Quiz HRM (6.6.21)

___________________________ is designing and implementing total compensation package with a systematic approach to providing value to employees in exchange for work performance.

• Performance Management

• Compensation Management

• Personnel Management

• Human Resource Management

______________ is a systematic approach to providing monetary value to employees

• Rewards

• Allowances

• Salary

• Compensation

Compensation is a systematic approach to providing monetary value to employees in exchange for ___________________________

• work performed

• damages held

• Knowledge

• Skills

Among the given below points which is not an objective of Compensation

• To reward for job performance

• To increase or maintain morale

• To determine basic wage & salary

• To improve the performance

______________ refers to monetary benefits offered and provided to employees in return of the services they provide to the organization.

• Indirect Compensation

• Direct Compensation

• Performance compensation

• None of the above

________________ refers to non-monetary benefits offered and provided to employees in lieu of the services provided by them to the organization

• Indirect Compensation

• Direct Compensation

• Performance compensation

• None of the above

Special allowance is a part of

• Direct Compensation

• Indirect Compensation

• Performance compensation

• None of the above

Compensation is a ______________________approach to providing monetary value to employees in exchange for work performed

• classic

• systematic

• modern

• traditional

Compensation Management is __________ and ________total compensation package with a systematic approach to providing value to employees in exchange for work performance

• designing & paying

• planning & implementing

• designing and implementing

• none of the above

The purpose of compensation includes.....

• assisting in recruitment

• job satisfaction

• job performance

• none of the above