Compensation System Design MCQ with Answers PDF Download eBook

MCQ: The 'compensation quartile strategy' in which 75% of employers pay below than market and remaining 25% pay compensations higher than market is called

1. forth quartile strategy
2. third quartile strategy
3. second quartile strategy
4. first quartile strategy

MCQ: According to total rewards approach, the variable pay of the employee is

1. added into base pay
2. subtracted from base pay
3. multiplied to base pay
4. divided to base pay

MCQ: The outcomes of competency based system such as improved and higher employee satisfaction and commitment are classified as

1. quartile strategy based outcome
2. organization-related outcomes
3. employee-related outcomes
4. percentiles strategy outcomes

MCQ: According to traditional compensation approach, the perks and bonuses are

1. for CEO only
2. for all employees
3. for executive only
4. not for executives

MCQ: The compensation philosophy according to which the organization increase the salary of employees every year is called

1. primacy orientation philosophy
2. entitlement orientation philosophy
3. performance orientation philosophy
4. recency orientation philosophy