 Show Human Resource Management, 13e (Mondy) Chapter 9 Direct Financial Compensation 9.1 Multiple-Choice Questions 1) Current trends in executive pay involve linking compensation with ________. A) multi-year contract packages B) deferred stock options C) performance results D) seniority systems Answer: C Explanation: C) The business and regulatory environment has changed and many organizations are rethinking executive compensation practices, including pay, bonuses, and severance pay. Performance assessment and accountability are the leading trends, and many executive salaries are now linked to performance results. Diff: 2 Chapter: 9 Skill: Concept LO: 1 2) Which term refers to the total of all rewards provided to employees in return for their services? A) benefits B) commissions C) bonuses D) compensation Answer: D Explanation: D) Compensation is the total of all rewards provided to employees in return for their services. Direct financial compensation consists of the pay that a person receives in the form of wages, salaries, commissions, and bonuses. Diff: 1 Chapter: 9 Skill: Concept LO: 1 1 Copyright © 2014 Pearson Education, Inc. Which is not included in direct compensation?Indirect financial compensation includes all monies paid out to an employee that are not included in direct compensation. This form of compensation is often understood as the portion of an employee's contract that covers items such as temporary leaves of absence, benefits and retirement plans.
What is indirect financial compensation?Indirect compensation is a type of payment to an employee that doesn't involve directly paying a wage or salary. Examples of an indirect compensation arrangement include offering your employees health insurance, life insurance, or employee stipends (also called fringe benefits).
Which of the following is an example of direct financial compensation?The four major types of direct compensation are hourly wages, salary, commission and bonuses.
What is non financial compensation example?Types of Non-financial Incentives. |
All financial rewards that are not included in direct financial compensation are known as ________.
zusammenhängende Posts
Urheberrechte © © 2024 decemle Inc.
