Question 1

After graduation,you were offered a position as a job analyst with a local bank.Which of the following would best describe your new job?

Accepted Answer

A)  designing and implementing compensation policies 
B)  formulating compensation strategy and ensuring congruency with corporate objectives 
C)  evaluating market data from organizations of similar size and scope 
D)  developing job descriptions and conducting job evaluations 
A)  designing and implementing compensation policies 
B)  formulating compensation strategy and ensuring congruency with corporate objectives 
C)  evaluating market data from organizations of similar size and scope 
D)  developing job descriptions and conducting job evaluations

Question 2

As a small business owner committed to the total rewards approach to compensation,what do you need to establish before you start to develop your compensation system?

Accepted Answer

A)  a reward system 
B)  an incentive program 
C)  a compensation strategy 
D)  a reward strategy 
A)  a reward system 
B)  an incentive program 
C)  a compensation strategy 
D)  a reward strategy

Question 3

Which of the following best explains intrinsic rewards?

Accepted Answer

A)  Intrinsic rewards focus on increasing an employee's financial position. 
B)  Intrinsic rewards are provided by job content. 
C)  Intrinsic rewards provide security and employee services. 
D)  Intrinsic rewards relate to bonuses based on performance. 
A)  Intrinsic rewards focus on increasing an employee's financial position. 
B)  Intrinsic rewards are provided by job content. 
C)  Intrinsic rewards provide security and employee services. 
D)  Intrinsic rewards relate to bonuses based on performance.

Question 4

You are a newly hired director of human resources for a new software company.Your CEO has asked you to provide the board of directors with recommendations relating to the company's yet-to-be-established reward system.What should you tell the board?

Accepted Answer

A)  The various combinations of intrinsic and extrinsic rewards need to be considered. 
B)  The optimal strategy is the least expensive. 
C)  Like most companies in Canada,we should adopt a total compensation approach. 
D)  The plan for creating the compensation system is the most important aspect of the strategy. 
A)  The various combinations of intrinsic and extrinsic rewards need to be considered. 
B)  The optimal strategy is the least expensive. 
C)  Like most companies in Canada,we should adopt a total compensation approach. 
D)  The plan for creating the compensation system is the most important aspect of the strategy.

Question 5

The compensation system typically refers to which aspect of the reward system?

Accepted Answer

A)  the mix of intrinsic and extrinsic rewards 
B)  the economic or monetary part 
C)  the entire spectrum of rewards 
D)  incentives 
A)  the mix of intrinsic and extrinsic rewards 
B)  the economic or monetary part 
C)  the entire spectrum of rewards 
D)  incentives

Question 6

There is often one so-called best compensation system that applies to a broad spectrum of organizations.

Accepted Answer

A) True 
 B)False

After graduation,you were offered a position as a job analyst with a local bank.Which of the following would best describe your new job?

As a small business owner committed to the total rewards approach to compensation,what do you need to establish before you start to develop your compensation system?

Which of the following best explains intrinsic rewards?

You are a newly hired director of human resources for a new software company.Your CEO has asked you to provide the board of directors with recommendations relating to the company's yet-to-be-established reward system.What should you tell the board?

The compensation system typically refers to which aspect of the reward system?

There is often one so-called best compensation system that applies to a broad spectrum of organizations.

A Strategic Framework for Compensation

A Behavioural Framework for Compensation

Components of Compensation Strategy

Performance Pay Choices

Formulating the Reward and Compensation Strategy

Evaluating Jobs: the Job Evaluation Process

Evaluating Jobs: the Point Method of Job Evaluation

Evaluating the Market

Evaluating Individuals

Designing Performance Pay Plans

Designing Indirect Pay Plans

Activating and Maintaining an Effective Compensation System

Filters

Exam 1: A Road Map to Effective Compensation

After graduation,you were offered a position as a job analyst with a local bank.Which of the following would best describe your new job?

As a small business owner committed to the total rewards approach to compensation,what do you need to establish before you start to develop your compensation system?

Which of the following best explains intrinsic rewards?

You are a newly hired director of human resources for a new software company.Your CEO has asked you to provide the board of directors with recommendations relating to the company's yet-to-be-established reward system.What should you tell the board?

The compensation system typically refers to which aspect of the reward system?

There is often one so-called best compensation system that applies to a broad spectrum of organizations.

A Strategic Framework for Compensation

A Behavioural Framework for Compensation

Components of Compensation Strategy

Performance Pay Choices

Formulating the Reward and Compensation Strategy

Evaluating Jobs: the Job Evaluation Process

Evaluating Jobs: the Point Method of Job Evaluation

Evaluating the Market

Evaluating Individuals

Designing Performance Pay Plans

Designing Indirect Pay Plans

Activating and Maintaining an Effective Compensation System

Filters