Compensation Strategy

Compensation Strategy

University

15 Qs

quiz-placeholder

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Compensation Strategy

Compensation Strategy

Assessment

Quiz

Social Studies

University

Hard

Created by

John Robinson

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a compensation strategy?

A plan to manage employee salaries and benefits

A method to reduce company expenses

A strategy to increase product sales

A technique to improve customer satisfaction

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is NOT a component of a compensation strategy?

Base pay

Employee training

Incentives

Benefits

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Why is a compensation strategy important for organizations?

It helps in attracting and retaining talent

It reduces the need for marketing

It increases the company's tax liabilities

It decreases employee productivity

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What role does market research play in developing a compensation strategy?

It helps in setting competitive salary levels

It reduces the need for employee evaluations

It increases the company's profit margins

It eliminates the need for employee benefits

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a common goal of a compensation strategy?

To align employee performance with company goals

To increase the number of employees

To reduce the number of working hours

To eliminate employee benefits

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

How can a compensation strategy impact employee motivation?

By providing financial incentives for performance

By reducing the number of workdays

By increasing the workload

By eliminating bonuses

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the relationship between compensation strategy and employee retention?

A well-designed strategy can improve retention

There is no relationship

A poor strategy increases retention

Compensation strategy only affects new hires

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