4BE3 Strategic Compensation: Chapter 1-5 || with Error-free Solutions. Topic 5: Compensation and Benefits (Regulations, Strategies, and Needs Assessment) || All Answers Are Correct 100%. Strategic Compensation || with 100% Errorless Answers. Strategic Compensation Management: Midterm 1, || very Fla...
[Show more]
Compensation correct answers all forms of financial returns and tangible services and benefits that employees receive as part of an employment relationship Views on compensation correct answers society, stockholder, manager, or employee Societal view on compensation correct answers some people...
Preview 2 out of 8 pages
Add to cartCompensation correct answers all forms of financial returns and tangible services and benefits that employees receive as part of an employment relationship Views on compensation correct answers society, stockholder, manager, or employee Societal view on compensation correct answers some people...
competitive advantage correct answers a well-designed compensation program can help an organization achieve and sustain organizational success correct answers a poorly designed compensation program can play a major role in undermining Troubled Asset Relief Program correct answers What does TAR...
Preview 2 out of 15 pages
Add to cartcompetitive advantage correct answers a well-designed compensation program can help an organization achieve and sustain organizational success correct answers a poorly designed compensation program can play a major role in undermining Troubled Asset Relief Program correct answers What does TAR...
strategic compensation correct answers links the compensation of employees to the mission, objectives, philosophies, and culture of the organization *List seven common strategic compensation goals. correct answers 1. To reward employees' past performance 2. To remain competitive in the labour ...
Preview 2 out of 5 pages
Add to cartstrategic compensation correct answers links the compensation of employees to the mission, objectives, philosophies, and culture of the organization *List seven common strategic compensation goals. correct answers 1. To reward employees' past performance 2. To remain competitive in the labour ...
Competitive Advantage correct answers Competitive advantage describes a company's success when the company acquires or develops capabilities that facilitate outperforming the competition. Compensation correct answers Compensation budgets are blueprints that describe the allocation of monetary re...
Preview 1 out of 4 pages
Add to cartCompetitive Advantage correct answers Competitive advantage describes a company's success when the company acquires or develops capabilities that facilitate outperforming the competition. Compensation correct answers Compensation budgets are blueprints that describe the allocation of monetary re...
total employment rewards correct answers an integrated package of all rewards (monetary and non-monetary, extrinsic and intrinsic) gained by employees arising from their employment total rewards strategy (5 categories) correct answers compensation benefits work-life programs performanc...
Preview 2 out of 8 pages
Add to carttotal employment rewards correct answers an integrated package of all rewards (monetary and non-monetary, extrinsic and intrinsic) gained by employees arising from their employment total rewards strategy (5 categories) correct answers compensation benefits work-life programs performanc...
_______ refers to the role played by non-HR managers in making compensation decisions. a. alignment b. compliance c. ownership d. prominence correct answers c Which of the following are involved in the alignment of pay strategy? (Select all that apply) a. external alignment with the economic...
Preview 2 out of 6 pages
Add to cart_______ refers to the role played by non-HR managers in making compensation decisions. a. alignment b. compliance c. ownership d. prominence correct answers c Which of the following are involved in the alignment of pay strategy? (Select all that apply) a. external alignment with the economic...
Supporting "promotional growth opportunities" is an example of correct answers Internal Alignment. "Putting some skin in the game" refers to correct answers below market base pay with stock ownership. A compensation system that pays employees such that "some skin is in the game" means th...
Preview 2 out of 5 pages
Add to cartSupporting "promotional growth opportunities" is an example of correct answers Internal Alignment. "Putting some skin in the game" refers to correct answers below market base pay with stock ownership. A compensation system that pays employees such that "some skin is in the game" means th...
D correct answers _____ refers to the design and implementation of compensation systems to reinforce the objectives of both HR strategies and competitive business strategies. A. Intrinsic compensation B. Extrinsic compensation C. Strategic analysis D. Strategic compensation B correct answer...
Preview 2 out of 7 pages
Add to cartD correct answers _____ refers to the design and implementation of compensation systems to reinforce the objectives of both HR strategies and competitive business strategies. A. Intrinsic compensation B. Extrinsic compensation C. Strategic analysis D. Strategic compensation B correct answer...
Identify the factors that influence the formulation of compensation strategies. - The number of business units owned by a company - Customer demands - Social and political context - A company's culture and values - Employee and union preferences correct answers - A company's culture and valu...
Preview 2 out of 5 pages
Add to cartIdentify the factors that influence the formulation of compensation strategies. - The number of business units owned by a company - Customer demands - Social and political context - A company's culture and values - Employee and union preferences correct answers - A company's culture and valu...
Competitive advantage correct answers describes a company's success when the company acquires or develops capabilities that facilitate outperforming the competition. Intrinsic compensation correct answers reflects employees' psychological mind-sets that result from performing their jobs, for ex...
Preview 2 out of 11 pages
Add to cartCompetitive advantage correct answers describes a company's success when the company acquires or develops capabilities that facilitate outperforming the competition. Intrinsic compensation correct answers reflects employees' psychological mind-sets that result from performing their jobs, for ex...
Eight goals of a reward/compensation system correct answers 1. Promote achievement of organization goals. 2. Fit with organization strategy and structure. 3. Attract and retain qualified individuals. 4. Promote desired employee behaviour. 5. Be seen as equitable. 6. Comply with the la...
Preview 2 out of 6 pages
Add to cartEight goals of a reward/compensation system correct answers 1. Promote achievement of organization goals. 2. Fit with organization strategy and structure. 3. Attract and retain qualified individuals. 4. Promote desired employee behaviour. 5. Be seen as equitable. 6. Comply with the la...
Today, which industry employs the most workers? correct answers service Labor markets do the following thing well: correct answers determine pay levels for different industries The quantity of the labor supply is called: correct answers labor force What kinds of employees are in less demand...
Preview 2 out of 7 pages
Add to cartToday, which industry employs the most workers? correct answers service Labor markets do the following thing well: correct answers determine pay levels for different industries The quantity of the labor supply is called: correct answers labor force What kinds of employees are in less demand...
systems reward employees with permanent additions to base pay periodically, according to employees' lelngth of service performing their jobs. correct answers seniority pay systems reward with permanent additions to base pay those employees who have reached pay grade maximums and who are not like...
Preview 1 out of 3 pages
Add to cartsystems reward employees with permanent additions to base pay periodically, according to employees' lelngth of service performing their jobs. correct answers seniority pay systems reward with permanent additions to base pay those employees who have reached pay grade maximums and who are not like...
Social Security Act of 1935 (Title IX) correct answers Provided temporary income to workers who became unemployed through no fault of their own. Workers' Compensation correct answers programs granted income to workers who were unable to work because of injuries sustained on the job. Fair Labo...
Preview 2 out of 5 pages
Add to cartSocial Security Act of 1935 (Title IX) correct answers Provided temporary income to workers who became unemployed through no fault of their own. Workers' Compensation correct answers programs granted income to workers who were unable to work because of injuries sustained on the job. Fair Labo...
Seniority Pay and Longevity Pay Systems correct answers These systems reward employees with periodic additions to base pay according to employees' length of service in performing their jobs. These pay plans assume that: 1. employees become more valuable to companies with time 2. valued employe...
Preview 2 out of 8 pages
Add to cartSeniority Pay and Longevity Pay Systems correct answers These systems reward employees with periodic additions to base pay according to employees' length of service in performing their jobs. These pay plans assume that: 1. employees become more valuable to companies with time 2. valued employe...
Competitive Advantage correct answers __________________ describes a company's success when the company acquires or develops capabilities that facilitate outperfoming the competition. Compensation correct answers _________________ represents both the intrinsic and extrinisc rewards employees rec...
Preview 2 out of 8 pages
Add to cartCompetitive Advantage correct answers __________________ describes a company's success when the company acquires or develops capabilities that facilitate outperfoming the competition. Compensation correct answers _________________ represents both the intrinsic and extrinisc rewards employees rec...
strategic compensation correct answers refers to the design and implementation of compensation systems to reinforce the objectives of both HR strategies and competitive business strategies competitive business strategy correct answers multiple year time span, planned use of company resources incl...
Preview 2 out of 9 pages
Add to cartstrategic compensation correct answers refers to the design and implementation of compensation systems to reinforce the objectives of both HR strategies and competitive business strategies competitive business strategy correct answers multiple year time span, planned use of company resources incl...
internal consistency correct answers 1. compares the value of each job within the same company against the rest of the jobs found within that company 2. represents job structure or hierarchy 3. job descriptions are its cornerstone 4. recognizes differences in job characteristics job analysis c...
Preview 2 out of 13 pages
Add to cartinternal consistency correct answers 1. compares the value of each job within the same company against the rest of the jobs found within that company 2. represents job structure or hierarchy 3. job descriptions are its cornerstone 4. recognizes differences in job characteristics job analysis c...
What business should we be in? correct answers Corporate objectives, strategic plans, visions and values How do we gain the competitive advantage in the businesses correct answers Business unit Strategies How should Hr give us the competitive advantage correct answers HR Strategies How shou...
Preview 2 out of 5 pages
Add to cartWhat business should we be in? correct answers Corporate objectives, strategic plans, visions and values How do we gain the competitive advantage in the businesses correct answers Business unit Strategies How should Hr give us the competitive advantage correct answers HR Strategies How shou...
What can you determine by examining a firm's structural variables? correct answers The managerial strategy a firm is actually using Which term refers to the vehicle used by an organization for executing its business strategy? correct answers Its structure Which of the following would be the b...
Preview 2 out of 13 pages
Add to cartWhat can you determine by examining a firm's structural variables? correct answers The managerial strategy a firm is actually using Which term refers to the vehicle used by an organization for executing its business strategy? correct answers Its structure Which of the following would be the b...
Output-Based Pay correct answers Compensation based on amount of output an employee produces When can you use output-based pay correct answers It is only possible to use output related pay when output: - Is easily measured. - Is easily priced in terms of value to the employer. - Can be a...
Preview 2 out of 6 pages
Add to cartOutput-Based Pay correct answers Compensation based on amount of output an employee produces When can you use output-based pay correct answers It is only possible to use output related pay when output: - Is easily measured. - Is easily priced in terms of value to the employer. - Can be a...
Performance Management correct answers a continuous process of identifying, measuring, and developing the performance of individuals and teams and aligning performance with the strategic goals of the organization. How is performance management different than a performance appraisal? correct answe...
Preview 2 out of 12 pages
Add to cartPerformance Management correct answers a continuous process of identifying, measuring, and developing the performance of individuals and teams and aligning performance with the strategic goals of the organization. How is performance management different than a performance appraisal? correct answe...
On Call Time correct answers are hours worked when employees has to stay on the premise of their job, or stay close to the premise. Employees cannot use time for their own purpose. On Call Time is not hours worked when correct answers employees are required to carry a pager employees are require...
Preview 2 out of 10 pages
Add to cartOn Call Time correct answers are hours worked when employees has to stay on the premise of their job, or stay close to the premise. Employees cannot use time for their own purpose. On Call Time is not hours worked when correct answers employees are required to carry a pager employees are require...
Which steps are required when developing a strategic compensation plan? correct answers 1. Create the range in salary for each block or grade and an incentive plan 2. Determine how the compensation strategy will follow the labor market and attract employees 3. Perform a cross-impact analysis to as...
Preview 1 out of 4 pages
Add to cartWhich steps are required when developing a strategic compensation plan? correct answers 1. Create the range in salary for each block or grade and an incentive plan 2. Determine how the compensation strategy will follow the labor market and attract employees 3. Perform a cross-impact analysis to as...
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card for the summaries. There is no membership needed.
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Stuvia is a marketplace, so you are not buying this document from us, but from seller FullyFocus. Stuvia facilitates payment to the seller.
No, you only buy these notes for £73.83. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
71498 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now