HRM4004 - Week 5

•This includes overtime pay, shift differential, premium pay for working weekends and holidays, and other add-ons.

• Base pay

• Wages and salary add-ons

• Incentive Pay

• Benefit

The pay for performance, and it commonly includes items such as piecework and commissioned sales.

• Base pay

• Wages and salary add-ons

• Incentive Pay

• Benefit

Compensation that provides something of value to the employee.

• Base pay

• Wages and salary add-ons

• Incentive Pay

• Benefit

•This is typically a flat rate, either as an hourly wage or salary

• Base pay

• Wages and salary add-ons

• Incentive Pay

• Benefit

How many main reward approaches?

• 1

• 3

• 2

• 4

Which type of reward approach that consists of job-based pay, which provides pay related to the value of the job, and person-based pay, which provides rewards that recognize the individual’s contribution.

• Financial

• Non-Financial

• Total Reward

• None of the above

Which reward approach includes the various aspects of reward, namely base pay, contingent pay, employee benefits and non-financial rewards

• Financial

• Non-Financial

• Total reward

• None of the above

Which type of reward approach that focuses on the needs people have for recognition, achievement, personal growth, acceptable working conditions and personal well-being

• Financial

• Non-Financial

• Total reward

• All of the above

How many main drivers of a reward system?

• 2

• 4

• 5

• 3

The management of job- and person-based pay involves

• Pay determination

• Base pay management

• Contingent Pay

• All of the above