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Questions and Answers
Year-end bonuses are based on company financial performance measures such as revenue.
False
Deferred compensation is one of the six basic components of executive/managerial compensation packages.
True
Stock options are a form of fringe benefits.
False
Employment security arrangements are designed to provide job security for executives and managers.
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Salary cannot be adjusted annually.
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Annual bonus payments are not effective in motivating future performance.
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Equity compensation is more suitable for rank and file employees than senior executives.
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Fringe benefits given to rank and file employees are subject to a 35% Fringe Benefit Tax (FBT).
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Employee leasing can provide firms with more control over employee availability, effort, and skill.
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The Philippine Health Insurance Corporation scheme aims to provide access to quality medical and health care services for all rank and file employees.
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