Which of the Following Items Is a Component of the Compensation
Which of the following items is a component of the compensation strategy?
A) employee benefits
B) employment security
C) promotion criteria
D) job enrichment
Which statement best describes the context of compensation management within a firm?
A) All organizations need a human resources department to deal with compensation issues.
B) The larger the firm,the greater the need for compensation specialists.
C) In smaller organizations,compensation consulting firms are responsible for compensation strategy.
D) Within a large firm,all managers require extensive knowledge of compensation.
Which statement best describes current compensation practices and expectations related to the key criteria for evaluating the success of a compensation system?
A) It is realistic to expect that a reward system will achieve all eight of the effectiveness criteria.
B) Continuing evaluation of the effectiveness of the reward and compensation system is crucial for most organizations.
C) Successful organizations all have equitable reward systems.
D) Most firms have found the right answers to the compensation puzzle.
What is the last step to effective compensation according to the "Road Map to Effective Compensation"?
A) developing new job descriptions and performance evaluation criteria
B) implementing,managing,and evaluating the compensation system as circumstances change
C) securing senior management approval and implementing the compensation system
D) determining the compensation mix to be used in the compensation system