C236 Compensation & Benefit Questions

C236 Compensation & Benefit Questions Leave the first rating Students also studied Terms in this set (506) Social SciencesBusinessBusiness management Save Week 2 Apply Assignment 12 terms mandi46142Preview

HRM/324T: Total Compensation

356 terms vcc61Preview Human Resource Management 30 terms katie_trent98Preview C236 To 39 terms Gee How do employers define total rewards?All forms of pay and compensation, tangible benefits, and other intangible rewards that an organization provides All forms of benefits such as insurance and paid time off, NOT including base salary Base salary The ability to provide a fair, competitive salary in the job market All forms of benefits such as insurance and paid time off, NOT including base salary Cash compensation is the only element of a total rewards package.TrueFalse False Which of the following is not considered an intangible reward?Cash bonuses Meaningful work Playing a key role in a company Rewarding relationships Cash bonuses

Cash compensation influences:

Employee perception Market perception Management perception Government perception Employee perception

In this course, you will learn that as a compensation

manager, you will:

Help employees understand how to negotiate a higher salary Improve compensation systems and better enable your organization to meet its goals Explain to senior management why employees are unhappy with their salary Develop strategies in which you will be able to create opportunities for career advancement Improve compensation systems and better enable your organization to meet its goals In your capacity as a generalist, your ability to impact

compensation will happen in the following way:

Staffing Training Recruiting All of the above All of the above Compensation affects which groups of people in a company?HR managers Employees Potential employees All of the above All of the above

As a compensation manager, you will not:

Understand the compensation plan Manage company goals Require the organization to implement a market- standardized compensation plan Explain the compensation plan to others Require the organization to implement a market-standardized compensation plan What department of the company is not affected by the compensation plan?All departments are affected Marketing Research and development Accounting All departments are affected What is another term for "fringe benefits"?Paid time off Perks Company parties Salary Perks One set of awards may fit one firm but may not fit another firm.TrueFalse true

To have an effective rewards system, you will not need to

understand:

Employees' previous salary Market conditions Profitability Customer needs Employees' previous salary What is variable pay?Performance-based rewards and long-term equity Being paid in a variety of ways (i.e. base salary, fringe benefits, etc.) Being paid variably through the month Ability to negotiate salary Performance-based rewards and long-term equity What is base pay?The salary or hourly wage in exchange for the employee's contribution to the organization The salary based on the market rate The salary or hourly wage including benefits An hourly employee's wage for training hours The salary or hourly wage in exchange for the employee's contribution to the organization

Employee Performance represents:

The quality and quantity of the work that an organization has in the market The quality of the work that individual employees produce in the organization The quantity of the work that individual employees produce in the organization The quality and quantity of the work that individual employees produce in the organization The quality and quantity of the work that individual employees produce in the organization

An organizational citizenship behavior is:

A value-creating activity engaged in by employees, but not as part of the job A value-creating activity that is asked from senior management to mid-level management to complete A value-creating activity that engages employees, which is part of the job A value-creating activity that employees do as part of the job description A value-creating activity engaged in by employees, but not as part of the job Which of the following does organizational performance not include?Gains in market share Developing employees New product creation Effectiveness at meeting customer needs Developing employees Which of the following laws relates to total rewards?Civil rights laws Arbitrage law Litigation None of the Above Civil rights laws

Of the following, which is not considered a guide to

fairness in total rewards:

Distributive Extreme Procedural Interactional Extreme

The employment relationship is:

An agreed-upon basis for organizations and people meeting each other's needs A disagreed-upon basis for organizations and people meeting each other's needs An agreed-upon basis for organizations and government meeting each other's needs None of the above An agreed-upon basis for organizations and people meeting each other's needs

Organizations get work done through:

Dollars Product Customers People People

Total rewards includes:

Base salary Base salary and benefits Benefits Benefits, base salary, paid time off Base salary and benefits Meaningful work would be considered a discretionary employee benefit.TrueFalse false Understanding the total rewards system will not allow you to create a meaningful total rewards plan.TrueFalse false Which of the following job families would not be affected by total rewards?Engineers Finance Marketing All job families are affected by total rewards All job families are affected by total rewards Pay is not a broad category that refers to the monetary compensation that is provided to an employee in exchange for their work.TrueFalse false