Compensation Mgt Systems - Unit one quiz

Quiz
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Business
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University
•
Medium
M Allen
Used 3+ times
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20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
______refers to a wide range of financial and non-financial rewards to employees for their services rendered to the organization
Pay
Benefits
Compensation
Salary
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Compensation consists of ALL the following EXCEPT______
gross pay
basic salary
allowances
benefits
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Compensation management can be defined as_______.
outlining processes regarding compensation
dealing with pay issues
the discipline for determining employees' appropriate pay and benefits
a formal statement documenting the company's position about employee compensation
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Compensation philosophies are typically developed by the human resources department in collaboration with _______.
middle managers
top management
employees
trad union
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
If the employer's current compensation philosophy does not support this value, then the organization may need to change its philosophy to meet its current needs.
True
False
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Most compensation philosophies seek to______.
Identify the organization's pay programs and total reward strategies.
Identify how the pay programs and strategies support the organization's business strategy
Retain key talent and reward high-performing employees.
All responses stated
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
An effective compensation philosophy should pass the following quality test___.
Is the overall program equitable?
Is the overall program defensible and perceived by employees as fair?
Are the programs included in the compensation philosophy and policy legally compliant?
All responses stated
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