Homelife, a national chain of high-end furniture stores, employs nearly 800 workers. In the past few ...

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