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Compensation Strategies and Practices
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Compensation Strategies and Practices
The ratio in which the pay level is divided by the pay range midpoint is classified as
primacy ratio
regression ratio
matrix ratio
Compa-ratio
Author:
rikazzz
Comment
Compensation Strategies and Practices
The perceived fairness that must be considered in outcomes of performance is classified as
procedural justice
distributive justice
primacy justice
recency justice
Author:
rikazzz
Comment
Compensation Strategies and Practices
The compensation philosophy according to which the organization increase the salary of employees every year is called
primacy orientation philosophy
entitlement orientation philosophy
performance orientation philosophy
recency orientation philosophy
Author:
rikazzz
Comment
Compensation Strategies and Practices
The types of compensation the employees get from organization after timely completion of work includes
intrinsic rewards
extrinsic rewards
strictness reward
both a and b
Author:
rikazzz
Comment
Compensation Strategies and Practices
The factors that are common in group of jobs and are used to identify the value of job are called
primacy factors
exemption factors
compensable factors
equity factors
Author:
rikazzz
Comment
Compensation Strategies and Practices
The compensation philosophy according to which compensations are not paid according to span of service, but considering performance level is called
performance orientation philosophy
recency orientation philosophy
primacy orientation philosophy
entitlement orientation philosophy
Author:
rikazzz
Comment
Compensation Strategies and Practices
The ‘compensation quartile strategy’ in which 75% of employers pay below than market and remaining 25% pay compensations higher than market is called
forth quartile strategy
third quartile strategy
second quartile strategy
first quartile strategy
Author:
rikazzz
Comment
Compensation Strategies and Practices
The position such as administrative, professionals and executive are classified as
exempt employees
non-exempt employees
salaried exempt employees
salaried nonexempt employees
Author:
rikazzz
Comment
Compensation Strategies and Practices
If the mid-point is 20 and the current pay of an employee is $25 then the compa ratio is
75
225
125
25
Author:
rikazzz
Comment
Compensation Strategies and Practices
The group of all the jobs which have the same worth of job are classified as
non-exemption grade
regression grade
exemption grade
pay grade
Author:
rikazzz
Comment
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