A comprehensive approach to compensating and rewarding employees is frequently referred to as
Respuesta
total compensation.
total rewards.
total benefits.
complete compensation.
total direct compensation.
Pregunta 2
Pregunta
________ compensation refers to the financial rewards employees receive in exchange for their work.
Respuesta
Base pay
Indirect
Direct
Total
Traditional
Pregunta 3
Pregunta
The __________ and services employees receive in exchange for their work is called _________________.
Respuesta
pay; direct compensation
benefits; indirect compensation
commission; pay
training; total rewards
benefits; direct compensation
Pregunta 4
Pregunta
Job structure consists of the _________ for different jobs within the organization.
Respuesta
relative pay
fixed pay
incentive plans
pay levels
base pay
Pregunta 5
Pregunta
Pay structures are developed based on which of the following?
Respuesta
legal requirements
market forces
organization's goals
All of the answers are correct.
market forces and organization's goals
Pregunta 6
Pregunta
The procedure through which an organization compares its own practices to those of successful competitors is known as
Respuesta
gainsharing.
commercial intelligence.
benchmarking.
profiling.
None of the choices are correct.
Pregunta 7
Pregunta
Many organizations group jobs into sets of jobs having similar worth or content called
Respuesta
pay grades.
hourly rates.
pay policy groups.
pay ranges.
broadbands.
Pregunta 8
Pregunta
What type of pay system sets pay according to the employee's level of skill or knowledge and what they are capable of doing?
Respuesta
broadbanding
pay for individual performance
competency-based pay system
variable pay
standard hour plan
Pregunta 9
Pregunta
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.
Respuesta
commission
piecework
gainsharing
merit pay
bonus
Pregunta 10
Pregunta
Profit sharing involves awarding pay
Respuesta
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.
Pregunta 11
Pregunta
Stock ownership plans
Respuesta
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.
Pregunta 12
Pregunta
The Canada Pension Plan (CPP) and the Quebec Pension Plan (QPP) are
Respuesta
required by law.
mandatory.
contributory.
Required by law and mandatory.
All of the answers are correct.
Pregunta 13
Pregunta
Incentive pay is also referred to as
Respuesta
piecework rate.
market rate.
variable pay.
pay for performance.
variable pay and pay for performance
Pregunta 14
Pregunta
A gradual transition into full retirement by reducing hours or job responsibility is called
Respuesta
phased retirement.
defined retirement.
flexible retirement.
deferred retirement.
paced retirement.
Pregunta 15
Pregunta
Which of the following is a way to communicate total rewards information to employees?