Organizational Pay and Rewards Quiz

What is the significance of total rewards in an organization?

• They are only financial incentives.

• They include both financial and non-financial benefits.

• They are not important for employee motivation.

• They are only applicable to senior management.

Which theory discusses the implications for pay and employee behavior?

• Maslow's Hierarchy of Needs

• Equity Theory

• Herzberg's Two-Factor Theory

• Expectancy Theory

What does the pay model focus on?

• Employee satisfaction

• Pay level and pay structure

• Job security

• Work-life balance

What does FLSA stand for in the context of pay laws?

• Fair Labor Standards Act

• Federal Labor Safety Act

• Financial Labor Security Act

• Fair Labor Safety Act

Incentive pay can be categorized into which of the following types?

• Individual, group, organizational

• Financial, non-financial, mixed

• Short-term, long-term, permanent

• Basic, advanced, expert

What makes pay so important?

• It is a minor factor in employee satisfaction.

• It has no impact on employee motivation.

• It is a key factor in attracting and retaining employees.

• It is irrelevant to organizational success.

What is pay level and how is it used to make compensation decisions?

• It is unrelated to market surveys.

• It determines the base salary for all employees.

• It is used to compare compensation with market standards.

• It is only relevant for executive positions.

What are the legal requirements for pay policies established by the FLSA?

• There are no legal requirements.

• They must comply with minimum wage and overtime rules.

• They only apply to part-time employees.

• They are optional guidelines.

What is equity theory in relation to employee pay and performance?

• It suggests pay should be equal for all employees.

• It focuses on the fairness of pay compared to others.

• It is unrelated to employee motivation.

• It only applies to managerial positions.

How is incentive pay different from base pay?

• Incentive pay is guaranteed, while base pay is not.

• Incentive pay is based on performance, while base pay is fixed.

• Incentive pay is lower than base pay.

• Incentive pay is unrelated to employee performance.