Strategic Compensation

Profit shares give employees a share in their company's profits rather than its quarterly or annual earnings

• true

• false

What is group incentives?

• individual reward for group performance

• group reward for individual performance

• team rewarded for team performance

What are the three types of incentive plans?

• Individual, Group, and company-wide plans

• cash incentive, profit sharing, and stock option

Longevity pay is usually scheduled in advance?

• True

• False

Merit pay doesn't help retain valued employees.

• true

• false

Having the same seniority for an extended period of time can lead to discrimination with talent and competency.

• true

• false

Almost all rators appraiser makes rating errors.

• true

• false

4 varieties of common person-focused pay structures include

• 1- The stairstep model

  2-    The skill blocks model

  3-   The Job-Point Accrual Model

  4-    Cross-departmental models

• 1- The staicase model

  2- Promotion

  3- incentives

  4- competency-based model

• 1-knowledge-pay

  2-Person-focused pay

  3- Job-based pay

  4- Competency-based pay

The FLSA stands for.....

• Florida Labor State Agency

• Fair Labor STandards Act

• Fair Labor State Act

• Fair Labor Standard Agency

Three basic types of person-focused pay programs include

• Pay-for-Knowledge

• Skill-based pay

• Competency-based pay

• Depth of knowledge pay