Lesson 8

Company A provides bonus to all employees. What type of compensation that company provides?

• Salary

• Incentive Pay

• Wage

• Overtime

Which compensation strategy that the “company pays the going rate”

• Leads the market

• Lags the market

• Matches the market

• Direct the market

Which of the following not including in” Group incentive”

• Tips

• Service Charge

• Commission plans

• Employee stock Ownership Plans (ESOPs)

Hourly pay rate for cinema employee is 30 THB per hour, ABC cinema pays their employees 60 THB per hour, what compensation strategy does the ABC cinema use?

• Lead the market

• Lags the market

• Matches the market

• Direct the market

Which sentence is false about Compensation?

• Compensation can raise extrinsic motivation.

• Compensation can not create job dissatisfaction.

• Compensation can reduce the turnover rate

• Compensation can create job satisfaction.

______ is the method that create much wider spread between minimum and maximum salary for each position

• Job evaluation

• Broadbanding

• Indirect financial compensation

• Intrinsic motivation

Which one is not Direct Financial management?

• Wage

• Salary

• Perks

• Incentive

Which of the following is individual incentive?

• Price rate plan

• Employee stock ownership plans

• Service charge

• Tips

Which of the following statements are not the advantage of Broad banding?

• The payment increasing can be based on skill and competency not only by promotion.

• Easier to do job rotation

• Easy for cost controlling

• Encourage the employees to span the skill set

______is a reward offered to employee on a one-time basis for high performance

• Service Charge

• Provident fund

• Bonus

• Boardbanding