Strategic Pay Plans and Total Rewards Quiz

• The intrinsic rewards gained by employees from their employment.
• The monetary rewards gained by employees from their employment.
• The total value an employee receives from the employer, including compensation, benefits, career management, workplace/lifestyle, and employee pride. (correct)
• The commitment the employee makes to the company in exchange for benefits.

• To minimize employee turnover by offering basic compensation only.
• To attract and retain talent by offering competitive compensation and benefits. (correct)
• To maintain a rigid pay structure to avoid conflicts.
• To focus solely on intrinsic rewards for employee satisfaction.

• The total compensation package offered to employees.
• The balance between monetary and non-monetary rewards for employees.
• The fairness and impartiality in compensation for employees performing similar jobs. (correct)
• The equal pay for all employees regardless of their roles and performance.

<p>When the organization wants to motivate employees to achieve specific goals. (A)</p> Signup and view all the answers

<p>The commitment the company will make to develop the employee in exchange for the effort the employee puts in to benefit the company. (A)</p> Signup and view all the answers