Do You Think You Know Enough About Human Resources? Quiz

2.

The organization that conducted the 25-year longitudinal studies on recruiting and retaining top talent was:

PKF
PricewaterHouseCoopers
Gallup
Deloitte

Correct Answer

A. Gallup

Explanation

Gallup conducted the 25-year longitudinal studies on recruiting and retaining top talent.

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3.

Immediate or direct compensation includes:

Merit Pay
Holiday Pay
Sick Leave
Benefits

Correct Answer

A. Merit Pay

Explanation

Merit pay is a form of immediate or direct compensation that is based on an individual's performance or merit. It is a pay increase or bonus given to employees who have achieved specific goals or demonstrated exceptional performance. Unlike holiday pay, sick leave, and benefits, which are indirect forms of compensation, merit pay is directly tied to an employee's performance and is typically awarded on a regular basis, such as annually or semi-annually.

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4.

The best overall indicator for the purchasing power of wages is:

Governmental influences
Union influences
The Consumer Price Index (CPI)
Supply and demand between jobs and employees

Correct Answer

A. The Consumer Price Index (CPI)

Explanation

The Consumer Price Index (CPI) is the best overall indicator for the purchasing power of wages because it measures changes in the price level of a basket of goods and services commonly purchased by households. By tracking inflation and price changes over time, the CPI provides insight into how much purchasing power wages have in the current economy. It is widely used by economists, policymakers, and businesses to understand and analyze trends in consumer prices and make informed decisions regarding wages and prices.

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5.

Workers compensation is administered on the federal level:

True
False

Correct Answer

A. True

Explanation

Workers compensation is administered on the federal level. This means that the laws and regulations governing workers compensation are established and enforced by the federal government. This ensures consistency and uniformity in the administration of workers compensation across different states and jurisdictions. It also allows for the protection of workers' rights and the provision of benefits in case of work-related injuries or illnesses.

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6.

The Wage and Hour Division is part of the:

Equal Employment Opportunity Commission
The Dept of Commerce
The Dept of Justice
The Dept of Labor

Correct Answer

A. The Dept of Labor

Explanation

The correct answer is The Dept of Labor. The Wage and Hour Division is responsible for enforcing federal labor laws related to minimum wage, overtime pay, recordkeeping, and child labor. As part of the Department of Labor, they ensure that employees are paid fairly and that employers comply with labor standards to protect workers' rights.

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7.

The most widely used job evaluation method is the

Correct Answer
Point method

Explanation
The point method is the most widely used job evaluation method because it provides a systematic and objective way to assess the relative value of different jobs within an organization. It involves breaking down jobs into various factors, such as skill, effort, responsibility, and working conditions, and assigning points to each factor based on its importance. By comparing the total points assigned to different jobs, organizations can determine the relative worth and create a fair and equitable pay structure. This method is preferred as it allows for consistency and comparability across different jobs and organizations.

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8.

Wage expansion occurs when existing wages are increased, along with starting wages, to meet the demands of the labor market

True
False

Correct Answer

A. True

Explanation

Wage expansion refers to the increase in existing wages as well as starting wages in order to meet the demands of the labor market. This means that when there is a high demand for labor, employers may increase wages for both current employees and new hires to attract and retain talent. Therefore, the statement that wage expansion occurs when existing wages are increased, along with starting wages, to meet the demands of the labor market is true.

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9.

Occurs when starting wages are increased, but existing wages are not.

Correct Answer
Wage Compression

Explanation
Wage compression occurs when starting wages are increased, but existing wages are not. This means that there is a smaller difference in pay between new employees and experienced employees. This can lead to dissatisfaction among experienced employees who may feel that their skills and experience are not being adequately recognized or rewarded. It can also make it difficult for companies to attract and retain experienced employees, as the lack of wage differentiation may reduce the incentive for employees to stay with the company long-term.

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10.

What ia the estimated cost of turnover for an entry-level, minimum wage employee leaving?

$450-$650
$45-$80
$1500-$2000
$100-$300

Correct Answer

A. $1500-$2000

Explanation

The estimated cost of turnover for an entry-level, minimum wage employee leaving is $1500-$2000. This cost includes expenses such as recruitment, training, onboarding, and lost productivity during the transition period. It takes into account the time and resources required to find a suitable replacement and get them up to speed. Additionally, there may be indirect costs associated with decreased morale and productivity among remaining employees.

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11.

Which law requires all employers to bargain (w/ employees) in good faith?

Wagner Act, 1935
Landrum-Griffin Act 1959
Taft-Harley
Civil Service Act of 1963

Correct Answer

A. Wagner Act, 1935

Explanation

The Wagner Act, also known as the National Labor Relations Act of 1935, requires all employers to bargain in good faith with their employees. This law was enacted to protect the rights of employees to organize and engage in collective bargaining with their employers. It establishes the National Labor Relations Board (NLRB) to enforce the provisions of the act and address unfair labor practices. The Taft-Hartley Act, Landrum-Griffin Act, and Civil Service Act of 1963 are all separate pieces of legislation that address different aspects of labor relations and employment, but they do not specifically require employers to bargain in good faith.

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12.

What performance review approach tends to be most accurate because the review form is designed specifically for each job position and reflects what duties/tasks the employee is assigned?

Graphic Rating Scale
Narrative Essay
Behaviorally Anchored Rating Scale
All of the Above

Correct Answer

A. Behaviorally Anchored Rating Scale

Explanation

The Behaviorally Anchored Rating Scale (BARS) tends to be the most accurate performance review approach because it is designed specifically for each job position and reflects the duties and tasks assigned to the employee. BARS uses specific behavioral examples to anchor the different levels of performance, making it a more objective and reliable method of evaluation. This approach allows for a more accurate assessment of an employee's performance based on their job responsibilities and behaviors.

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13.

_ measures what it is claimed to measure regarding performance; __measures the entire issue at hand, not just parts of the performance.

Correct Answer
Construct validity; Content validity

Explanation
Construct validity refers to the extent to which a measure accurately assesses the theoretical construct it is supposed to measure. In the context of performance, construct validity would ensure that the measure accurately captures the relevant aspects of performance. On the other hand, content validity refers to the extent to which a measure covers the entire domain or content of the construct being measured. In the case of performance, content validity would ensure that the measure assesses all relevant components of performance, rather than just focusing on certain aspects. Therefore, construct validity and content validity are both important in ensuring that a measure accurately assesses performance.

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14.

The focus of OSHA is on keeping the workplace hazard free

True
False

Correct Answer

A. True

Explanation

OSHA, the Occupational Safety and Health Administration, is a regulatory agency that aims to ensure safe and healthy working conditions for employees. Their primary focus is on identifying and reducing workplace hazards to prevent accidents, injuries, and illnesses. By enforcing safety standards, providing training and education, and conducting inspections, OSHA works towards creating hazard-free workplaces. Therefore, the statement "The focus of OSHA is on keeping the workplace hazard free" is true.

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Do You Think You Know Enough About Human Resources? Quiz

Which of the following is a content theory of motivation?

Quiz Preview

The organization that conducted the 25-year longitudinal studies on recruiting and retaining top talent was:

Immediate or direct compensation includes:

The best overall indicator for the purchasing power of wages is:

Workers compensation is administered on the federal level:

The Wage and Hour Division is part of the:

The most widely used job evaluation method is the

Wage expansion occurs when existing wages are increased, along with starting wages, to meet the demands of the labor market

Occurs when starting wages are increased, but existing wages are not.

What ia the estimated cost of turnover for an entry-level, minimum wage employee leaving?

Which law requires all employers to bargain (w/ employees) in good faith?

What performance review approach tends to be most accurate because the review form is designed specifically for each job position and reflects what duties/tasks the employee is assigned?

_ measures what it is claimed to measure regarding performance; __measures the entire issue at hand, not just parts of the performance.

The focus of OSHA is on keeping the workplace hazard free

Do You Think You Know Enough About Human Resources? Quiz

Which of the following is a content theory of motivation?

Quiz Preview

The organization that conducted the 25-year longitudinal studies on recruiting and retaining top talent was:

Immediate or direct compensation includes:

The best overall indicator for the purchasing power of wages is:

Workers compensation is administered on the federal level:

The Wage and Hour Division is part of the:

The most widely used job evaluation method is the

Wage expansion occurs when existing wages are increased, along with starting wages, to meet the demands of the labor market

Occurs when starting wages are increased, but existing wages are not.

What ia the estimated cost of turnover for an entry-level, minimum wage employee leaving?

Which law requires all employers to bargain (w/ employees) in good faith?

What performance review approach tends to be most accurate because the review form is designed specifically for each job position and reflects what duties/tasks the employee is assigned?

_____ measures what it is claimed to measure regarding performance; ______measures the entire issue at hand, not just parts of the performance.

The focus of OSHA is on keeping the workplace hazard free

_ measures what it is claimed to measure regarding performance; __measures the entire issue at hand, not just parts of the performance.