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WorksheetsHRM530: Chapter 9, 10 & 11 Compensation and Benefits
Total questions: 10
Worksheet time: 8mins
Below are the goals of strategic compensation policy EXCEPT:
to attract new employees
to reduce unnecessary turnover
to control the compensation budget
to create a harmony working environment
People in similar jobs compare themselves to what others are making in different organizations is called __________.
individual equity
collective equity
external equity
internal equity
Siti works as a tailor and she gained income for each baju kurung that she sew. This is examples of compensation based on _______.
hourly work
piecework
salaried employee
skill work
Below are the external factors that possibly effect the compensation design EXCEPT:
worth of job
cost of living
area pay rates
collective bargaining
Pay based on an employee’s skill level, variety of skills possessed, or increased job knowledge is called ______.
competence-based-pay
seniority-based-pay
special-based-pay
incentive
One of the disadvantages of piecework is it is not applicable to highly mechanized work where employee has little control over output.
TRUE
FALSE
Annual leaves is categorized as ______ compensation components.
direct
indirect
financial
non-financial
_________ is used to recognize productivity gains, special contributions or achievements, and service to the organization.
awards
recognition
salary
wages
Team incentive plan helps to increase employees' cooperation and unity in organization.
TRUE
FALSE
Procedure by which an employer pays, or makes available to all regular employees, special current or deferred sums based on the organization’s profits is called stock options.
TRUE
FALSE
