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Compensation Compensation ManagementManagement
Mid-term ReviewMid-term ReviewDr. Barbara Lyon, SPHR
HRM 516
SWYK Instructions1. Each contestant will choose a category.
(Ex: I’ll take FLSA for $200)
2. Response must be in the form of a question. (Ex: What are the overtime exemption categories?)
3. Kick it up a notch with SWYK Kick items by choosing to double the value posted on the game board.
4. The three contestants with the largest amount in their $WYK CA$H Pot will play…
SWYK SHOWDOWN!
SWYK Board Instructions
1. Select a category on the main game board (slide 4).
2. On the main game board, click on the dollar amount of the item chosen. The item will appear on a separate slide.
3. To reveal the correct response, click in the blue space under the question.
4. To return to the main game board, click on the yellow arrow/box.
Comp Mgmt Intro.
FLSA Job Analysis &
Design
Job Evaluation
Salary Surveys
$100 $100 $100 $100$100
$500 $500$500 $500
$1000
$1000
$1000
$1000
$2000
$500
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$200
0$200
0
$200
0
$2000
$500
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$500
0$500
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$500
$1000
A: From most employees’ perspectives, the most important part of the compensation package.
Q: What is based pay/wages/salaries?
($1.00)
A: These affect both current and future standards of living.
Q: What are employee benefits and services? ($5.00)
A: All rewards that can be classified as monetary payments and/or in-kind payments.
Q: What is a compensation system?
($10.00)
A: This establishes a general guidelines for decisions and actions to be taken by all organizational members.
Q: What is the organization’s philosophy? ($20.00)
A: A statement of what the organization wants to accomplish in the long-term.
Q: What is the organization’s mission?
($50.00)
A: The exemption classification assigned to outside sales workers.
Q: What is exempt? ($1.00)
A: The type of employee who is hired for a specific job, is expected to meet minimum performance requirements, and who normally works between 35 and 40 hours per week.
Q: What is a regular employee?($5.00)
A: The FLSA definition of overtime.
Q: What is time suffered or permitted to work over 40 hours in a workweek? ($10.00)
A: Employees who regularly perform non-routine assignments requiring originality, discretion, independent judgment, innovative abilities, and analytical skills.Q: Who are professionals?
($20.00)
Q: What are over time, minimum wage, and child labor? ($50.00)
A: The three major provisions of the FLSA.
A: A Department of Labor reference book that lists many job titles and critical job duties/tasks; also provides a 9-digit code for each job.
Q: What is the Dictionary of Occupational Titles (DOT)? ($1.00)
A: An ADA-related term that describes work activities that the incumbent must be able to perform, either unaided or with reasonable accommodation.
Q: What is essential job functions? ($5.00)
A: Success in writing an accurate job description depends primarily on the availability of this.
Q: What is sufficient data? ($10.00)
Q: What is the Position Analysis Questionnaire (PAQ)? ($20.00)
A: This worker oriented job analysis inventory has 194 job elements and helps to group jobs by common characteristics.
A: The three most common methods used to collect job information.
Q: What are interview, observation, and questionnaire? ($50.00)
Q: What is responsibility? ($1.00)
A: The extent to which an employer depends on the employee to perform the job as expected, with emphasis on the importance of job obligation.
A: Job evaluation issues are generally concerned about this.
Q: What is internal equity?($5.00)
Q: What is the Factor Evaluation System (FES)? ($10.00)
A: The job evaluation method used by the U.S. Office of Personnel Management.
A: The four universal compensable factors.
Q: What are skill, effort, responsibility, and working conditions? ($20.00)
Q: What are know-how, problem solving, and accountability? ($50.00)
A: The three universal compensable factors used to evaluate all jobs under the Hay plan.
Q: What are benchmark jobs? ($1.00)
A: These jobs are used to make pay comparisons within or outside of the organization.
A: This, the most commonly used survey method, requires respondents to match benchmark jobs with similar jobs in their organizations.
Q: What is job matching?($5.00)
Q: What is modified weighted average? ($10.00)
A: When measuring survey statistics, this reduces the influence of an unusual population.
A: Bureau of Labor Statistics (BLS); Watson-Wyatt Data Services/ ECS; The Hay Group; Economic Research Institute (ERI); William M. Mercer; Organization Resources Council, Inc.
Q: What are the major sources of third party pay data / wage surveys? ($20.00)
Q: What are the major reasons for conducting a wage survey? ($50.00)
A: Hiring and retaining competent employees; promoting worker productivity; developing an effective pay structure; recognizing pay trends; defending pay practices during litigation.
