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Employee Compensation and Benefits Quiz

Authored by Tanya Hayworth

Other

12th Grade

Used 153+ times

Employee Compensation and Benefits Quiz
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the different types of employee compensation?

Vacation days, sick leave, maternity/paternity leave

Salary, wages, bonuses, commissions, benefits, and perks.

Hourly pay, overtime pay, profit sharing, stock options

Pension, retirement plans, healthcare benefits

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Name three benefits of employee compensation.

Decreased financial security, decreased motivation, talent loss

Decreased financial security, increased workload, talent loss

Financial security, motivation, talent attraction and retention

Increased workload, decreased motivation, talent loss

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the difference between salary and wages?

Salary is based on hours worked, while wages are fixed.

Salary is paid monthly, while wages are paid weekly.

Salary is earned by hourly workers, while wages are earned by salaried workers.

Salary is fixed, while wages are based on hours worked.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are incentive programs in employee compensation?

Extra vacation days given to employees based on their performance or achievement of specific goals.

Penalties or fines imposed on employees for not meeting performance goals.

Discounts on company products or services given to employees based on their performance or achievement of specific goals.

Rewards or bonuses given to employees based on their performance or achievement of specific goals.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the main components of a retirement plan?

401(k), annuity, life insurance

IRA, stocks, bonds

pension, retirement savings account, Social Security benefits

Medicare, Medicaid, disability benefits

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of employee compensation is based on an hourly rate?

hourly wage

annual bonus

commission

monthly salary

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are some common types of incentive programs?

cash bonuses, gift cards, discounts, rewards points, profit sharing

paid time off, company stock, free merchandise

vacation packages, company car, gym memberships

employee of the month award, flexible work hours, team building activities

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