29 Questions
Which of the following is NOT a form of compensation according to the text?
Professional development opportunities
What type of compensation includes rewards with no monetary value but providing satisfaction to employees?
Flexible work scheduling
What is a major system of payment for wages/salaries mentioned in the text?
Time-related system
What does the term 'compensation package' include according to the text?
Wages and bonuses
What is the purpose of bonus payment?
To reward employees for good performance
What is the maximum number of weekly working hours in Malaysia as of January 1, 2023?
45 hours
What are the overtime rates for working on a public holiday in Malaysia?
3 times the normal hourly rate
Which term refers to a system of working hours where the starting and stopping times are decided by individual workers within certain limitations by the employer?
Flexibands
What is the maximum number of days for maternity leave under the new Employment Act in Malaysia?
98 days
What is the entitlement for paternity leave in Malaysia?
7 days
According to the Employment Act, what does Section 59 stipulate?
Rest day requirement
What type of benefits are required by law in Malaysia?
Statutory benefits
What is the purpose of shift work?
To provide flexibility in working hours
What does 'flexitime' refer to?
Core hours of working time
What is the definition of part-time working according to the Employment Act?
Less than 70% of normal hours of a full-time worker
What type of compensation includes rewards with no monetary value but providing satisfaction to employees?
Non financial reward
Which of the following is a major system of payment for wages/salaries mentioned in the text?
Time related systems
What is the primary purpose of the compensation package mentioned in the text?
To offer incentives based on performance
What does the term 'flexible work scheduling' refer to in the context of compensation and benefits?
Insurance coverage for employees
What is the definition of paternity leave in Malaysia?
7 days of leave for the father of a child, with a limit of 5 children and irrespective of the number of spouses
What is the maximum number of weekly working hours in Malaysia as of January 1, 2023?
45 hours
What are the overtime rates for working on a public holiday in Malaysia?
3 times the normal hourly rate
According to the Employment Act, what does Section 59 stipulate?
The requirement for a weekly rest day
What is the definition of flexitime in Malaysia?
System where starting and stopping times are decided by individual workers
Which type of benefits are statutorily required by law in Malaysia?
Maternity leave and paternity leave
What is considered as non-statutory benefits according to the text?
$1000 financial reward for completing a project on time
What is the purpose of shift work according to the text?
To allow workers to take turns manning workstations
What is the maximum number of days for maternity leave under the new Employment Act in Malaysia?
$98 days
What is considered as indirect financial payments according to the text?
Shift work
Test your knowledge of compensation and benefits in human resource management with this quiz. Explore the definition of compensation, including direct and indirect financial payments, and non-financial payments. Learn about the types of compensation, such as wages, salaries, incentives, bonuses, and insurance coverage.
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