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Questions and Answers
What is compensation in the context of organizational behaviour and human resource management?
What is compensation in the context of organizational behaviour and human resource management?
- The benefits and incentives offered to employees as part of the reward strategy
- The sum total of all forms of payments and rewards provided to employees for performing tasks to reach organizational objectives (correct)
- The salary received at the end of a specified period regardless of the number of hours worked
- The specific monetary payment provided to employees for their services
What is the key reason why an employee chooses to stay in an organization?
What is the key reason why an employee chooses to stay in an organization?
- Opportunities for career growth
- Job security
- Perception of the adequacy of organizational rewards (correct)
- Work-life balance initiatives
What does the term 'total reward' refer to?
What does the term 'total reward' refer to?
- The performance-based bonuses given to employees
- The total annual salary of an employee
- The overall compensation package offered by an organization
- The sum total of all financial and non-financial rewards provided to employees (correct)
What are the two categories of wage base pay mentioned in the text?
What are the two categories of wage base pay mentioned in the text?
What is the significance of compensation and rewards in the context of HR practices?
What is the significance of compensation and rewards in the context of HR practices?
What is the primary purpose of pay for performance approaches?
What is the primary purpose of pay for performance approaches?
What is the main determinant of employee engagement and job satisfaction according to the text?
What is the main determinant of employee engagement and job satisfaction according to the text?
What does the term 'equity in reward decisions' refer to?
What does the term 'equity in reward decisions' refer to?
What is the purpose of job evaluation?
What is the purpose of job evaluation?
What are the methods of job evaluation?
What are the methods of job evaluation?
What are the determinants of pay levels?
What are the determinants of pay levels?
What places an upper boundary on employee compensation?
What places an upper boundary on employee compensation?
What is the purpose of compensation and rewards?
What is the purpose of compensation and rewards?
What is the primary focus of retaining high performers?
What is the primary focus of retaining high performers?
What does the Equity Theory propose?
What does the Equity Theory propose?
What does undercompensation inequity lead employees to do, according to the Equity Theory?
What does undercompensation inequity lead employees to do, according to the Equity Theory?
What type of equity is based on employees being paid according to the relative value of their jobs?
What type of equity is based on employees being paid according to the relative value of their jobs?
What is the primary focus of contemporary compensation approach?
What is the primary focus of contemporary compensation approach?
What are the components of non-financial compensation?
What are the components of non-financial compensation?
What is the primary focus of the traditional compensation approach?
What is the primary focus of the traditional compensation approach?
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