WorksheetsStrategic Compensation
Total questions: 10
Worksheet time: 5mins
Profit shares give employees a share in their company's profits rather than its quarterly or annual earnings
true
false
What is group incentives?
individual reward for group performance
group reward for individual performance
team rewarded for team performance
What are the three types of incentive plans?
Individual, Group, and company-wide plans
cash incentive, profit sharing, and stock option
Longevity pay is usually scheduled in advance?
True
False
Merit pay doesn't help retain valued employees.
true
false
Having the same seniority for an extended period of time can lead to discrimination with talent and competency.
true
false
Almost all rators appraiser makes rating errors.
true
false
4 varieties of common person-focused pay structures include
1- The stairstep model
2- The skill blocks model
3- The Job-Point Accrual Model
4- Cross-departmental models
1- The staicase model
2- Promotion
3- incentives
4- competency-based model
1-knowledge-pay
2-Person-focused pay
3- Job-based pay
4- Competency-based pay
The FLSA stands for.....
Florida Labor State Agency
Fair Labor STandards Act
Fair Labor State Act
Fair Labor Standard Agency
Three basic types of person-focused pay programs include
Pay-for-Knowledge
Skill-based pay
Competency-based pay
Depth of knowledge pay
