What are some of the challenges which HR managers face in designing a compensation system?
Multiple Choices
A ________ is a hierarchy of jobs to which wage rates have been attached.
Wage Level
Wage Structure
Wage Index
Wage Policy
It is the wage which is above the minimum wage but below the living wage.
Basic wage
Overtime
Fair wage
Compensation
It is the process of minimizing the physical and perceptual loads imposed on people engaged in any type of work.
Motion Economy
Human Engineering
Value Analysis
Task Identity
It is the method which lists frequency of critical behaviors in an employee.
Performance Appraisal
Performance Matrix
360 degree feedback
Management by Objectives
A map to illustrate behavioral parameters requires in competent performance is:
Competency Mapping
Balanced Score Card
Behavioral Observation Scale
Key Results Areas
In this type of team, team members are temporarily assigned some tasks to accomplish:
Cross functional Team
Hybrid team
Process Team
Parallel Team
The practice of comparing compensation with other competing to offer a competitive pay package to employees, is refer as:
Broadband Policy
Bench Marking
Retention Policy
None of the above
Any wage cost not directly connected with the employees’ productive effort, performance service, is called:
Allowances
Incentives
Fringe Benefits
Bonus
It is a company’s expenditure spent directly on employees excluding the cost of infrastructure:
Basic Salary
Cost to company
Allowances
Bonus
Strategy that provides overall guidelines for the organization is refer as:
HR Strategy
Functional strategy
Corporate strategy
Operational strategy
Part Two:
Discuss the terms ‘wages’ and ‘salary’. What factors determine the wage structure in an industrial enterprise?
Define job design. Briefly explain various technique of job design.
What is a balanced Score Card.? What are its different perspectives?
Write a short note on 360-degree performance feedback.
Study the case and provide an alternative compensation design, which would redress the problem faced by the two- wheeler major in Chennai.
Identify aspects of Denzel’s behavior that indicate that he was well-motivated.
Identify those actions taken by the Manager that helped to motivate Denzil.
What is compensation management? What goals or objectives does it follow?
What are some of the challenges which HR managers face in designing a compensation system?
What is a fringe benefit? Can it be made a part of an employee benefits plan?
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