Compensation & Remuneration ZSYA

The compensation includes

• Salary, wages, bonuses

• Benefits

• Satisfaction

• Social Status

The remuneration is an exchange for goods or services in a:

• Direct way

• Indirect way

• A & B

The general principles of remuneration are based on 5 essential points: simplicity, accountability, shareholding, alignment and _______

Which is the purpose of the employee benefits?

• Increase individual and group awareness and responsibility

• Increase the economic security of staff members

• Discourage the employees in the company

• Recognize the development of human talent

Organizations must pay their employees a compensation which is at least comparable to their competitors or industry standards. What it is called?

• Internal equality

• Simplicity

• External equality

• Flexibility

What is the salary?

• Only monetary compensation

• Monetary and non monetary compensation

• Non monetary compensation

The minimum salary in Spain is ______ for 40 h/week

How can we define a fair salary?

• Enough amount of money to cover the basic needs and expenses

• Enough amount of money to eat

• Enough amount of money to cover only the expenses of the worker

Getting paid piece rate means your company is most likely to do this to:

• motivate you to work hard and produce more

• save the company paying tax

• increase the sales of the company

• minimize the salary they pay you

Bonuses are not always paid to the individual, they can be given to a whole team of workers

• True

• False