MANA 3320 Fall 2012 Exam 4 Review

Key topics in 3320

  1. Types of validation used for a work sample
  2. Training- what types for what purpose
  3. Compensation financial and non-financial (examples)
  4. Job evaluation techniques
  5. What is covered by the Civil Rights Act
  6. What are the mandatory subjects in collective bargaining
  7. What is the content of a job specification

Chapter 11

1. According to Equity Theory if an employee considers themselves under-awarded what are they likely to do

2. What are compensable factors and how are they used

3. How do we go about determining relativeinternalworth

4.What are the various ways of determining compensation for

employees-strengths and weaknesses

5. What do we call the process of reducing the number of levels in an organizational structure

6.What do we call sets of jobs having similar worth, grouped together to establish rates of pay

7. Paying employees for each unit produced is called

8. What, if any drawbacks exist when using pay rates

9. How do we arrive at pay grades

10. What is a compa-ratio and what does it show

11.If the organization has determined that too many levels in the pay structure exist what might they do

Chapter 12

  1. An effective incentive pay plan should have
  2. What are the disadvantages associated with the use of incentive plans
  3. Which incentive pay plan targets individual performance
  4. What employee attitudes influence the success of incentive pay plans
  5. What do we call an incentive pay plan that is based on the amount of production and what is it’s primary job category target
  6. What is the name of an incentive pay plan that provides a higher rate for higher production
  7. What is a standard hour plan
  8. Identify the types of jobs where commission plans are common and what focus does it cause
  9. What is gain sharing
  10. What is a Scanlon compensation plan
  11. What is profit sharing and how does it work Are there any disadvantages if used
  12. What is the basis for stock sharing plans and what is the drawback, if any, to their use
  13. What is an ESOP, any drawback to their use
  14. What is a balanced score card approach
  15. What is the outcome likely to be when you involve employees in pay related decisions
  16. Most of a CEO’s compensation comes in what form

Chapter 13

  1. What percent of total employee compensation is spent on employee benefits
  2. What is the role of workers’ compensation coverage
  3. What is the earliest age an employee can retire with Social Security retirement benefits
  4. Which benefit requires employers to pay payroll tax and what entities are required to pay.
  5. What are the determinants of social security payments
  6. Where does most of the funding for unemployment insurance come from
  7. What is the commonality for unemployment insurance benefits and worker’s comp benefits
  8. What percent of U.S. workers are covered by state workers’ compensation laws
  9. What is the criteria for an employee to be eligible to draw unpaid FMLA
  10. What is the Consolidated Omnibus Budget Reconciliation Act of1985 and what is its’ purpose
  11. What are the Qualifying events that allow employees to draw benefits under the Act
  12. What are the primary differences between PPOs and HMOs
  13. How do flexible spending accounts work
  14. What is the primary purpose of an EWP
  15. What is the name of the popular defined-contribution plan whereby employees contribute pre-tax dollars matched by their employer
  16. What is a 529 savings plan and how is it used