Compensation MCQs

4 MCQs — Human Resource Management MCQs

Practice Compensation MCQs with correct answers and explanations. These questions are from the Human Resource Management MCQs section.

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Human Resource Management Subcategories

Appraisal	Career
Change	Communication
Compensation	Groups
HR Audit/Strategy	HRM – Definition
HRM – Nature	HRP
Induction	Industrial Relations
Job Analysis	Job Design
Job Evaluation	Leadership
Management thought	Motivation – Adams
Motivation – Alderfer	Motivation – Herzberg
Motivation – Maslow	Motivation – McClelland
Motivation – McGregor	Motivation – Ouchi
Motivation – Vroom	Organization
Recruitment	Selection
Separation	Training

A pay rate that is above the maximum of the range for a job grade is called a:

Green-circle rate
Broadband rate
Spot rate
Red-circle rate

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The Scanlon Plan is an example of:

Group (gainsharing) incentive plan based on cost savings
Individual piece-rate plan
Seniority-based pay plan
Executive stock option plan

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A benefit plan allowing employees to choose benefits from a menu within a fixed budget is called:

Cafeteria (flexible) benefit plan
Perquisite plan
Defined benefit plan
Fringe benefit plan

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'Broadbanding' in pay structure means:

Paying all employees the same salary
Linking pay to market surveys only
Collapsing many narrow pay grades into a few wide bands
Paying bonuses to all departments

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