The employment relationship is:
A. An agreed-upon basis for organizations and people meeting each other's needs
B. A disagreed-upon basis for organizations and people meeting each other's needs
C. An agreed-upon basis for organizations and government meeting each other's needs
D. None of the above - Answers A
Organizations get work done through:
A. Dollars
B. Customers
C. People
D. Product - Answers C
Total rewards includes:
A. Benefits, base salary, paid time off
B. Benefits
C. Base salary and benefits
D. Base salary - Answers C
Meaningful work would be considered a discretionary employee benefit.
A. True
B. False - Answers B
Understanding the total rewards system will not allow you to create a meaningful total rewards plan.
A. True
B. False - Answers B
Which of the following job families would not be affected by total rewards?
A. Engineers
B. Finance
,C. Marketing
D. All job families are affected by total rewards - Answers D
Pay is not a broad category that refers to the monetary compensation that is provided to an employee in
exchange for their work.
A. True
B. False - Answers B
Cash compensation is monetary pay from ____________ to __________________.
A. Employers, employees
B. Employees, employers
C. Government, citizens
D. None of the above - Answers A
Fringe benefits have become quite ____________ to compensation plans.
A. Central
B. Unimportant
C. Conditional
D. Proven - Answers A
When you think about a company's health benefits or retirement plan, you are thinking about employee
benefits.
A. True
B. False - Answers A
________________________ refers to the direct monetary pay given to an employee in exchange for
their contributions to the organization.
A. Total rewards
B. Cash compensation
C. Benefits
D. Time off - Answers B
Which of the following would not be included as an intangible reward?
,A. Meaningful work
B. Salary
C. Positive working relationships
D. Location - Answers B
Cash compensation can have an influence on the employee's perception of how much they are valued at
the firm.
A. True
B. False - Answers A
To create a strategic total rewards plan, you need to understand all of the following except:
A. Market
B. Benefits
C. Customers
D. None of the above - Answers B
Base pay includes:
A. Salary or hourly wages
B. Hourly and benefits
C. Benefits and salary
D. None of the above - Answers A
Team performance:
A. Comprises the collective actions of groups of employees
B. Comprises senior management level of performance
C. Comprises customer feedback regarding employees
D. Comprises the star employees' level of performance - Answers A
Total Reward Systems do not need to be reviewed to ensure that they are not penalizing such OCBs and
instead provide a degree of encouragement for those helpful behaviors.
A. True
, B. False - Answers B
Organizational performance includes all but:
A. Profits
B. Meeting customer needs
C. Employee satisfaction
D. New market share - Answers C
Employee perception of the organization has potential to lead to turnover and performance.
A. True
B. False - Answers A
Managing total rewards is an art and a science.
A. True
B. False - Answers A
What is the total rewards content strategy?
A. A negotiation between management and the employee for total rewards offered
B. Market-driven levels of rewards offered
C. Type, Level, and Combination of rewards offered
D. Experienced-based rewards offered - Answers C
Reward form combination strategy refers to:
A. Rewards (cash, benefits, etc.) and how they compete in the market
B. Rewards (cash, benefits, etc.) and how they compete with departments within the organization
C. Rewards (cash, benefits, etc.) and how they differ from each other
D. Rewards (cash, benefits, etc.) and how they relate to each other - Answers D
Absolute level refers to:
A. Base salary
B. Experience salary