HRM3705 COMPENSATION MANAGEMENT
TEST BANK COMPREHENSIVE EXAM PREP
WITH 100% VERIFIED SOLUTIONS 2026
◉Indirect Compensation . Answer: Benefits supplied by employees
◉Nonfinancial Compensation . Answer: Employee recognition,
rewarding jobs, stress free, work environment, flexibility
◉Total Reward . Answer: All 3 compensations
◉Expectancy Theory . Answer: Method to motivate employees through
compensation. Predicts one's lvl of motivation, depends on attractiveness
of the reward / probability of obtaining those rewards. Believes greater
work effort if there is hope it will be rewarded
◉Equity Theory . Answer: Method to motivate employees through
compensation. Employee's perception that compensation received is = to
value of work performance. Motivation theory that explains how ppl
respond to unjust situations. They Form ratio of inputs to outputs
(Inequity can be underpayment or overpayment).
TEST BANK COMPREHENSIVE EXAM PREP
WITH 100% VERIFIED SOLUTIONS 2026
◉Indirect Compensation . Answer: Benefits supplied by employees
◉Nonfinancial Compensation . Answer: Employee recognition,
rewarding jobs, stress free, work environment, flexibility
◉Total Reward . Answer: All 3 compensations
◉Expectancy Theory . Answer: Method to motivate employees through
compensation. Predicts one's lvl of motivation, depends on attractiveness
of the reward / probability of obtaining those rewards. Believes greater
work effort if there is hope it will be rewarded
◉Equity Theory . Answer: Method to motivate employees through
compensation. Employee's perception that compensation received is = to
value of work performance. Motivation theory that explains how ppl
respond to unjust situations. They Form ratio of inputs to outputs
(Inequity can be underpayment or overpayment).
