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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

Q. The benefits offered in traditional compensation approach are usually

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

Q. The non-cash benefits usually reserved for executives of organization are classified as

View solution

Q. The employee stock options, deferred compensations and executive stock options are classified as techniques of

View solution

Q. The system which is followed in organizations to distribute some portion from profits to all employees in organization is classified as

View solution