Compensation & Benefits Management

Technique used to determine wages

• Job Enrichment

• Job Evaluation

• Job Rotation

• Job Engagement

Only ______________ employees are entitled to overtime compensation.

• administrative

• professional

• nonexempt

• exempt

Payment received by the employee because success in achieving the organization target is called __________.

• salary

• wages

• incentive

• benefits

Wages that paid for a set period of work on an hourly, weekly or monthly basis is called piece related system.

• TRUE

• FALSE

To become effective, the rewards scheme must be attractive to the employee because _________.

• it can increase employee's motivation

• it can create a harmonious relationship between employer and employee

• it can helps to reduce employment cost

• it can give good reputation for the company

*Quarters for staff

*Child care facilities

*Canteens / cafe

Above are the examples of _______ offered to the employee.

• wages

• subsidies

• statutory benefits

• salary

Employees Provident Fund (EPF) is a compulsory contribution by the employer to the employee under the act.

• TRUE

• FALSE

Q.5. The component of compensation for compensation includes

• A..annual bonuses

• B.supplemental benefits

• C.. executive salaries

• D..all of the above

Insurance programs and benefits are part of a direct compensation package?

• True
• False

Below are the goals of strategic compensation policy EXCEPT:

• to attract new employees

• to reduce unnecessary turnover

• to control the compensation budget

• to create a harmony working environment