Compensation Administration MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on Compensation Administration, a fundamental topic in the field of Human Resource Management. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our Compensation Administration MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of Compensation Administration mcq questions that explore various aspects of Compensation Administration problems. Each MCQ is crafted to challenge your understanding of Compensation Administration principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace Human Resource Management tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our Compensation Administration MCQs are your pathway to success in mastering this essential Human Resource Management topic.

Note: Each of the following question comes with multiple answer choices. Select the most appropriate option and test your understanding of Compensation Administration. You can click on an option to test your knowledge before viewing the solution for a MCQ. Happy learning!

So, are you ready to put your Compensation Administration knowledge to the test? Let's get started with our carefully curated MCQs!

Compensation Administration MCQs | Page 17 of 22

Q161.
The concept in which the pay for the jobs that require similar skills, abilities and knowledge without taking duties into consideration is called
Discuss
Answer: (a).pay equity
Q162.
The payments made to employees for the amount of time in which the employee has worked are classified as
Discuss
Answer: (d).wages
Q163.
The compensation given with the base pay linked to individual team or organizational performance is classified as
Discuss
Answer: (a).variable pay
Q164.
In an organization, the base pay is classified as being part of
Discuss
Answer: (a).direct compensation
Q165.
According to traditional compensation approach, the perks and bonuses are
Discuss
Answer: (c).for executive only
Q166.
The curve which is used to represent relationship between pay rate and experience is classified as
Discuss
Answer: (b).maturity curve
Q167.
The procedure of using less and more broad pay grades than the traditional system of compensation is classified as
Discuss
Answer: (c).broad banding
Q168.
The compensation philosophy according to which the organization increase the salary of employees every year is called
Discuss
Answer: (b).entitlement orientation philosophy
Q169.
The employee who is paid less than the specified range for the job is classified as
Discuss
Answer: (c).green circled employee
Q170.
The compensation quartile strategy in which employer of organization pays below than market compensations is called
Discuss
Answer: (d).first quartile strategy