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Understanding Organizational Pay Structures: Definitions and Concepts, Quizzes of Human Resource Management

Definitions and explanations for various terms related to job structure, pay levels, pay policies, minimum wage, fair labor standards act, exempt and nonexempt employees, benchmarking, job evaluation, hourly wage, piecework, salary, pay policy lines, pay grades, pay ranges, pay differentials, delayering, and skill-based pay systems.

Typology: Quizzes

Pre 2010

Uploaded on 11/17/2009

pkashani
pkashani 🇺🇸

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Download Understanding Organizational Pay Structures: Definitions and Concepts and more Quizzes Human Resource Management in PDF only on Docsity! TERM 1 job structure DEFINITION 1 the relative pay for different jobs within the organization TERM 2 pay level DEFINITION 2 the average amount (including wages, saleries, and bonuses) the organization pays for a particular job TERM 3 pay structure DEFINITION 3 the pay policy resulting from job structure and pay level decisions TERM 4 minimum wage DEFINITION 4 the lowest amount that employers may pay under federal or state law, stated as an amount of pay per hour TERM 5 Fair Labor Standards Act (FLSA) DEFINITION 5 Federal law that establishes a minimum wage and requirements for overtime and pay and child labor TERM 6 exempt employees DEFINITION 6 managers outside salespeople, and any other employees not covered by the FLSA requirement for overtime pay TERM 7 nonexempt employees DEFINITION 7 employees covered by the FLSA requirements for overtime pay TERM 8 benchmarking DEFINITION 8 a procedure in which an organization compares its own practices against those of successful competitors TERM 9 job evaluation DEFINITION 9 an administrative procedure for measuring the relative internal worth of the organization's jobs TERM 10 hourly wage DEFINITION 10 rate of pay for each hour worked