Exam 8: Total Rewards

The most frequently cited reason for firms developing a total rewards strategy is to control costs.

What type of pay system sets pay according to the employee's level of skill or knowledge and what they are capable of doing?

A pension plan that guarantees a specific level of retirement income is called a defined contribution plan.

What is the name for a set of communications,activities,and facilities designed to change health-related behaviours in ways that reduce health risks?

Broadbanding increases the number of levels in the organization's job structure.

A comprehensive approach to selecting and training employees is known as total rewards.

A significant portion of executive compensation and rewards comes in the form of:

What type of issues may arise when executive compensation is linked to the company's stock performance?

Discuss flexible benefits plans,including their nature,purpose,advantages and disadvantages.

A comprehensive approach to compensating and rewarding employees is frequently referred to as:

Performance bonuses,like merit pay becomes part of base pay.

The pay policy line shows the _____________ relationship between job evaluation points and pay rate.

Public sector employees are more likely to have a defined benefits plan than private sector employees.

The __________ and services employees receive in exchange for their work is called _________________.

At the present time,which of the following is not a widely-offered benefit?

Total rewards influence the kinds of employees that are attracted to (and remain with)the organization.

Flexible benefits plans have the advantage of being less costly.

Employers in Canada generally limit the benefits they provide to employees to those benefits that are required by law.

By offering an employee wellness program,the organization may lower the cost of health insurance.

A pay policy line demonstrates the relationship between indirect compensation and pay rates.