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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?

To retain and improve loyalty of current employees 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?

Job empowerment Signup and view all the answers

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

To control the compensation budget Signup and view all the answers

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

Financial compensation Signup and view all the answers

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

To remain competitive in the labor market Signup and view all the answers

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

To provide a cap on the range paid for particular jobs or locations 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?

Placing very sticky paper on the entrance to the building Signup and view all the answers