Employee Rewards and Compensations Quiz
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Employee Rewards and Compensations Quiz

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Questions and Answers

What is the purpose of maintaining salary equity among employees?

  • To reward employees' past performance
  • To remain competitive in the labor market (correct)
  • To encourage motivation by providing a system to improve satisfaction
  • To retain and improve loyalty of current employees
  • What is the primary objective of attracting qualified manpower to join the company?

  • To make sure the compensation system complies with legal requirements
  • To encourage motivation by providing a system to improve satisfaction
  • To reduce unnecessary turnover (correct)
  • To retain and improve loyalty of current employees
  • Which type of compensation refers to rewards received by employees in terms of money?

  • Monetary compensation (correct)
  • Indirect compensation
  • Incentive compensation
  • Non-monetary compensation
  • What is the main purpose of rewarding desired behavior to ensure a positive attitude towards organizational goals?

    <p>To retain and improve loyalty of current employees</p> Signup and view all the answers

    Which of the following refers to programs established by employers to satisfy employees in terms of job content and context?

    <p>Job empowerment</p> Signup and view all the answers

    What is the aim of meshing employees' future performance with organizational goals?

    <p>To control the compensation budget</p> Signup and view all the answers

    What is the main reason and initial motivator for every employee according to the text?

    <p>Financial compensation</p> Signup and view all the answers

    What is the purpose of analyzing organizational objectives in terms of compensation strategy?

    <p>To remain competitive in the labor market</p> Signup and view all the answers

    What is the main purpose of a salary structure according to the text?

    <p>To provide a cap on the range paid for particular jobs or locations</p> Signup and view all the answers

    What does the text suggest as a way to accomplish the goal of attracting, motivating, and retaining good employees?

    <p>Placing very sticky paper on the entrance to the building</p> Signup and view all the answers

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