compensation system design

mcqspedia.com has 5 Question/Answers about Topic compensation system design

Compensation philosophy according to which organization increase salary of employees every year is called

Compensation philosophy according to which organization increase salary of employees every year is called
  • A. primacy orientation philosophy
  • B. entitlement orientation philosophy
  • C. performance orientation philosophy
  • D. recency orientation philosophy
  • Correct Answer: Option B

According to traditional compensation approach, perks and bonuses are

According to traditional compensation approach, perks and bonuses are
  • A. for CEO only
  • B. for all employees
  • C. for executive only
  • D. not for executives
  • Correct Answer: Option C

Outcomes of competency based system such as improved and higher employee satisfaction and commitment are classified as

Outcomes of competency based system such as improved and higher employee satisfaction and commitment are classified as
  • A. quartile strategy based outcome
  • B. organization-related outcomes
  • C. employee-related outcomes
  • D. percentiles strategy outcomes
  • Correct Answer: Option C

According to total rewards approach, variable pay of employee is

According to total rewards approach, variable pay of employee is
  • A. added into base pay
  • B. subtracted from base pay
  • C. multiplied to base pay
  • D. divided to base pay
  • Correct Answer: Option A

Compensation quartile strategy in which 75% of employers pays below than market and remaining 25% pays compensations higher than market is called

Compensation quartile strategy in which 75% of employers pays below than market and remaining 25% pays compensations higher than market is called
  • A. forth quartile strategy
  • B. third quartile strategy
  • C. second quartile strategy
  • D. first quartile strategy
  • Correct Answer: Option B