COMPENSATION MANAGEMENT
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Multiple Choices
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A ________ is a hierarchy of jobs to which wage rates have been attached.
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Wage Level
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Wage Structure
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Wage Index
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Wage Policy
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It is the wage which is above the minimum wage but below the living wage.
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Basic wage
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Overtime
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Fair wage
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Compensation
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It is the process of minimizing the physical and perceptual loads imposed on people engaged in any type of work.
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Motion Economy
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Human Engineering
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Value Analysis
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Task Identity
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It is the method which lists frequency of critical behaviors in an employee.
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Performance Appraisal
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Performance Matrix
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360 degree feedback
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Management by Objectives
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A map to illustrate behavioral parameters requires in competent performance is:
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Competency Mapping
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Balanced Score Card
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Behavioral Observation Scale
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Key Results Areas
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In this type of team, team members are temporarily assigned some tasks to accomplish:
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Cross functional Team
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Hybrid team
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Process Team
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Parallel Team
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The practice of comparing compensation with other competing to offer a competitive pay package to employees, is refer as:
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Broadband Policy
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Bench Marking
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Retention Policy
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None of the above
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Any wage cost not directly connected with the employees’ productive effort, performance service, is called:
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Allowances
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Incentives
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Fringe Benefits
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Bonus
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It is a company’s expenditure spent directly on employees excluding the cost of infrastructure:
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Basic Salary
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Cost to company
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Allowances
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Bonus
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Strategy that provides overall guidelines for the organization is refer as:
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HR Strategy
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Functional strategy
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Corporate strategy
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Operational strategy
Part Two:
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Discuss the terms ‘wages’ and ‘salary’. What factors determine the wage structure in an industrial enterprise?
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Define job design. Briefly explain various technique of job design.
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What is a balanced Score Card.? What are its different perspectives?
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Write a short note on 360-degree performance feedback.
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Study the case and provide an alternative compensation design, which would redress the problem faced by the two- wheeler major in Chennai.
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Identify aspects of Denzel’s behavior that indicate that he was well-motivated.
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Identify those actions taken by the Manager that helped to motivate Denzil.
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What is compensation management? What goals or objectives does it follow?
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What are some of the challenges which HR managers face in designing a compensation system?
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What is a fringe benefit? Can it be made a part of an employee benefits plan?
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