WorksheetsReward and Performance Management
Total questions: 6
Worksheet time: 2mins
Strategic reward takes a long term approach to how an organization's reward policies and practices can support its business objectives
True
False
The reward system that covers all aspects of work that are valued by people is called
Strategic
Total
Leaner
Smarter
Total reward has implications for cultural change as it focuses primarily on accountability
True
False
Total reward may form part of a strategic approach to reward for many employers
True
False
Different approaches to strategic pay include:
(Tick off the one(s) that apply)
Designing pay structures and pay progression such that values, behaviours, performances and attitudes that the business needs to be successful are rewarded
Positioning earnings carefully against basic pay to encourage appropriate employee performance
Developing a pay policy that's comparative with the external labour market to ensure key personnel retention
Ensuring only one of the vertical and horizontal integration of employee reward approaches with business goals is established
WorldatWork has identified 4 separate components of the work experience in addition to pay and benefits
True
False
