HRM Chapter 5

Why wages are important to employers?

• Standard of living

• Competitiveness of business

• Cost of production

• Legal requirements

Why wages are important to employees?

• Standard of living

• Competitiveness of business

• Cost of production

• Legal requirements

Below are the type of remuneration package EXCEPT ___________.

• Insurance

• Incentives

• Benefits

• Salary

Workers are paid by the day, week, month or annual basis refer to which type of wage system?

• Payment by result

• Time related system

• Piece work

• Performance

Workers are paid according to the number of units produced in a given time refer to which type of wage system?

• Piece work

• Time related system

• Performance

• Seniority

Below are the employer's goals of remuneration package EXCEPT __________.

• To retain the best employees

• To have an attractive package

• To have a system simple to administer

• To have stable profits

Below refer to the factors affecting individual levels of pay EXCEPT _____________.

• Increase a cost of living

• Labor market

• Seniority

• Degree of skills and experience

High wages will attract better workers when the organization has a job vacancies refer to which factors affecting level of pay?

• Selection policy

• Government policy

• Company profitability

• Employment conditions

If the labor market is tight, there is a general shortage of workers, organization will compete for a limited supply of labor refer to which factors affecting level of pay?

• Selection policy

• Government policy

• Employment conditions

• Company profitability

Below are the legislation relating to payment of wages EXCEPT ___________.

• The Wages Council Act

• The Employment Act

• The Sabah Labor Ordinance

• The Employees Provident Fund