Which one of the following terms refers to a compensation plan that advances a firm’s strategic goals?

Answer: D Explanation: D) An aligned reward strategy links a firm’s compensation plan with its strategic aims. Homelife can create a total reward package including wages, incentives, and benefits that will generate the employee behaviors the firm needs to support and achieve its competitive strategy.

Which term refers to employees who are compensated on an hourly basis?

salaried employees. 8. What are employees who are compensated on an hourly basis also known as? wage earners. 9.

What is a pay system in which employees are paid according to the number of units they produce?

In hourly pay, employees are paid according to the number of units they produce.

Which term refers to using good management to improve the security of a facility quizlet?

Which term refers to using good management to improve the security of a facility? Organizational security.

What are compensation terms?

Annualized Salary: Adjusted income or pay for an incumbent on annual basis. Base Pay: Fixed compensation paid to an individual;’ it is typically expressed as an hourly rate or an annual amount. The calculation of base pay is: (hourly rate*2080).

What compensation includes?

Compensation is the combination of salaries, wages and benefits that employees receive in exchange for them doing a particular job. It can include an annual salary or hourly wages combined with bonus payments, benefits, and incentives.

Which term refers to a compensation plan that includes traditional pay job design career development and recognition quizlet?

1. Which term refers to a compensation plan that includes traditional pay, job design, career development, and recognition? total rewards.

Which of the following terms refers to the lifelong series of activities that contribute to a person’s career exploration establishment success and fulfillment?

Explanation: Career development is the lifelong series of activities that contribute to a person’s career exploration, establishment, success, and fulfillment.

Which of the following terms refers to all forms of pay or rewards going to employees?

Explanation: Employee compensation provides pay or rewards to an employee.

Which job category is nonexempt quizlet?

Exempt employees are not covered by the overtime provisions under the Fair Labor Standards Act. Under the Fair Labor Standards Act, most of hourly workers involved in interstate commerce are considered nonexempt.

Which of the following terms is also used to describe competency based pay?

Competency-based pay might also be known as skills-based and knowledge-based pay.

Which is the simplest and oldest method of job evaluation?

Which is the simplest and oldest method of job evaluation? job worth system.

What does FLSA classification mean?

An employee’s FLSA status is whether that employee is classified as exempt or nonexempt according to the Fair Labor Standards Act (FLSA). An employee who is nonexempt is entitled to receive overtime pay after they work a certain number of hours, while exempt employees are not eligible for overtime.

What is the difference between exempt and nonexempt jobs quizlet?

Employees who qualify as “exempt” are exempt from overtime regulations (and minimum wage laws), whereas “nonexempt” employees must be paid for every hour of overtime they work.

What is FLSA Status Exempt mean?

Exempt: Employees primarily performing work that is not subject to overtime provisions of the Fair Labor Standards Act. Overtime pay is not required by FLSA for exempt employees; however, the University chooses to pay overtime to exempt Non-V Class employees.

What does FLSA mean quizlet?

The Fair Labor Standards Act (FLSA) is a federal employment law that defines employer obligations relating to employee wages, hours, overtime, and child labor. Employers Who Are Covered by FLSA. The FLSA applies only to employers whose annual sales total $500,000 or more or who are engaged in interstate commerce.

What determines FLSA status?

To be considered FLSA exempt, all of the below must be true for an employee: The employee receives pay on a salary basis (rather than hourly). The employee earns at least $35,568 per year, or $684 per week. The employee performs exempt job duties.

What makes an employee exempt?

An exempt employee is an employee who does not receive overtime pay or qualify for minimum wage. Exempt employees are paid a salary rather than by the hour, and their work is executive or professional in nature.

What is the CIO quizlet?

CBO. the Congressional Budget Office, or CBO, is a Federal agency within the Legislative branch that provides budget and economic information to Congress. The provide analysis of economic and budgetary decisions facing Congress regarding the Federal budget. They also estimate costs for the Congressional budget process.

What was the SSA quizlet?

Terms in this set (58) SSA stands for. social security administration.

What was the Munich agreement quizlet?

The Munich Agreement? The Munich Agreement was held in Munich Germany on the 29th September 1938. Germany,Britain, Italy and France attended, but the Czech leader Edward Benes was not allowed. The four powers agreed to give the Sudetenland to Germany, the Czechs had to agree.

What is the GAO quizlet?

Terms in this set (25) Government Accountability Office. Governmental agency that provides auditing, evaluation, and investigative services for the US Congress.