When determining compensation for senior managers what aspec

When determining compensation for senior managers, what aspect of pay reflects span of control?

A.Human capital

B.Company size and performance

C.Job complexity

D.Ability to pay

E.Static job demands

Which aspect of top executive pay includes stock or cash bonuses for achieving semiannual or annual goals?

A.Perks

B.Long-term incentives

C.Base pay

D.Short-term incentives

E.Executive benefits

Executive compensation emphasizes _______ more than do any other employees\' pay plans.

A.job evaluation

B.performance

C.short-term results

D.long-term results

E.retirement benefits

Because professional positions often require skills that are difficult to measure, such as creativity and problem solving, what approach do most employers take when determining pay for these jobs?

A.Market pricing

B.Broadbanding

C.Ranking

D.Competency-based pay

E.Base plus pay for performance

_______ pays employees for the skill and knowledge they are capable of using instead of the title of the job currently held.

A.Comparable worth

B.Total rewards

C.Pay for performance

D.Competency-based pay

E.Broadbanding

_______ decreases the number of salary grades but expands the range of jobs and pay levels in each grade.

A.The point method

B.A total reward system

C.Competency-based pay

D.Broadbanding

E.An internal wage curve

Which of the following gives stakeholders in an organization an opportunity to impact executive pay levels?

A.The Securities and Exchange Commission

B.The Financial Accounting Standards Board

C.The Sarbanes-Oxley Act

D.The Employee Retirement Income Security Act

E.The Dodd-Frank Law

In almost every comparable worth lawsuit, _______ had been used as a basis for pay.

A.the point method of job evaluation

B.pay-for-performance plans

C.broadbanding

D.total rewards programs

E.ranking

Which of the following includes compensation and both personal and professional growth as ways to motivate and attract employees?

A.Comparable worth

B.Total compensation

C.Competency-based pay policies

D.Job perks

E.Total rewards

Solution

The correct answer is option C.

Job compexity refers to the duties that define how autonomous the job is and what are the responsibilities associated with the job. It focus on the formal reporting relationships that consists of hierarchial levels, span of control, decision-making responsibilities, etc. So, senior managers\' compensation is determined based on job complexity.