COMPENSATION & BENEFITS

In rewards management, what is the ultimate criterion?

• The best available performance measure.

• All aspects of performance defining job success.

• A specific, measurable goal.

• The easiest performance metric to collect.

What does "criterion deficiency" refer to?

• Contamination of performance data.

• Excluding relevant aspects of performance from measurement.

• Measuring irrelevant aspects of performance.

• The perfect performance measure.

"Criterion contamination" means:

• Including irrelevant factors in performance measurement.

• Omitting important performance aspects.

• Perfect alignment of actual and ultimate criteria.

• Using only objective measures.

Which of the following is an example of a subjective criterion?

• Sales figures.

• Employee ratings.

• Number of units produced.

• Project completion dates.

What is a "composite criterion"?

• A single performance measure.

• Combining multiple performance criteria.

• Focusing only on objective measures.

• Using only subjective measures.

"Dynamic criteria" refer to:

• Static performance standards.

• Performance levels that change over time.

• Objective performance measures.

• Subjective performance measures.

"Base pay" is:

• Variable pay based on performance.

• A fixed salary regardless of performance.

• Short-term incentives.

• Long-term incentives.

"Merit pay" is:

• Pay based on seniority.

• Pay increases based on performance.

• Bonuses for specific projects.

• Stock options.

"Long-term incentives" typically involve:

• Annual bonuses.

• Stock options or equity grants.

• Performance-based raises.

• Cost-of-living adjustments.

Which of the following is NOT typically considered a "benefit"?

• Health insurance.

• Paid time off.

• Base salary.

• Retirement plan.