STRATEGIC COMPENSATION IN CANADA
7TH EDITION PARBUDYAL SINGH
RICHARD LONG TEST BANK PRACTICE
SCRIPT UPDATED 2026 TESTED SOLUTIONS
⫸ Total Rewards Answer: A compensation philosophy that considers
the entire spectrum of rewards that an organization may offer to
employees
⫸ Reward strategy Answer: The plan for the mix of rewards to be
provided to members, along with the means through which they will be
provided.
⫸ Base pay Answer: The foundation pay component for most
employees, usually based on some unit of time worked
⫸ performance pay Answer: Relates employee monetary rewards to
some measure of individual, group, or organizational performance
⫸ Indirect Pay Answer: Noncash items or services that satisfy a variety
of specific employee needs, sometimes known as "employee benefits"
⫸ purpose of a compensation system Answer: To help create a
willingness among qualified persons to join the organization and to
perform the tasks needed by the organization
7TH EDITION PARBUDYAL SINGH
RICHARD LONG TEST BANK PRACTICE
SCRIPT UPDATED 2026 TESTED SOLUTIONS
⫸ Total Rewards Answer: A compensation philosophy that considers
the entire spectrum of rewards that an organization may offer to
employees
⫸ Reward strategy Answer: The plan for the mix of rewards to be
provided to members, along with the means through which they will be
provided.
⫸ Base pay Answer: The foundation pay component for most
employees, usually based on some unit of time worked
⫸ performance pay Answer: Relates employee monetary rewards to
some measure of individual, group, or organizational performance
⫸ Indirect Pay Answer: Noncash items or services that satisfy a variety
of specific employee needs, sometimes known as "employee benefits"
⫸ purpose of a compensation system Answer: To help create a
willingness among qualified persons to join the organization and to
perform the tasks needed by the organization
