Podcast
Questions and Answers
What is the main purpose of compensation management?
What is the main purpose of compensation management?
- To establish and execute pay and benefits for employees (correct)
- To increase employee turnover rates
- To provide employees with a sense of job security
- To improve labor productivity
Which of the following is NOT considered an HRM performance indicator?
Which of the following is NOT considered an HRM performance indicator?
- Sales revenue (correct)
- Customer satisfaction
- Employee turnover rates
- Work accidents
What does the term 'compensation' refer to in the context of HRM?
What does the term 'compensation' refer to in the context of HRM?
- Total of all rewards provided to employees in return for their work (correct)
- Only cash payments given by an employer to an employee
- Noncash payments given by an employer to an employee
- The establishment and execution of pay and benefits
What is the primary purpose of HR planning in organizations?
What is the primary purpose of HR planning in organizations?
Which aspect is NOT included in industrial relations according to the text?
Which aspect is NOT included in industrial relations according to the text?
Which of the following is NOT considered as part of the total compensation package for an employee?
Which of the following is NOT considered as part of the total compensation package for an employee?
What is the primary purpose of pay incentives in a compensation program?
What is the primary purpose of pay incentives in a compensation program?
What does 'fair wage' management aim to ensure?
What does 'fair wage' management aim to ensure?
Which type of compensation is related to 'extra benefits and gains' offered to employees in addition to the main wage?
Which type of compensation is related to 'extra benefits and gains' offered to employees in addition to the main wage?
What is the primary factor determining whether or not a wage structure is fair according to the text?
What is the primary factor determining whether or not a wage structure is fair according to the text?
