Title: Homelife, a national chain of high-end furniture stores, employs nearly 800 workers. In the past few ... Post by: chialyncampbell on Mar 3, 2018 Homelife, a national chain of high-end furniture stores, employs nearly 800 workers. In the past few years, the company's market share has dropped significantly, and employee turnover has increased.
Upper management is considering the implementation of a new compensation policy in its efforts to turn the company around. Historically, the company has paid all employees similarly with some variation for seniority but no distinction between high and low performers. Which of the following, if true, best supports the decision by Homelife executives to implement competency-based pay? A) Homelife will be using the comparable worth method of determining pay to avoid legal problems. B) Most Homelife managers are men, but executives hope to increase the number of minority women working for the company. C) Homelife plans to organize employees into teams, provide regular training, and frequently assess workers' skills and knowledge. D) In an effort to save money, Homelife will be reducing the employee training budget over the next three years. Question 2 A company using competency-based pay compensates employees for all of the following EXCEPT ________. A) behaviors B) job title C) knowledge D) skills Question 3 What are the primary factors involved in determining compensation for a firm's CEO? What reasons best explain compensation reductions for top executives in recent years? What will be an ideal response? Question 4 What are the most prevalent myths about negotiation, and how do these myths hamper people's ability to learn effective negotiation skills? What will be an ideal response? Question 5 ____________ deals are a nonstandard agreement between an employer and an individual employee. Fill in the blanks with correct word Question 6 The potential for conflict between teams depends on _____. a. how incompatible the goals are b. the extent to which required resources are scarce and are shared c. the degree of interdependence of task activities d. all of the above e. answers a and c Question 7 According to the Normative Decision Model, the need for employee commitment is a primary determinant for using consultation as a decision style. a. true b. false Question 8 ________ is the process of giving employees throughout the organization the authority to make important decisions and to be responsible for their outcomes. A) Empowerment B) Value engineering C) Operant conditioning D) Reciprocal logrolling Title: Homelife, a national chain of high-end furniture stores, employs nearly 800 workers. In the past few ... Post by: dumbojy on Mar 3, 2018 Answer: C Answer: B Answer: For a CEO position, job evaluation typically has little relevance. One recent study concluded that three main factors: job complexity (span of control, the number of functional divisions over which the executive has direct responsibility, and management level), the employer's ability to pay (total profit and rate of return), and the executive's human capital (educational level, field of study, work experience) accounted for about two-thirds of executive compensation variance. There are various reasons why boards are clamping down on executive pay. The Dodd-Frank law of 2010 requires American companies give shareholders a say on pay. Law firms are filing class-action suits demanding information from companies about their senior executives' pay decisions. As of 2007, the Securities and Exchange Commission (SEC) required filing more compensation-related information, including a detailed listing of all individual perks or benefits if they total more than 100,000. As of 2005, the Financial Accounting Standards Board required that most public companies recognize as an expense the fair value of the stock options they grant. The Sarbanes-Oxley Act makes executives personally liable, under certain conditions, for corporate financial oversight lapses. The most prevalent myths are: Myth 1: Negotiations are fixed-sum in nature; Myth 2: Negotiators need to be either tough or soft; Myth 3: Negotiation skills are something that people are born with; Myth 4: Experience is a great teacher; Myth 5: Effective negotiation necessitates taking risks and gambles, or using threats and bluffs; Myth 6: Good negotiators rely on intuition or gut feeling. People's negotiation abilities are hampered because negotiators tend to be combative, they do not get feedback on their performance, or because their memories tend to be selective, remembering successes and forgetting shortcomings. Idiosyncratic d a; A Title: Homelife, a national chain of high-end furniture stores, employs nearly 800 workers. In the past few ... Post by: chialyncampbell on Mar 3, 2018 Were some really tough homework problems!
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