SHRM-Rewards Management

surveys are used to help assign pay rates to each pay grade or job

• Satisfaction survey

• Salary survey

• management report

involves paying the worker a sum for each unit he/she produces

• Team incentive

• Management incentive

• Piecework incentive

• Total rewards

raise is any salary increase the firm awards to an employee based on his/her individual performance.

• Salary as an Incentive

• Sales Incentive

• Merit Pay as an Incentive

involve employees receiving a share of the company’s annual profits

• Profit-Sharing Plan

• Stock options plan

• Reward plan updates

• All of the above

Most employers combine both financial and nonfinancial incentives to motivate employees

• False

• True

All forms of pay or rewards going to employees has two main components, which are ...............and ........... financial payments

• combined

• Direct

• Total

• indirect

Which form of equity refers to the fairness of a job's pay rate in comparison to other jobs within the same company?

• A)  external

• B)  internal

• A)  distributive

• A)  individual