jen justice
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Business/Economics Quiz on HRM Quiz 8, created by jen justice on 03/04/2019.

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HRM Quiz 8

HRM Quiz 8

Question 1 of 15

1

A comprehensive approach to compensating and rewarding employees is frequently referred to as

Select one of the following:

  • total compensation.

  • total rewards.

  • total benefits.

  • complete compensation.

  • total direct compensation.

Explanation

Question 2 of 15

1

________ compensation refers to the financial rewards employees receive in exchange for their work.

Select one of the following:

  • Base pay

  • Indirect

  • Direct

  • Total

  • Traditional

Explanation

Question 3 of 15

1

The __________ and services employees receive in exchange for their work is called _________________.

Select one of the following:

  • pay; direct compensation

  • benefits; indirect compensation

  • commission; pay

  • training; total rewards

  • benefits; direct compensation

Explanation

Question 4 of 15

1

Job structure consists of the _________ for different jobs within the organization.

Select one of the following:

  • relative pay

  • fixed pay

  • incentive plans

  • pay levels

  • base pay

Explanation

Question 5 of 15

1

Pay structures are developed based on which of the following?

Select one of the following:

  • legal requirements

  • market forces

  • organization's goals

  • All of the answers are correct.

  • market forces and organization's goals

Explanation

Question 6 of 15

1

The procedure through which an organization compares its own practices to those of successful competitors is known as

Select one of the following:

  • gainsharing.

  • commercial intelligence.

  • benchmarking.

  • profiling.

  • None of the choices are correct.

Explanation

Question 7 of 15

1

Many organizations group jobs into sets of jobs having similar worth or content called

Select one of the following:

  • pay grades.

  • hourly rates.

  • pay policy groups.

  • pay ranges.

  • broadbands.

Explanation

Question 8 of 15

1

What type of pay system sets pay according to the employee's level of skill or knowledge and what they are capable of doing?

Select one of the following:

  • broadbanding

  • pay for individual performance

  • competency-based pay system

  • variable pay

  • standard hour plan

Explanation

Question 9 of 15

1

Organizations that want employees to focus on efficiency may adopt a _________ program, which measures increases in productivity and effectiveness and distributes a portion of each gain to employees.

Select one of the following:

  • commission

  • piecework

  • gainsharing

  • merit pay

  • bonus

Explanation

Question 10 of 15

1

Profit sharing involves awarding pay

Select one of the following:

  • that then becomes part of employees' base pay, in a manner similar to merit pay.

  • in order to discourage employees from thinking like owners.

  • based on individual performance.

  • that is a percentage of the organization's profits.

  • All of the answers are correct.

Explanation

Question 11 of 15

1

Stock ownership plans

Select one of the following:

  • make employees part owners of the organization.

  • are intended to encourage employees to focus on the success of the organization as a whole.

  • may not have a strong effect on individuals' motivation.

  • usually take the form of stock options or employee stock ownership plans.

  • All of the choices are correct.

Explanation

Question 12 of 15

1

The Canada Pension Plan (CPP) and the Quebec Pension Plan (QPP) are

Select one of the following:

  • required by law.

  • mandatory.

  • contributory.

  • Required by law and mandatory.

  • All of the answers are correct.

Explanation

Question 13 of 15

1

Incentive pay is also referred to as

Select one of the following:

  • piecework rate.

  • market rate.

  • variable pay.

  • pay for performance.

  • variable pay and pay for performance

Explanation

Question 14 of 15

1

A gradual transition into full retirement by reducing hours or job responsibility is called

Select one of the following:

  • phased retirement.

  • defined retirement.

  • flexible retirement.

  • deferred retirement.

  • paced retirement.

Explanation

Question 15 of 15

1

Which of the following is a way to communicate total rewards information to employees?

Select one of the following:

  • question and answer meetings

  • online total rewards statements

  • intranet pages

  • brochures

  • All of the choices are correct.

Explanation

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