Payment

Below are types of compensation by employer to employee, EXCEPT

• Wages

• Income

• Benefits

• Incentives

X known as __________.

• Non monetary system

• Employer goal system

• Remuneration system

Goal of remuneration system is to ________

• retain the best employees

• have minimum benefits

• increase top management income

The following are the three (3) wage system, EXCEPT

• Time- related

• Price-work

• Piece-work

Wages are important to employees, because______

• it determine standard of living, status and competitiveness

• determine the capabilities to minimize income and stable the income level

• to limited an attractive remuneration package

There are internal and external factor determine the level of pay in business.

• True

• False

The following are external factors that determine the level pay in organisation, EXCEPT

• rise of cost of living example price of raw materials increase

• Legal requirement and changes in policies

• increase demand for certain labour market

• the role of the job is high risk

Individual employee's wages can be determine by the following factor. Choose INCORRECT factor.

• level of seniority

• level of education and qualification

• performance level

• race and gender

"work done outside the normal hours of work, is permitted up to a maximum of 104 hours per month". This statement refer to ______

• Wages

• Benefits

• Overtime

• Legislation

Which of the following DISADVANATGES of overtime?

• Increase production level

• opportunity to increase income

• fatigue which lead to accidents