Compensation Management

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