5 Questions
Who tends to receive salaried pay?
Managers and web designers
What are the two main components of employee compensation?
Direct financial payments and indirect financial payments
What is an example of an indirect financial payment?
Employer-paid insurance
What predominates for blue collar and clerical workers in terms of payment?
Time-based pay
What ties compensation to the amount of production?
Piecework
Test your knowledge on establishing pay plans, financial incentives, and employee benefits. This quiz covers the main purposes of a compensation policy and how to ensure each employee's pay makes sense in comparison to others.
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