

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Comp Mgmt Intro.
Job Evaluation
Salary Surveys
Job Analysis Design
FLSA
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A From most employees perspectives, the most
important part of the compensation package.
Q What is based pay/wages/salaries? (1.00)
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A These affect both current and future standards
of living.
Q What are employee benefits and services?
(5.00)
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A All rewards that can be classified as
monetary payments and/or in-kind payments.
Q What is a compensation system? (10.00)
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A This establishes a general guidelines for
decisions and actions to be taken by all
organizational members.
Q What is the organizations philosophy? (20.00)
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A A statement of what the organization wants to
accomplish in the long-term.
Q What is the organizations mission? (50.00)
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A The exemption classification assigned to
outside sales workers.
Q What is exempt? (1.00)
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SWYK KICK
A The type of employee who is hired for a
specific job, is expected to meet minimum
performance requirements, and who normally works
between 35 and 40 hours per week.
Q What is a regular employee? (5.00)
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A The FLSA definition of overtime.
Q What is time suffered or permitted to work
over 40 hours in a workweek? (10.00)
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A Employees who regularly perform non-routine
assignments requiring originality, discretion,
independent judgment, innovative abilities, and
analytical skills.
Q Who are professionals? (20.00)
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A The three major provisions of the FLSA.
Q What are over time, minimum wage, and child
labor? (50.00)
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A A Department of Labor reference book that
lists many job titles and critical job
duties/tasks also provides a 9-digit code for
each job.
Q What is the Dictionary of Occupational Titles
(DOT)? (1.00)
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A An ADA-related term that describes work
activities that the incumbent must be able to
perform, either unaided or with reasonable
accommodation.
Q What is essential job functions? (5.00)
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A Success in writing an accurate job description
depends primarily on the availability of this.
Q What is sufficient data? (10.00)
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A This worker oriented job analysis inventory
has 194 job elements and helps to group jobs by
common characteristics.
Q What is the Position Analysis Questionnaire
(PAQ)? (20.00)
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SWYK KICK
A The three most common methods used to collect
job information.
Q What are interview, observation, and
questionnaire? (50.00)
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A The extent to which an employer depends on the
employee to perform the job as expected, with
emphasis on the importance of job obligation.
Q What is responsibility? (1.00)
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A Job evaluation issues are generally concerned
about this.
Q What is internal equity? (5.00)
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A The job evaluation method used by the U.S.
Office of Personnel Management.
Q What is the Factor Evaluation System (FES)?
(10.00)
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A The four universal compensable factors.
Q What are skill, effort, responsibility, and
working conditions? (20.00)
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A The three universal compensable factors used
to evaluate all jobs under the Hay plan.
Q What are know-how, problem solving, and
accountability? (50.00)
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A These jobs are used to make pay comparisons
within or outside of the organization.
Q What are benchmark jobs? (1.00)
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A This, the most commonly used survey method,
requires respondents to match benchmark jobs with
similar jobs in their organizations.
Q What is job matching? (5.00)
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A When measuring survey statistics, this
reduces the influence of an unusual population.
Q What is modified weighted average? (10.00)
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A Bureau of Labor Statistics (BLS)
Watson-Wyatt Data Services/ ECS The Hay Group
Economic Research Institute (ERI) William M.
Mercer Organization Resources Council, Inc.
Q What are the major sources of third party pay
data / wage surveys? (20.00)
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A Hiring and retaining competent employees
promoting worker productivity developing an
effective pay structure recognizing pay trends
defending pay practices during litigation.
Q What are the major reasons for conducting a
wage survey? (50.00)