Unit 1 HCM

_______ is a fixed amount of money that an employee receives regularly in exchange for their work

• Salary

• Bonus

• Gratuity

• Incentives

Doctors, Engineers, Lawyers and Pilots come under _______

• Yellow-collar

• Purple-collar

• Gold collar

• Red-collar

Can have a basic degree with or without any domain-specific skill _____

• Blue collar Professional

• White collar Professional

Actual meaning of compensation is to ______

• Credit balance

• Cash balance

• Count balance

• Counter balance

WHICH IS NOT 3P’s OF COMPENSATION MANAGEMENT

• People

• Pay

• Performance

• Position

Based on skills & knowledge of the employee is Pay for _____

• •PERSON

• •PERFORMANCE

• •POSITION

Based on job, duties & seniority is Pay for ____

• People

• Position

• Performance

____ is the process of identifying the activities involved in the job by their content.

• Job evaluation

• Job analysis

• Job description

• Job specification

__ is a systematic process of determining the worth and the value of any job in an organization.

• Job analysis

• Job description

• Job specification

• Job evaluation

An employee does not influence compensation policy in _____

• Potential

• Experience

• Performance

• None