MacBook Pro MULTIPLE CHOICE. Choose the one alternative that best completes the

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MacBook Pro MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the quest This Case is used with the following five questions The Barlett Paper company, is reviewing its compensation system. The president, Barry Barlett wants employees to be paid wages and benefits comparable to competitors to be as fair as possible. He also wants to have maximum flexibility in being able to move people to different jobs, as the company needs, without having to worry about adjusting their pay He also suggests that this strategy will work in the long run as Employees will feel valued and be less likely to leave to work s ducing overall labor costs. The Finance VP Marta Bigwig suggests that the company tie compensation coats more closely to productivity and profit When profits are down, compensation costs should be reduced as well. She also believes that employees should be paid for what they produce, not for their time, and the compensation program should apply to all equally The Patricia Vacation the VP of HRM suggests that the key to the company's success is their employees. People should be paid for their skills or knowledge, not just because they are fulfilling certain jobs. In this way the compensation system is compensation would set Bartlett Paper Company in a distinct position be a unique reward system. ion 1) Refer to Case. Barry Bartlett company president is expressing a concern about A) internal equity B) labor market-based wages. C) individual equity. D) distributive justice E) external equity 2) Refer to Case. The Finance VP Marta Bigwig would most likely favor a(n): A) egalitarian compensation system B) membership-based system. C) individual-centered system D) variable pay system E) fixed pay system. 3) Refer to Case. The compensation system that would meet the president's concerns about fairness and flexibility would be a(n)compensation system. A) membership-based B) Competence (or skill) based C) variable pay D) job based E) performance-based 4) Refer to Case Looking at Patricia Vacation VP of HR, her views about paying employees best fits a compensation system that: A) is performance based B) pays employees for the time they put in, and for their seniority C) pays a fixed salary or wage. D) offers variable pay, such as bonuses and commissions. E) focuses on the employee rather than the specific job 5)Refer to case. Who in this company would see that the compensation program could provide a Strategic competitive advantage to the firm A) Barry Bartlett B) Marta Bigwig C) Patricia Vacation

Explanation / Answer

1.Barry bartllet company president is expressing your concern about
B) labour market based wages

As mentioned in the first paragraph of the case president wants employee to be paid wages and benefits comparable to competitors to be as fair as possible.

2. The finance VP Marta Bigwig would most likely favor
D)variable pay system
As mentioned in the second paragraph of the case finance VP wants the compensation cost to be linked to productivity and profit which is called as a variable pay system.

3. The compensation system that would meet the president's concerned about fairness and flexibility would be a A)membership based compensation system.
the membership based compensation system rewards and employee in return of the employees membership in an organisation irrespective of their performance. Which is mentioned in the first paragraph of the case

4. Looking at Patrika vacation VP of HR, her views about paying employees best fits a compensation system that E)focuses on employee rather than specific job.
As mentioned in the third paragraph of the case vP of HR want the compensation system to be linked to the knowledge and skill of an employee rather than performance.

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