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Base Pay Administration And Pay For Performance - GR4/C4: Questions With Solutions
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Base Pay Administration And Pay For Performance - GR4/C4: Questions With Solutions
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Base Pay Administration And Pay For Performance -GR4/C4: Questions With Solutions
What is the definition of Total Rewards? Right Ans - the monetary and non-
monetary returns provided to employees in exchange for their time, talents,
efforts and results
What are the drivers shape the total rewards mix? Right Ans - The
organizational culture, business and HR strategies
Which element gives special attention to employees action, effort, behavior or
performance? Right Ans - Recognition
Organizational practices, policies, and programs, plus a philosophy to help
employee achieve success at home and work, which of the element of total
rewards is this? Right Ans - Work-life
Cash provided by an employer to an employee for services rendered, which
element is this? Right Ans - Compensation
Programs that any employer uses to supplement the cash compensation an
employee receives, which element is this? Right Ans - Benefits
Which element comprises learning experiences designed to enhance
employees' skills and competencies? Right Ans - Development
In which element involve plans to help employees pursue their career goals?
Right Ans - Career Opportunities
Which element involves the alignment and subsequent assessment of
organizational, team and individual efforts toward the achievement of
business goals and organizational success? Right Ans - Performance
Which compensation is nondiscretionary that does not vary according to
performance or results achieved? Right Ans - Fixed pay or base pay
Which statement describe best the variable pay? Right Ans - Compensation
that is contingent on discretion, performance or results achieved
,Which of the following strategy drives HR and Total rewards strategies?
Right Ans - Business strategy
Which strategy is key to development of HR strategy? Right Ans - Business
strategy
What is the flow of activities when developing the total rewards design
process? Right Ans - Vision, mission, business strategy & HR strategy
The total rewards design begins with which of the below process? Right
Ans - Corporate vision and mission
What best describes the reason why the total rewards design model is
circular? Right Ans - The process should not become too far removed from
the corporate mission
Where does base pay fit within the organization's business strategy? Right
Ans - An organization must first understand its compensation strategy and
philosophy
What is compensation philosophy? Right Ans - Statement of what the
organization believes about how people should be paid. It should support the
business strategy and be a good fit with the organization's culture
What are the compensation program objectives? Right Ans - Internally
equitable, externally competitive, affordable, understandable,
legal/defensible, efficient to administer, capable of being reshaped for the
future, appropriate for the organization, attract, retain, and motivate
employees, create alignment of employee efforts and business objectives.
What are the most common objectives of compensation program? Right
Ans - Internally equitable & externally competitive
What is essential while designing the compensation program? Right Ans -
Program should support the organization's business strategy
Which program should be designed in a way that support the business
strategy? Right Ans - Compensation program
, What is compensation strategy? Right Ans - includes principles that guide
the design, implementation, and administration of a compensation program.
What programs will be used and how will the be administered.
What are the components of Base Pay Structure Design? Right Ans - Job
Analysis, Job documentation, Job Evaluation, Job Worth Hierarchy - all parts of
a base pay structure
Define Job Documentation? Right Ans - includes written info about the job
content or functions of the job and required knowledge, skills and abilities
(KSA's)
Define Job Evaluation? Right Ans - creates a job worth hierarchy using a
market data or job content approach
Define Job Worth Hierarchy (JWH)? Right Ans - illustrates where each job
fits relative to other jobs
Define Base Pay Structure? Right Ans - created after job evaluation process
and JWH and utilized as framework for pay decisions
Job analysis and job documentation provide the information needed to
complete which process? Right Ans - Job evaluation
What are the base pay structure design required to complete the job
evaluation process? Right Ans - Job analysis and job documentation
What is the key component of compensation strategy? Right Ans - how the
organization intends to pay relative to its competitors for people . i.e. the
desired market position
Which are the base pay structure design lay the foundation for the base pay
structure? Right Ans - Job evaluation process and job worth hierarchy
Job Evaluation Process Right Ans - job analysis and documentation provide
the information to do this
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