Quiz on Employee Turnover and Compensation

What is the difference between voluntary and involuntary turnover?

• Voluntary turnover is employee-initiated (e.g., quits) and involuntary turnover is organization-initiated (e.g., discharges, terminations, firings, dismissals).

• Voluntary turnover is organization-initiated and involuntary turnover is employee-initiated.

• Both voluntary and involuntary turnover are employee-initiated.

• Both voluntary and involuntary turnover are organization-initiated.

How do companies that conduct large-scale layoffs perform relative to companies that engage in smaller or no layoffs?

• They often perform more poorly than companies that engage in smaller or no layoffs.

• They often perform better than companies that engage in smaller or no layoffs.

• They perform the same as companies that engage in smaller or no layoffs.

• They outperform companies that engage in smaller or no layoffs.

What model examines turnover as a sequential process that involves shocks, image violations, satisfaction, and evaluation and presence of alternatives?

• The unfolding model of turnover

• The cyclical model of turnover

• The static model of turnover

• The dynamic model of turnover

Which industry has the highest annual rate of voluntary turnover?

• Leisure & Hospitality (or Accommodation & Food Services)

• Healthcare & Social Assistance

• Manufacturing

• Information Technology

What model of turnover examines the role of community links, fit, and sacrifice in employees’ turnover decisions?

• Job embeddedness

• Job satisfaction

• Job involvement

• Job commitment

What are the two components that comprise compensation?

• Pay and benefits

• Salary and bonuses

• Wages and incentives

• Allowances and perks

Culture and quality of life are examples of which type of total rewards?

• Experiential rewards

• Financial rewards

• Performance rewards

• Recognition rewards

What is one of the five main objectives of total rewards?

• Align individuals with organizational goals

• Increase company profits

• Reduce employee turnover

• Enhance customer satisfaction

The wage gap between the CEO and the median worker in a company is an example of which total reward decision?

• Degree of dispersion

• Level of equity

• Scale of fairness

• Extent of balance

Employees receiving increases to base pay for past performance is an example of what type of pay-for-performance plan?

• Merit pay

• Bonus pay

• Incentive pay

• Commission pay