Employee Compensation and Reward Quiz

What is the primary purpose of a compensation plan?

• To eliminate job roles

• To increase employee turnover

• To attract and retain qualified employees

• To reduce employee benefits

According to Wendell French, what does compensation include?

• Only bonuses and incentives

• Wages, salaries, and all other allowances and benefits

• Only wages and salaries

• Only non-monetary benefits

Which of the following is NOT a type of compensation?

• Job satisfaction

• Salaries

• Wages

• Fringe benefits

What is the objective of establishing a sound compensation structure?

• To attract manpower in a competitive market

• To reduce employee satisfaction

• To maximize conflicts

• To increase employee turnover

What are fringe benefits?

• Only retirement benefits

• Only monetary rewards

• Only health insurance

• Benefits provided in addition to wages and salaries

Which type of incentive is based on individual performance?

• Non-monetary benefits

• Fringe benefits

• Individual incentive schemes

• Group incentive schemes

What is a key advantage of performance appraisal?

• It increases employee turnover

• It eliminates the need for feedback

• It helps assess training and development needs

• It reduces employee motivation

What does the term 'demotion' refer to?

• Increase in salary

• Downgrading to a lower position

• Transfer to a different department

• Promotion to a higher position

What is the purpose of a performance evaluation system?

• To provide informal feedback

• To examine how well an employee is performing

• To eliminate job roles

• To increase employee dissatisfaction

Which of the following is a method of performance appraisal?

• Employee turnover

• 360 Degree Feedback

• Job analysis

• Job rotation