Exam 7: Recognizing and Rewarding Employees

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Compensation policies are externally equitable when employees believe that the wage rates for their jobs approximate the job's worth to the organization.

(True/False)
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What are employees who are compensated on an hourly basis also known as?

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Skill-based pay systems compensate employees for the different skills or knowledge they possess rather than for the job they hold in a designated job category.

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Retirement benefits,disability benefits,and survivor's benefits are the three major benefits that the contributions to the Canada and Quebec pension plans provide.

(True/False)
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What does the motivational value of an employer-provided benefits plan depend upon?

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What is the term used for the area from which employers obtain certain types of workers?

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