True or False. Senior mange’s duties include to pay people more than the job they are performing is worth
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A: TRUE
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- What are the key challenges organizations face in managing payroll processes, and what strategies can they employ to ensure accurate and timely payroll processing, compliance with legal and regulatory requirements, and employee satisfaction with their compensation?As a manager, what ethical difficulty might you face when asked to layoff half of your employees in order to increase the organization’s long-term chance of survival?Which type of pension plan would you prefer to be covered under (ie defined benefit, defined contribution, or cash balance) and whey if you were an employee? Employer?
- Under stakeholder theory, a decision with ethical consequences would consider the impact to which stakeholder? O a. O b. Customers a. Shareholders Oc. The local community where the business is located O d. All of the aboveWhen you begin interviewing as you approach graduation, you will need to analyze job offers that include a number of financial and nonfinancial elements. Whichof these aspects of employment are your top three priorities: a good base wage, bonus or commission opportunities, profit-sharing potential, rapid advancement opportunities, flexible work arrangements, goodhealth-care insurance coverage, or a strong retirementprogram? Which of these elements would you be willingto forgo in order to get your top three?Pay secrecy essentially is a policy which restricts the amount of information employees are provided about regarding what their co-workers are paid. Is there any benefits to have an open-book policy where all of the employees know exactly how much every other employee earns? Why or why not?
- Fraud by senior management often has the following characteristics except: A.Top management deception b.Manipulation of the financial c.statements Kickbacks or bribes d.Pressure to earn year-end bonusesConducting a demographic analysis of employees is one of the first steps that a firm should take when determining the labor and financial effects of retiring workers. State True or False.“Imagine you have a client who is hesitant to commit to a job analysis. She states that the investment of time and money into developing a job analysis for every position isn’t worth it, especially because she thinks that many jobs in the organization will change a lot within the next five years. What might you say to this client?”
- HOME WORK CHAPTER 11- Total Rewards & Compensation 19. Describe how an organization can best deal with red-circled employees. 20. Describe how an organization can best deal with green-circled employees2. Which of the following statements from the text BEST supports the idea that work-related experience is not the only quality employers look for in a job seeker? Many kinds of experience that, although not acquired as an employee in the target field, demonstrate skills valued by employers. There are also practical issues to consider when deciding where to apply. Try as much as possible to match your interests and abilities to the jobs you seek. This will not only make the work more interesting, but will make you more attractive as a prospective employee. Prior to searching for a job, you should also think about what your "weaknesses" аге. CLEAR ALL 10 NEXT > REVIEW & SUBMIT étv S k AirIt has been estimated that organizations in the United States lose 5% of their revenues to fraud each year, and that 50% of inventory shrinkage is due to employee theft. How can organizations combat employee dishonesty? Can organizations screen for honesty in the selection process? What can an organization do to encourage honest behavior among its workforce?
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