Human Resource Management

Business

Quiz 9 :
Compensation Management

Quiz 9 :
Compensation Management

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Compensation does not include non-cash rewards employees receive in exchange for their work.
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True False
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Answer:

False

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Compensation programs help to maintain an organization's human resources.
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True False
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Answer:

True

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Employee dissatisfaction can arise because needs are affected by both relative and absolute levels of pay.
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True False
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Answer:

True

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When relative pay is too low,employees cannot meet their physiological and security needs.
True False
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In Canada,absolute pay tends to cause more dissatisfaction than relative pay.
True False
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Among the objectives of effective compensation administration are included the desire to control costs,reward behaviours,and ensure equity.
True False
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If a recruiter offers a higher than normal (for the organization)salary to a qualified recruit in a labour-competitive market,this can cause a conflict with internal equity policies.
True False
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Internal equity in compensation requires that pay be directly related to the rate perceived as fair in the local marketplace.
True False
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In compensation management,internal equity is also referred to as internal consistency.
True False
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Job evaluations are systematic procedures to determine the relative worth or value of jobs.
True False
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The purpose of job evaluation is to identify which jobs should be paid more than others.
True False
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Job evaluation methods include job ranking,job grading,and the point system.
True False
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Pay equity legislation has dramatically increased the use of the job ranking and job grading methods as the most effective means of evaluating jobs.
True False
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There are six steps required to implement the point system of job evaluation.
True False
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The first step in the point system of job evaluation is to determine compensable factors.
True False
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In the point system of job evaluation,listing job factors down one side and point levels across the top results in a point system matrix.
True False
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The point system for job evaluation cannot be applied until the point matrix and the point manual are ready.
True False
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All job evaluation techniques result in a ranking of jobs that assures internal equity.
True False
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External equity is fairness of pay relative to what other employers are publishing as their pay ranges.
True False
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Wage and salary surveys are studies of what other organization are paying within the employer's labour market.
True False
Answer:
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