Question 1

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

Accepted Answer

A)  Paid sabbaticals 
B)  Paid leave for vacations that exceed the legally required minimum 
C)  Life insurance 
D)  Medical insurance 
E)  Retirement plans 
A)  Paid sabbaticals 
B)  Paid leave for vacations that exceed the legally required minimum 
C)  Life insurance 
D)  Medical insurance 
E)  Retirement plans A

Question 2

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

Accepted Answer

A)  Broadbanding 
B)  Pay for individual performance 
C)  Competency-based pay system 
D)  Variable pay 
E)  Standard hour plan 
A)  Broadbanding 
B)  Pay for individual performance 
C)  Competency-based pay system 
D)  Variable pay 
E)  Standard hour plan C

Question 3

How do employee stock ownership plans (ESOPs)differ from stock option plans?

Accepted Answer

Both encourage employees to focus on the success of the organization as a whole.However,stock option plans give employees the right to buy a certain number of shares of stock at a specified price.The employee stands to obtain a financial gain if the stock price has gone up since the price was fixed.Although more companies are extending stock options to a larger percentage of their employees,the more common form of employee ownership is an employee stock ownership plan (ESOP).In an ESOP,the organization distributes shares of stock to its employees by placing the stock into a trust managed on the employees' behalf.ESOPs carry more risk for employees because problems with the organization's performance can take away significant value including retirement funds if the ESOP is set up to hold retirement funds.

Question 4

Which of the following statements about communicating total rewards to employees is TRUE?

Accepted Answer

A)  Managers play an insignificant role in communicating total rewards to employees. 
B)  Employees require only a general overview of their rewards. 
C)  Less organizations are using technology for communicating total rewards to employees due to privacy concerns. 
D)  Communication is often a "weak link" in total rewards programs. 
E)  Employers have a limited number of ways to communicate total rewards. 
A)  Managers play an insignificant role in communicating total rewards to employees. 
B)  Employees require only a general overview of their rewards. 
C)  Less organizations are using technology for communicating total rewards to employees due to privacy concerns. 
D)  Communication is often a "weak link" in total rewards programs. 
E)  Employers have a limited number of ways to communicate total rewards.

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

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

Accepted Answer

A) True 
 B)False

Question 7

Employment Insurance (EI)is federally mandated program.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following is a disadvantage associated with competency-based pay systems?

Accepted Answer

A)  Changing technology requires employees to continually widen and deepen their knowledge. 
B)  They help make organizations more flexible and innovative. 
C)  It rewards employees for acquiring skills that they may not use. 
D)  Changing technology requires employees to continually widen and deepen their knowledge,"they help make organizations more flexible and innovative," and "it rewards employees for acquiring skills that they may not use." 
E)  None of the choices are correct. 
A)  Changing technology requires employees to continually widen and deepen their knowledge. 
B)  They help make organizations more flexible and innovative. 
C)  It rewards employees for acquiring skills that they may not use. 
D)  Changing technology requires employees to continually widen and deepen their knowledge,"they help make organizations more flexible and innovative," and "it rewards employees for acquiring skills that they may not use." 
E)  None of the choices are correct.

Question 9

Gainsharing is a type of organizational incentive.

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

A)  predicted 
B)  planned 
C)  hypothetical 
D)  mathematical 
E)  conceptual 
A)  predicted 
B)  planned 
C)  hypothetical 
D)  mathematical 
E)  conceptual

Question 11

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

Accepted Answer

A) True 
 B)False

Question 12

Stock ownership plans:

Accepted Answer

A)  make employees part owners of the organization. 
B)  are intended to encourage employees to focus on the success of the organization as a whole. 
C)  may not have a strong effect on individuals' motivation. 
D)  usually take the form of stock options or employee stock ownership plans. 
E)  All of the choices are correct. 
A)  make employees part owners of the organization. 
B)  are intended to encourage employees to focus on the success of the organization as a whole. 
C)  may not have a strong effect on individuals' motivation. 
D)  usually take the form of stock options or employee stock ownership plans. 
E)  All of the choices are correct.

Question 13

Identify and discuss three of the five popular approaches to pay for individual performance.

Accepted Answer

Organizations may reward individual perf

Question 14

Organizations that want employees to focus on efficiency may adopt a _________ program,which measures increases in productivity and effectiveness and distributes a portion of each gain to employees.

Accepted Answer

A)  commission 
B)  piecework 
C)  gainsharing 
D)  merit pay 
E)  bonus 
A)  commission 
B)  piecework 
C)  gainsharing 
D)  merit pay 
E)  bonus

Question 15

Job evaluation provides the basis for decisions about the relative internal worth of jobs in an organization.

Accepted Answer

A) True 
 B)False

Question 16

Many organizations group jobs into sets of jobs having similar worth or content called:

Accepted Answer

A)  pay grades. 
B)  hourly rates. 
C)  pay policy groups. 
D)  pay ranges. 
E)  broadbands. 
A)  pay grades. 
B)  hourly rates. 
C)  pay policy groups. 
D)  pay ranges. 
E)  broadbands.

Question 17

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

Accepted Answer

A) True 
 B)False

Question 18

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

Accepted Answer

A) True 
 B)False

Question 19

A gradual transition into full retirement by reducing hours or job responsibility is called:

Accepted Answer

A)  defined retirement. 
B)  flexible retirement. 
C)  deferred retirement. 
D)  phased retirement. 
E)  paced retirement. 
A)  defined retirement. 
B)  flexible retirement. 
C)  deferred retirement. 
D)  phased retirement. 
E)  paced retirement.

Question 20

The Canada Pension Plan (CPP)and the Quebec Pension Plan (QPP)are:

Accepted Answer

A)  optional plans. 
B)  mandatory plans. 
C)  contributory plans. 
D)  optional plans,"mandatory plans," and "contributory plans." 
E)  mandatory plans and "contributory plans" only. 
A)  optional plans. 
B)  mandatory plans. 
C)  contributory plans. 
D)  optional plans,"mandatory plans," and "contributory plans." 
E)  mandatory plans and "contributory plans" only.

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

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

How do employee stock ownership plans (ESOPs)differ from stock option plans?

Which of the following statements about communicating total rewards to employees is TRUE?

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

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

Employment Insurance (EI)is federally mandated program.

Which of the following is a disadvantage associated with competency-based pay systems?

Gainsharing is a type of organizational incentive.

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

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

Stock ownership plans:

Identify and discuss three of the five popular approaches to pay for individual performance.

Organizations that want employees to focus on efficiency may adopt a _________ program,which measures increases in productivity and effectiveness and distributes a portion of each gain to employees.

Job evaluation provides the basis for decisions about the relative internal worth of jobs in an organization.

Many organizations group jobs into sets of jobs having similar worth or content called:

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

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

A gradual transition into full retirement by reducing hours or job responsibility is called:

The Canada Pension Plan (CPP)and the Quebec Pension Plan (QPP)are:

Strategies, Trends and Challenges in Human Resource Management

The Legal Context for Hrm and Creating Safe Healthy Workplaces

Analyzing Work and Designing Jobs

Planning for and Recruiting Human Resources

Selecting Employees

Training, Learning, and Development

Managing Employees Performance

Collective Bargaining and Labour Relations

Managing Human Resources Globally

Creating and Sustaining High-Performance Organizations

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Exam 8: Total Rewards

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

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

How do employee stock ownership plans (ESOPs)differ from stock option plans?

Which of the following statements about communicating total rewards to employees is TRUE?

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

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

Employment Insurance (EI)is federally mandated program.

Which of the following is a disadvantage associated with competency-based pay systems?

Gainsharing is a type of organizational incentive.

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

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

Stock ownership plans:

Identify and discuss three of the five popular approaches to pay for individual performance.

Organizations that want employees to focus on efficiency may adopt a _________ program,which measures increases in productivity and effectiveness and distributes a portion of each gain to employees.

Job evaluation provides the basis for decisions about the relative internal worth of jobs in an organization.

Many organizations group jobs into sets of jobs having similar worth or content called:

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

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

A gradual transition into full retirement by reducing hours or job responsibility is called:

The Canada Pension Plan (CPP)and the Quebec Pension Plan (QPP)are:

Strategies, Trends and Challenges in Human Resource Management

The Legal Context for Hrm and Creating Safe Healthy Workplaces

Analyzing Work and Designing Jobs

Planning for and Recruiting Human Resources

Selecting Employees

Training, Learning, and Development

Managing Employees Performance

Collective Bargaining and Labour Relations

Managing Human Resources Globally

Creating and Sustaining High-Performance Organizations

Filters