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
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
The Equal Employment Opportunity Commission (EEOC) enforces compensation and health benefits s well as pensions in the workplace.
True
False
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.
An EXTRINSIC reward is one that encourages individual employee self esteem such as challenging and exciting assignments.
Direct Compensation includes payments made to employees that are associated with wages and salaries.
True
False
The goal of a Total Rewards program is to maximize the return on investment (ROI) of resources spent on employee rewards.
True
False
The challenge in developing a Compensation and Benefits philosophy comes from balancing employee desires and the organizational ability to develop an effective program.
Diverse conditions faced by an organization in developing a compensation philosophy are split into two categories; Internal Conditions and External Conditions.
True
False
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.
True
False
Get Help With HRMT412 Compensation and Benefits at American Military University
Get targeted HRMT412 help and improve your grades.