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Exploring Perspectives on Compensation

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Questions and Answers

Which of the following is NOT considered a component of compensation?

Health insurance

Recognition (correct)

Base pay

Challenging work

How do stockholders view compensation?

As a measure of justice

As financial security

As an entitlement

As an expense (correct)

What does compensation aim for in terms of strategic objectives?

Providing financial security

Ensuring job satisfaction

Enhancing employee well-being

Improving performance and controlling costs (correct)

What are the components of cash compensation?

Merit increases and incentives Signup and view all the answers

What are the nonfinancial aspects of compensation?

Job security and learning opportunities Signup and view all the answers

Which of the following is considered a component of compensation?

Recognition Signup and view all the answers

Who perceives compensation as financial security, an entitlement, incentive, or reward?

Employees Signup and view all the answers

What is included in the benefits component of compensation?

Health insurance Signup and view all the answers

What is the purpose of compensation in terms of strategic objectives?

Improving performance and controlling costs Signup and view all the answers

What do stockholders debate about compensation?

Ownership Signup and view all the answers