Show
What refers to the process used to make pay decisions?Compensation management is the process of managing, analyzing, and determining the salary, incentives, and benefits each employee receives.
Which term refers to the concept of equal pay for work of equal value?Equal Pay for Equal Work
Pay Equity is equal pay for work of equal value. The Pay Equity Act requires employers to pay female jobs at least the same as male jobs if they are of comparable value.
Which of the following refers to the perceived fairness of the pay structure within a firm?Distributive justice refers to the perceived fairness of the amounts of compensation employees receive; procedural justice refers to the perceived fairness of the means used to determine those amounts (cf. Folger, 1977).
What kind of pay structure emphasizes people's unique competencies and skills when determining pay?Skill-based pay focuses on a person's abilities and experience on a particular topic when determining their pay. Job-based pay, however, focuses on a person's titles or responsibilities. This means that rather than looking at a person's skills, the company determines the person's salary based on their responsibilities.
|