Q. The compensation quartile strategy in which 50% of employers pays below than market and remaining pays compensations higher than market is called

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Q. The jobs in organization that require similar knowledge, abilities and skills and are performed by individuals having similar duties are classified as

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Q. The employees to whom the overtime is not paid under the restriction of Fair Labor Standards Act are called

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Q. The type of rewards employees get in the form of monetary or non-monetary benefits are classified as

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Q. The compensation philosophy according to which compensations are not paid according to span of service, but considering performance level is called

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Q. The perceived fairness that must be considered in outcomes of performance is classified as

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Q. The payments made to employees without taking hours for which they worked into consideration are called

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Q. If the mid-point is 20 and the current pay of an employee is $25 then the compa ratio is

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Q. The benefits offered in traditional compensation approach are usually

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Q. The outcomes of competency based pay system such as fewer bottlenecks, more workforce flexibility and increased effectiveness are classified as

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Q. The most common and usual form of direct compensation paid in organizations is

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Q. The type of rewards employees get in form of praise for successfully accomplishing goals or completing project is classified as

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Q. According to compensation programs, the benefits such as retirement pensions and life insurances are classified in the category of

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Q. The types of compensation the employees get from organization after timely completion of work includes

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Q. According to compensation programs designed for employee, the variable pay other than base pay is classified as part of

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Q. According to compensation programs designed for employee, the variable pay other than base pay is classified as part ofThe employees to whom the overtime is must to be paid under the restriction of Fair Labor Standards Act are called

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Q. In piece rate systems, the method in which number of units produced are multiplied by piece rate per unit, is classified as

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Q. The compensation which is calculated as percentage of total revenue generated by the sales is classified as

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Q. The plan which gives the right to sell or buy the stock of the organization at fixed price for specific period of time is classified as

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Q. In sales incentives and compensation, the amount which is deducted from future commissions in advance is classified as

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