Reward and Performance Management

Strategic reward takes a long term approach to how an organization's reward policies and practices can support its business objectives

• True

• False

The reward system that covers all aspects of work that are valued by people is called

• Strategic

• Total

• Leaner

• Smarter

Total reward has implications for cultural change as it focuses primarily on accountability

• True

• False

Total reward may form part of a strategic approach to reward for many employers

• True

• False

Different approaches to strategic pay include:

(Tick off the one(s) that apply)

• Designing pay structures and pay progression such that values, behaviours, performances and attitudes that the business needs to be successful are rewarded

• Positioning earnings carefully against basic pay to encourage appropriate employee performance

• Developing a pay policy that's comparative with the external labour market to ensure key personnel retention

• Ensuring only one of the vertical and horizontal integration of employee reward approaches with business goals is established

WorldatWork has identified 4 separate components of the work experience in addition to pay and benefits

• True

• False