________, or lump sum bonuses, lend themselves well to cost containment since these bonuses are not permanent percentage increases.
FIll in the blank with correct word.
Question 2Which of the following theories suggests that an employee must regard his own ratio of merit increase pay to performance as similar to the ratio for other comparably performing people in the company?
A) comparable ratio theory
B) comparable pay theory
C) equality theory
D) equity theory
Question 3What is pay compression and how can companies minimize the occurrence of it?
What will be an ideal response?
Question 4Common review dates provide which of the following advantage?
A) The company can equate all employees' job performance at the same time.
B) The company minimizes the administrative burden of the plan.
C) The company trains supervisors about the most effective way to conduct performance reviews.
D) Common review dates ensure that some employees' reviews will be overlooked.
Question 5A 10 percent merit pay increase budget tells us which of the following?
A) The minimum pay increase amounts to 10 percent.
B) The maximum pay increase amounts to 10 percent.
C) The average pay increase amounts to 10 percent.
D) The standard deviation of any pay increase cannot be more than 10 percent below or above the average.
Question 6________ describe the allocation of monetary resources to fund pay structures.
FIll in the blank with correct word.
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