Iibm - Compensation Management

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Compensation Management

Multiple Choices

1. A ________ is a hierarchy of jobs to which wage rates have been attached.

a. Wage Level

b. Wage Structure

c. Wage Index

d. Wage Policy

2. It is the wage which is above the minimum wage but below the living wage.

a. Basic wage

b. Overtime

c. Fair wage

d. Compensation

3. It is the process of minimizing the physical and perceptual loads imposed on people engaged in any type of work.

a. Motion Economy

b. Human Engineering

c. Value Analysis

d. Task Identity

4. It is the method which lists frequency of critical behaviors in an employee.

a. Performance Appraisal

b. Performance Matrix

c. 360 degree feedback

d. Management by Objectives

5. A map to illustrate behavioral parameters requires in competent performance is:

a. Competency Mapping

b. Balanced Score Card

c. Behavioral Observation Scale

d. Key Results Areas

6. In this type of team, team members are temporarily assigned some tasks to accomplish:

a. Cross functional Team

b. Hybrid team

c. Process Team

d. Parallel Team

7. The practice of comparing compensation with other competing to offer a competitive pay package to employees, is refer as:

a. Broadband Policy

b. Bench Marking

c. Retention Policy

d. None of the above

8. Any wage cost not directly connected with the employees’ productive effort, performance service, is called:

a. Allowances

b. Incentives

c. Fringe Benefits

d. Bonus

9. It is a company’s expenditure spent directly on employees excluding the cost of infrastructure:

a. Basic Salary

b. Cost to company

c. Allowances

d. Bonus

10. Strategy that provides overall guidelines for the organization is refer as:

a. HR Strategy

b. Functional...