Total Rewards

What is the purpose of balancing colleague and Employer needs?

• To only focus on Employer needs

• To balance the colleague and Employer needs

• To ignore colleague needs and focus on Employer needs

• To prioritize colleague needs over Employer needs

Why is it important to recognize efforts and performance in terms of pay and career development?

• To increase colleague workload

• To decrease colleague motivation

• To ignore colleague contributions

• To motivate and reward colleague performance

What does Compensation include?

• Only Short Term Incentives

• Only Fixed Allowances

• Only Base Pay

• Total Target Compensation (combine: Base pay - fixed allowances - Incentives)

What is the purpose of the Group Variable Reward (GVR) plan?

• To reduce colleague benefits

• To discourage performance outcomes

• To align rewards with business performance

• To punish sustained performance

What is the EOY performance review important for?

• To ignore colleague achievements

• To assess performance and set goals

• To decrease colleague morale

• To avoid recognizing colleague efforts

How are EOY Performance Ratings determined?

• Based on colleague preferences

• Based on external factors

• Based on leadership judgement and discretion

• Based on random selection

What does a rating of '1 - Not Achieved' indicate?

What is the purpose of the Recognition Award?

• To acknowledge exceptional outcomes and How We Work

• To limit colleague recognition

• To discourage outstanding work

• To reduce team morale

When are Recognition Awards given out?

• Every year

• Every quarter

• Every decade

• Every month

What is the eligibility criteria for Variable Rewards plan participation?

• Employed by NICV under a labour contract

• Commenced employment after 1st July of the Performance Year

• Not meeting role requirements

• No unpaid leave taken during the Performance Year