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WorksheetsTotal Rewards
Total questions: 25
Worksheet time: 25mins
Unwritten set of contracts operating at all times between employer and employee
Transactional Contract
Written Contract
Relational Contract
Psychological contract
Performance-based pay is
Base pay
HRA
Merit Pay
Gainsharing
When the organisational structure is flat with cross-functional project teams, the pay structure is
Narrow-graded
Spine structure
Broad-banded
Spot-rate
When the job is compared to pre-determined standards then it is
Ranking method
Factor comparison method
Job classification
Point factor method
Pay range is when
Mid-point is fixed based on job evaluation
Mid-point is fixed based on market rate comparisons
Mid-point is fixed based based on job evaluation and market rate comparisons
A percentage is fixed on either side of the midpoint
Pay progression is based on
Service
Service or Performance
Service and Performance
None of the above
When the average pay is below the policy mid point the compa-ratio is
=1
<1
>1
None of the above
A substitute for Merit pay would be
Lump-sum bonus
Performance bonus
Spot awards
Increase in base pay
An example of individual incentive plan as a function of unit of production per time period is
Standard hour plan
Halsey 50-50 method
Rowan Plan
Straight piecework plan
The merit increase for promotion will be in the range of
4-5%
6-10%
8-12%
Above 12%
Stock ownership plan is an example of
Individual incentive plan
Team incentive plan
Benefit
Long-term incentive plan
PF, Gratuity and pension are examples of
Fringe benefits
Statutory benefits
Social security benefits
All the above
In an FBP, the upper limit is called
Entitlement
Reimbursement
Payout
Cafeteria-style
Components of Wages are
Basic wage, allowances, benefits
Basic wage, incentives, allowances
Basic wage, DA, Allowances
Basic wage, DA, benefits
In PF contribution by the employer
8% goes to the pension scheme
3.67% goes to the pension scheme
12% goes to the pension scheme
8.33% goes to the pension scheme
The wage ceiling for ESI is
Rs. 18000
Rs. 15000
Rs. 21000
Rs. 25000
Eligible maternity leave as per the recent amendment is
18 weeks
24 weeks
26 weeks
36 weeks
Unorganised sector is not covered under the NPS scheme
True
False
A nominee has the rights to claim the premium paid due to the death of a person covered under the PA policy
True
False
Incentives are derived as a function of the ratio between labour costs and sales value of production (SVOP) in
Scanlon Plan
Rucker Plan
Improshare Plan
All the above
Occupational diseases are covered under the Workmen's Compensation Act, 1923, that covers accidents
True
False
______________________wage covers bare essentials for the worker and his family including education and medical care
Minimum wage
Living wage
Fair wage
Basic wage
The country that supports commitment and security and has an aging workforce is
India
USA
Germany
Japan
German citizen working for Toshiba in Toronto is a
HCN
LCN
PCN
TCN
Chauffeur-driven car is an example of ____________________in Executive compensation
Benefits
Long-term Incentives
Alowances
Perks
