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WorksheetsFinancial rewards and non-financial rewards
Total questions: 10
Worksheet time: 6mins
A consequence of paying workers by piece rate is that
High quality work is recognized and rewarded accordingly
It directly rewards people for the amount of time spent working
It promotes team building
Workers may ignore quality due to the emphasis on the speed of work
Which statement does not apply to employee share ownership schemes
Employees benefit financially if the company performs well
It is used as a form of financial reward
It is used as a way of retaining and motivating staff
Job empowerment is granted to these employees
Teamworking does not tend to allow a business to benefit from
Higher labour productivity
Lower absenteeism
Lower labour turnover
Shorter decision-making time
Job enlargement is not concerned with
Boosting the morale of workers
Giving workers more complex tasks to do
Increasing the number of tasks performed by an employee
Multi-skilling the worker
The name given to the overall bundle of pay and perks of a job is
Contract of employment
Payment and conditions
Payment systems
Remuneration package
Which statement below does not necessarily apply to wages
It is a type of time based payment system
It is normally paid per time period
Overtime is paid at a rate higher than the wage rate for any extra hours worked
Wages do not motivate workers to be extra productive
Empowerment could be seen if a manager
Allocates a particular task to a team
Delegate decision-making authority to subordinates
Gives workers more jobs to complete
Provides more interesting jobs for workers
Which of the following would not be classed as a fringe benefit
Company car
Education allowance
Salaries
Work uniform
The payment system whereby employees receive a share of the company's profits is known as
Dividend
Performance related pay
Profit related pay
Retained profits
Making a job more challenging is an example of
Job enlargement
Jon enrichment
Job retrenchment
Job rotation
