A human resource professional would use a compa-ratio to compare actual pay to the _____. Caroline works in a candy production plant. By tying teaching salaries to performance, the profession would look more modern and credible, thus attracting young college graduates to the classroom. The program is called _____. What federal legislation includes incentives and penalties to encourage organizations to provide health insurance for their employees? When employees receive compensation that is not cash, the compensation is referred to as _____. Giuseppa works for a company that distributes shares of stock to all the employees by placing the stock in a trust. To calculate the worth of jobs within an organization, a committee typically conducts a _____. To be financially successful, organizations must be able to _____. Unemployment insurance is financed mostly via taxes on _____. Some companies provide _____ reimbursement programs to encourage employees to take classes to improve knowledge and skills related to their career. Pay grades make it difficult to satisfy and explain pay rates to employees. Which federal law requires employers with 50 or more employees to provide up to 12 weeks of unpaid leave after childbirth or adoption? It costs $35.88 per year. This scale … Which federal agency requires companies to reveal how much their executives are paid and how well the company has performed in comparison to its business rivals? the ability to affect the way their work was done. A summary plan description must be provided to an employee within _____ days. This is an example of a _____ account. Give employees information about the cost and quality of available child care. Under COBRA, how long must employers allow employees to retain their health care insurance after a "qualifying event"? Share research with the employee showing why the company considers the pay to be fair. How the incentive will help achieve the organization's goals. Ask employees how much they care about each benefit. generate a profit by selling their goods and services at a sufficient price and volume. In addition to basing salary on education, experience and position, Pay Bands base salary on job performance. According to equity theory, people decide whether their pay is fair by comparing it to their _____. A retirement plan known as a _____ balance plan allows the employer to set up an individual account for each employee and the employer then contributes a percentage of the employee's salary. c. compare similar jobs across a variety of organizations. These adjustments are called _____. Her pay increase is an example of _____ pay. Carol sometimes feels frustrated with the medical insurance her company provides. Pay grades allow precise matching of pay for individual jobs to market rates and an organization's job structure. This range isn't typically used as a formal pay structure in most organizations. The amount of money it takes to run an average household (for example, house payments, food, health care, and utilities) is called the ______. A plan that allows employees to choose what they want from a list of available benefits is called a _____ plan. What are some risks associated with involving employees in pay-related decisions? Which of the following could be identified as a key job? Why should employers tell their workers the details about what is included in their benefits packages? His pay is an example of a ________ commission plan. The most basic pay structure used to determine pay within an organization is the pay scale or salary range. When calculating overtime pay, employers are required to include time the employee spent doing which of the following? Perhaps most importantly for Quizlet's bottom line, the company has also created a new premium offering, Quizlet Go. In which type of job are co-workers an excellent source of performance information? In today's rapidly changing business environment, employees expect organizations to [blank]. While there are no set rules to be used in establishing pay grades, some overall suggestions have been made. makes employees aware of their strengths and weaknesses. In the process of establishing a pay structure, organizations use pay grades to group individual jobs having approximately the same job worth. Workers expect their profit-sharing check to be about the same as what competing companies are offering. The lowest hourly amount that employers may pay under federal or state law is called the [blank], According to equity theory, people measure outcomes such as pay in terms of their [blank], To remedy employers placing a lower value on occupations traditionally dominated by women, some policy makers have proposed a remedy called equal pay for [blank], Sets of jobs having similar worth or content, grouped together to establish rates of pay are called [blank]. The way employees feel about their level of pay is most often based on which of the following? (Select all that apply.). Under the Patient Protection and Affordable Care Act, organizations that have at least 50 full-time employees (or an equivalent number of full- and part-time employees) must offer health care coverage or pay a penalty. When studying the worth of work performed by its employees, a company identifies what it values about each of the jobs the employees do. To be classified as a qualified plan for tax purposes, a pension plan _____. If a rater compares an individual against other employees and not against objective standards, which type of error is likely to occur? According to researchers, when performance feedback forms require that subordinates identify themselves as part of the evaluation, [blank]. This lesson will help students understand the similarities and the differences between the two cards. The ratio of CEO pay to that of the a typical worker. Research asking employees about their benefits has shown that _____. The Fair Labor Standards Act classifies some employees, such as certain professionals and executives, as exempt, meaning they are not covered by laws governing overtime pay. When employed citizens are called for military duty, who pays their wages? The 3 biggest ones are in my opinion: Broad banding requires a lot of compensation education in the organization, so that managers can have meaningful conversations with employees. Disadvantages. Which of the following approaches is not one recommended for managers to use in a feedback session? He returned to his regular full-paying job after the three weeks. In an organization where changing technology is critical. A compa-ratio _____ "1" indicates that payroll is probably more expensive than the organization expected, and the cost might be hard to control. An employer sets up a _____ fund to invest the contributions to a defined-benefit plan. This demonstrates how the _____ affects the labor market. A drawback of pay rates is that they: result in some jobs being underpaid and others being overpaid. Or no profit what is a drawback of using pay grades? quizlet there is however a number of unnecessary medical procedures by the... 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