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Functions of HRM and Performance Indicators Quiz

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Questions and Answers

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?

Sales revenue (correct)
Customer satisfaction
Employee turnover rates
Work accidents

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?

To ensure the right number of people with the right skills at the right time (D) Signup and view all the answers

Which aspect is NOT included in industrial relations according to the text?

Workplace diversity (A) Signup and view all the answers

Which of the following is NOT considered as part of the total compensation package for an employee?

Base compensation (base wage) (A) Signup and view all the answers

What is the primary purpose of pay incentives in a compensation program?

To reward employees for their performance and contributions (B) Signup and view all the answers

What does 'fair wage' management aim to ensure?

Perceived fairness of the pay structure within the organization (B) Signup and view all the answers

Which type of compensation is related to 'extra benefits and gains' offered to employees in addition to the main wage?

Indirect compensation or benefits (B) Signup and view all the answers

What is the primary factor determining whether or not a wage structure is fair according to the text?

The social structure and ethical values held at the time of implementation (D) Signup and view all the answers

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