HRMN 395 Total Rewards Approach to Compensation Management Final Exam Review Q & S 2026 (Complete And Verified Study material) (19pages) LEARNEXAMS

1. Multiple Choice: Which of the following is a key element of the Total Rewards Approach? a) Job evaluation b) Salary benchmarking c) Employee recognition d) All of the above Answer: d) All of the above Rationale: The Total Rewards Approach encompasses various elements that contribute to employee compensation, including job evaluation, salary benchmarking, and recognition programs. 2. True/False: Equity theory is primarily concerned with the technical aspects of pay structure. Answer: False Rationale: Equity theory focuses on the psychological concept of fairness in compensation and how it affects employee motivation, rather than the technical structuring of pay. 3. Fill-in-the-Blank: __________ is a compensation strategy that involves