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WorksheetsCompensation Management
Total questions: 25
Worksheet time: 16mins
Wage differentials depend on the following factor / factors
Difference in labour efficiency
Social esteem
Occupation
All
None
Base/Bases for traditional pay system is/are -------------------------------------------
Cost of living and labour market
Base wage or salary
Both of these
None
Basic compensation system/systems is /are --------------------------------------------
Time rate system
Piece rate system
Both of these
None
Components of wage & salary are
Basic wage
Overtime wage
Dearness allowance
All of these
None
Base/Bases for Modern Pay System is/are ----------------------------------------
Base wage or salary
Variable pay
Both of these
None
Employees are paid incentives on 'Output' basis if ------------------------
Units of output can be measured
Direct relationship exists between employee efforts and quantity of output
Jobs are standardised
All of these
None
Job Analysis is used in compensation to identify or determine -------------------------
Skill levels
Responsibilities
Required level of education
All of these
None
Differential piece rate system is suitable where ------------------------------------
Fixed costs are higher in proportion to variable cost
It is possible to determine production accurately
There are standardised methods of production
All
None
Job description identifies for a job
Tasks
Duties
Responsibilities
All of these
None
Group incentive plans may not become successful due to ----------------------------
Unevenness in performance of different members of groups
feeling among group members
No recognition for individual performance
All of these
None
Compensation management is the establishment and implementation of sound policies and practices through
Job evaluation
Surveys of wages & salaries
Both of these
None
Pay for knowledge is/are
Job based
Skill & Competency based
Both of these
None
Perquisite/Perk is
Any reward/benefit given to employee over and above the wage or salary
Provident fund, gratuity & pension
Company car
All of these
None
Skill based pay is tied to
Skills
Abilities
Knowledge
All of these
None
Competency/Competencies is/are -----------------------------
Expertise
Knowledge
Self concept
Traits
All of these
Total compensation/reward consists of ---------------------
Direct financial compensation
Indirect financial compensation
Non-financial compensation
All of these
Factor/ Factors influencing pay is/are -----------------------------
Market forces
Organisation policy
Work value
Individual performance
All of these
Fringe Benefit/Benefits is /are ----------------------------------------
Wage/Salary
Company car
Stock options
All of these
None
Method/ Methods of Wage Surveys is/are ------------------------------------
Personal Interviews
Mailed Questionnaires
Telephone Inquiries
All
Basis for establishing (a) plan is pay structure
(a) is the methods and practices of ordering the jobs or positions with respect to their value or worth to the organization.
(a) is the additional pay given to an employee, based on his/her length of service, who has reached to the maximum pay grade and there is no likely-hood for him/her to move to the higher grades.
(a) is the systematic formal study of the duties and responsibilities of the jobs and seeks to obtain important and relevant information about the nature and level of the work performed.
(a) is the incentive pay given to the employees of a team or group for encouraging team-working and co-operative behaviour and improving the performance of the group.
(a) is direct cash payments, indirect payments (employee benefits) and incentives to motivate employees to strive for higher levels of productivity
