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One form of company-wide incentives is/are _____________, which provide employees with the option to purchase stock at a pre-determined price.

Which of the following should be considered when designing an incentive pay plan?

In the Chapter 2 reading and lecture, we learned about several key employment laws pertinent to compensation practice. Please select two (2) laws from Chapter 2. Provide a description of each law as outlined in the lecture or textbook. Finally, briefly explain why the two (2) laws you have selected are contextual influences on compensation practice (the title of Chapter 2). How does each law impact or affect the implementation, administration, and management of compensation and benefits?

Which of the following contextual influences on compensation restarts the 180-day statute of limitations for filing an EEOC claim such that the period restarts each time a discriminatory paycheck is received?

Julie works in Joplin, MO and earns $60,000 per year. She wants to move to Los Angeles to pursue her dream of acting. When interviewing for jobs in L.A., what salary should Julie ask for and why?

John earns a salary of $35,000 with a 5% merit increase annually. No calculations are needed if you remember the defining features of merit pay: What is John’s approximate salary five years from now, assuming a 5% merit increase annually and nothing else?

Using the paired comparison system below, who is the highest performer? Comparison IndividualFocal Employee Jerry Mickey Donna BillJerry – – -Mickey + – -Donna + + +Bill + + –

One advantage of seniority and longevity pay plans is that the standard for determining pay raises is ________, which means employees are more likely to feel fairly treated.

Cost of living adjustments (COLAs) are an adjustment to base pay designed to address ___________________.

_______ pay is a form of variable compensation that fluctuates according employees’ attainment of some standard, such as team goals or company profits.