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Flashcards in chapter 11 Deck (27)
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1
Q

all forms of pay or rewards going to employees and arising from their employment

A

employee compensation

2
Q

pay in the form of wages, salaries, incentives, commissions, and bonuses

A

direct financial payments

3
Q

pay int eh form of financial benefits such as insurance

A

indirect financial payments

4
Q

1931 law that sets wage rates for laborers employed by conractors working for the federal government

A

davis-bacon act

5
Q

a 1936 law that requires minimum wage and working conditions for employees working on any government contract amounting to more than $10,000

A

walsh-healey public contract act

6
Q

this act makes it unlawful for employers to discriminate against any individual with respect to hiring, compensation, terms, conditions, or privileges of employment because of race, color, religion, sex, or national origin

A

title vii of the 1964 civil rights act

7
Q

this 1938 act provides for minimum wages, maximum hours, overtime pay, and child labor protection. The law, amended many times, covers most employees

A

fair labor standards act

8
Q

a 1963 amendment to the fair labor standards act designed to require equal pay for women doing the same work as men

A

equal pay act

9
Q

the 1974 law that provides government protection of pensions for all employees with company pension plans. it also regulates vesting rights

A

employee retirement income security act

10
Q

a systematic comparison done in order to determine the worth of one job relative to another

A

job evaluation

11
Q

a fundamental, compensable element of a job, such as skills, effort, responsibility, and working conditions

A

compensable factor

12
Q

the simplest method of job evaluation that involves ranking each job relative to all other jobs, usually based on overall difficulty

A

ranking method

13
Q

a job that is used to anchor the employers pay scale and round which other jobs are arranged in order of relative worth

A

benchmark job

14
Q

a method for categorizing jobs into groups

A

job classification or job grading

15
Q

grouping jobs based on a set of rules for each group or class, such as amount of independent judgement, skill, physical effort, and so forth, required. classes usually contain similar jobs

A

classes

16
Q

a job classification system like the rules for each group or class, such as amount of independent judgement, skill, physical effort, and so forth, required

A

grades

17
Q

written descriptions of the level of say, responsibility and knowledge required by jobs in each grade

A

grade definition

18
Q

the job evaluation method in which a number of compensable factors are identified and then the degree to which each of these factors is present on the job is determined

A

point method

19
Q

a pay system in which the employers actual pay rates are competitive with those in the relevant labor market

A

market ompetitive pay system

20
Q

shows the relationship between the value of the job and the average wage paid for this job

A

wage curve

21
Q

a survey aimed at determining prevailing wage rates. a good salary survey provides specific wage rates for specific jobs. formal written questionnaire surveys are the most comprehensive, but telephone surveys an newspaper ads are also sources of information

A

salary survey

22
Q

equals an employees pay rate divided by the pay range midpoint for his or her pay grade

A

compa ratio

23
Q

a pay grade is comprised of jobs of approximately equal difficulty

A

pay or wage grade

24
Q

a series of steps or levels within a pay grade, usually based upon years of service

A

pay or rate ranges

25
Q

where the company pays for the employees range, depth, and types of skills and knowledge, rather than for the job title he or she holds

A

competency-based pay

26
Q

consolidating salary grades and ranges into just a few wide levels or bands, each of which contains a relatively wide range of jobs and salary levels

A

broad banding

27
Q

the concept by which women who are usually paid less than men can claim that men in comparable rather than in strictly equal jobs are paid more

A

comparable worth