Employee Compensation and Benefits

Employee Compensation and Benefits

9th - 12th Grade

9 Qs

quiz-placeholder

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Employee Compensation and Benefits

Employee Compensation and Benefits

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Joe Jones

Used 158+ times

FREE Resource

9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

total amount of the monetary and non‐monetary pay provided to an employee by an employer in return for work performed as required by the organization.

Benefits

Skill Pay

Variable Pay

Compensation

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

compensation other than an hourly wage or salary.

Compensation

Variable Pay

Benefits

Skill Pay

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

all jobs in a particular category are assigned a specific pay category

Competency

Broadbanding

Point Factor

Paired Comparison

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Employers that want to succeed in this increasingly competitive environment must have a well-designed compensation plan that motivates employees, controls compensation costs, and ensures equity.

True

False

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A complete compensation package can include pay, health‐ care benefits, and other benefits, such as 401(k) plans.

True

False

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A market compensation policy is to pay below the going rate for a particular job—basically, one that pays similarly to what the market offers.

True

False

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The value of a job is a major factor when determining pay.

True

False

8.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

It is the process of setting the pay scale for specific jobs or types of jobs.

Variable pay

Skill Pay

Overtime

Pay Grading

9.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

salary levels are based on the employee’s skills as opposed to the job title

Skill Level Pay

Variable Pay

Overtime

Compensation