What is the foundation of compensation in a financial rewards plan?

HAT2

Quiz
•
Business
•
University
•
Hard
Thomas Vu
Used 1+ times
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11 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Variable Pay
Base Pay
Stock Options
Benefits
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of plan involves current or deferred profit sharing?
Stock Option Plans
Phantom Stock Plans
Profit Sharing Plans
Restricted Stock Plans
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which method is used to ensure competitive pay rates by comparing internal jobs to the external market?
Job Evaluation
Market Pricing
Pay Progression
Spot Rates
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which approach to job evaluation uses a systematic process to determine job worth?
Informal Methods
Leader Assessments
Analytical Job Evaluation
Spot Rates
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of job evaluation?
To assess the personal performance of employees
To determine the relative worth of jobs within an organization
To set fixed salary rates for employees
To define career progression paths
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which pay structure provides clear career pathways and compensatory rewards?
Unstructured Pay Systems
Incremental Scales
Spot Rates
Graded Structures
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main challenge in balancing internal equity and market competitiveness in pay structures?
Setting variable pay rates
Ensuring performance-based rewards
Managing fairness and clarity in compensation practices
Defining non-monetary rewards
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