Understanding total rewards programs and their impact on the strategic objectives of an organization is a basic component of human resource (HR) management.
True
False
2
Question 2
Total Rewards and Compensation have the same meaning and are an exchange of payment from an employer to an employee for services provided by the employee.
True
False
3
Question 3
The Equal Employment Opportunity Commission (EEOC) enforces compensation and health benefits s well as pensions in the workplace.
True
False
4
Question 4
For HR professionals, knowledge of federal employment laws governing both aspects of total 10.0/ 10.0 Points rewards— compensation and benefits—is essential.
1
Question 1
Understanding total rewards programs and their impact on the strategic objectives of an organization is a basic component of human resource (HR) management.
True
False
2
Question 2
Total Rewards and Compensation have the same meaning and are an exchange of payment from an employer to an employee for services provided by the employee.
True
False
3
Question 3
The Equal Employment Opportunity Commission (EEOC) enforces compensation and health benefits s well as pensions in the workplace.
True
False
4
Question 4
For HR professionals, knowledge of federal employment laws governing both aspects of total 10.0/ 10.0 Points rewards— compensation and benefits—is essential.
Requirements
It’s important to keep in mind that these federal laws and regulations may differ from state and local requirements.
True
False
5
Question 5
An EXTRINSIC reward is one that encourages individual employee self esteem such as challenging and exciting assignments.
True
False
6
Question 6
Direct Compensation includes payments made to employees that are associated with wages and salaries.
True
False
7
Question 7
The goal of a Total Rewards program is to maximize the return on investment (ROI) of resources spent on employee rewards.
True
False
8
Question 8
The challenge in developing a Compensation and Benefits philosophy comes from balancing employee desires and the organizational ability to develop an effective program.
9
Question 9
Diverse conditions faced by an organization in developing a compensation philosophy are split into two categories; Internal Conditions and External Conditions.
True
False
10
Question 10
Distributive Justice refers to how fair the internal process and procedures are in determining
pay scale perceptions.
Considerations include how pay scales are determined, how bonuses are distributed, and who is responsible for making those decisions.