Financial rewards and non-financial rewards

A consequence of paying workers by piece rate is that

• High quality work is recognized and rewarded accordingly

• It directly rewards people for the amount of time spent working

• It promotes team building

• Workers may ignore quality due to the emphasis on the speed of work

Which statement does not apply to employee share ownership schemes

• Employees benefit financially if the company performs well

• It is used as a form of financial reward

• It is used as a way of retaining and motivating staff

• Job empowerment is granted to these employees

Teamworking does not tend to allow a business to benefit from

• Higher labour productivity

• Lower absenteeism

• Lower labour turnover

• Shorter decision-making time

Job enlargement is not concerned with

• Boosting the morale of workers

• Giving workers more complex tasks to do

• Increasing the number of tasks performed by an employee

• Multi-skilling the worker

The name given to the overall bundle of pay and perks of a job is

• Contract of employment

• Payment and conditions

• Payment systems

• Remuneration package

Which statement below does not necessarily apply to wages

• It is a type of time based payment system

• It is normally paid per time period

• Overtime is paid at a rate higher than the wage rate for any extra hours worked

• Wages do not motivate workers to be extra productive

Empowerment could be seen if a manager

• Allocates a particular task to a team

• Delegate decision-making authority to subordinates

• Gives workers more jobs to complete

• Provides more interesting jobs for workers

Which of the following would not be classed as a fringe benefit

• Company car

• Education allowance

• Salaries

• Work uniform

The payment system whereby employees receive a share of the company's profits is known as

• Dividend

• Performance related pay

• Profit related pay

• Retained profits

Making a job more challenging is an example of

• Job enlargement

• Jon enrichment

• Job retrenchment

• Job rotation