A. point method
B. job classification
C. job grading
D. aligned reward strategy
Establishing Strategic Pay Plans
The demonstrable skills, knowledge or behaviors that enable employee’s performance are called?
A. competencies
B. job description
C. job specification
D. job evaluation
The company top executives compensation include?
A. base pay
B. long-term
C. executive benefits
D. all of above
The ‘rate of return on investment’ is classified as?
A. long-term shareholder value
B. calculating stock value
C. calculating return on investment
D. calculating working capital
The compensations and reward packages are designed for employees, must help company to achieve its?
A. mission
B. vision
C. strategic goals
D. compensation strategy
The method in which employer first choose higher and lowest, then secondly choosing the highest and the lowest is?
A. alternation ranking method
B. point method
C. ranking method
D. job classification
The operating profit margin is included in?
A. short-term of shareholder value
B. long-term shareholder value
C. economic value added
D. managerial job evaluation
The sales commission is an example of?
A. time based pay
B. performance based pay
C. bonuses
D. salary incentives
The package of salary, incentives and fringe benefits designed in a way to motivate the employees is known as?
A. HR strategy
B. performance appraisal
C. aligned reward strategy
D. aligned compensating strategy
‘Microsoft’ pays new programmers for learning Windows particulars, classified as?
A. pay plan based on knowledge
B. pay plan based on title of job
C. pay plan based on tenure
D. pay plan based on performance