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Compensation Strategies and Practices
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Compensation Strategies and Practices
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Compensation Strategies and Practices
The concept in which the whole or part of yearly pay increase is paid as single payment, is called
consumer price index adjustment
lump sum increase
cost of living adjustment
all of the above
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Compensation Strategies and Practices
According to compensation programs, the benefits such as retirement pensions and life insurances are classified in the category of
direct compensation
primacy compensation
indirect compensation
recency compensation
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rikazzz
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Compensation Strategies and Practices
The graph which shows the relationship between job value, which is determined rates of pay survey and job evaluation points is classified as
market line
pay line
regression line
pay structure line
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rikazzz
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Compensation Strategies and Practices
The employee who is paid less than the specified range for the job is classified as
blue circled employee
white circled employee
green circled employee
red circled employee
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rikazzz
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Compensation Strategies and Practices
The indirect rewards given to employees of organization for being the member of organization are called
productivity compensation
effectivity compensation
benefits
philosophical compensation
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rikazzz
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Compensation Strategies and Practices
The time spent in organization while performing the particular job is classified as
seniority
career maturity
career equity
non-equity
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rikazzz
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Compensation Strategies and Practices
The curve which is used to represent relationship between pay rate and experience is classified as
equity curve
maturity curve
experience curve
seniority curve
Author:
rikazzz
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Compensation Strategies and Practices
The perceived fairness between what person receives and what person did is classified as
procedural justice
distributive justice
recency justice
equity
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rikazzz
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Compensation Strategies and Practices
The procedure of using less and more broad pay grades than the traditional system of compensation is classified as
salary banding
structure banding
broad banding
grade banding
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rikazzz
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Compensation Strategies and Practices
The payments made to employees for the amount of time in which the employee has worked are classified as
variable pay
salaries
base pay
wages
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rikazzz
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