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45 Cards in this Set
- Front
- Back
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"Everyone wears several hats" and "succeed by working together" are examples of which of the following?
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Internal alignment
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"Putting some skin in the game" refers to: |
below market base pay with stock ownership
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A compensation system that pays employees such that "some skin is in the game" means that
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a portion of employee pay is at risk.
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______________ changed its compensation strategy as the company grew and matured?
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Microsoft
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At the corporate level, a strategic compensation perspective addresses the question:
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What business should we be in?
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What level of strategy is the question "how do we gain competitive advantage"?
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Business unit
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The social, competitive and regulatory environment factors are most important for which type of strategy?
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Strategic compensation
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Which of the following relationships within a pay system is accurate?
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Compensation objectives shape pay policies.
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A focus on competitor's costs is most closely associated with a _____ strategy.
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cost-cutter
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A compensation system using market-based pay is most likely to be part of a _____ strategy.
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innovator
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Flexible-generic job descriptions would most likely be used with a _____ strategy.
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innovator
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_______ is to increasing variable pay as innovator is to market based pay.
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Cost-cutter
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A compensation system focusing on system control and work specifications is most closely associated with _____ strategy.
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cost-cutter
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All of the following except __________ are compensation systems associated with an innovator strategy.
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customer satisfaction incentives
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In the formula predicting performance, the component most closely related to compensation is ___________.
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M
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Whole Foods' policy of holding executive salaries to no more than 14 times average pay of full-time employees is an example of which strategic pay decision?
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Internal alignment
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Decisions regarding what forms compensation should be are part of ____.
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external competitiveness
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A book listing the previous year's pay of all employees is part of Whole Foods "No-secrets" philosophy. This is an example of which strategic compensation choice?
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Management
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Whole Foods' decision to seek and engage employees who are going to help the company make money is an example of which strategic pay decisions?
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Objectives
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The second step of developing a total compensation strategy is to:
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map a total compensation strategy.
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Examination of employee and union needs and the social and political context is a part of which step in formulating a total compensation strategy.
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assess total compensation implications |
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"Choosing techniques to fit strategy" is a part of which step in developing a total compensation system?
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Implement strategy
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Which of the following is the correct order of the steps in formulating a total compensation strategy?
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Assess total compensation strategy, map a total compensation strategy, implement strategy, reassess
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"To maintain good citizenship as a company" and "To make a fair profit on current operations" are examples of ____.
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values
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Among unconventional benefits, U. S. workers in the Hudson's survey rated _____ as their most preferred.
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a more flexible work schedule
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According to the Hudson survey, __________ is the single thing that would make them happier.
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more money
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Which of the following statements regarding allowing employees choice in their pay mix is not true?
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It provides an employer a clear competitive advantage
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Union preferences is a major factor in _____ of a total compensation strategy.
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assessing implications
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In mapping a total compensation strategy, the question of how is compensation in the overall HR strategy is part of ____.
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objectives
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The issue of how much and what forms of pay are our competitors using is part of which objective of total compensation strategy?
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External competitiveness
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_____________ is the measure of how important compensation is in the overall HR strategy.
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Prominence
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The role non-HR managers play in making pay decisions is called ____.
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ownership
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Issues of transparency, technology, and choice are examples of choices related to the _____ strategy choice of total compensation.
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management
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Career growth, hierarchy and flexible design are examples of choices related to the _____ strategy choice of total compensation.
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internal alignment
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A strategy map contains strategies about all but which of the following?
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HR alignment
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Which of the following is not a test of whether a pay strategy is a source of competitive advantage?
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Cost effectiveness
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Which of the following is not one of the tests to determine if a pay strategy is a source of competitive advantage?
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External competitiveness of the pay system
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Which of the following tests of competitive advantage is the easiest test to pass?
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Alignment
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The alignment test
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helps ensure passing the differentiation test.
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Trying to measure an ROI for any compensation strategy implies that
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people are "human capital," similar to other factors of production.
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_____ is a "best practice".
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Both smaller and larger internal pay differences
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Which of the following statements is not true?
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Focusing on employee contributions vs other objectives is a best practice
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Research investigating high-performance workplaces found that performance-based pay _____ when combined with other high performance practices.
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improves attitudes and behaviors
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When organization performance declines,
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performance-based pay plans do not pay off.
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Research shows that ____________ can effectively shift an organization in a downward performance spiral to an upward one.
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there are no compensation practices that
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