WORK C12 VARIABLE PAY IMPROVING PERFORMANCE WITH
VARIABLE PAY |180 COMPLETE AND GRADED QUESTIONS AND
ANSWERS 2026 LATEST UPDATED | 100% GRADED CORRECT | 100%
GUARANTEED TO PASS | GET A+
Total rewards includes all the tools available to the employer that may be used to -
(answer)attract
motivate
engage
retain employees
Total rewards includes - (answer)compensation
benefits
work-life effectiveness
recognition
performance management
talent development
,Elements of Compensation - (answer)fixed and variable pay
Fixed pay is - (answer)a non discretionary compensation that does not regularly vary according
to performance or results achieved.
Primary examples of Fixed pay are - (answer)Base salary
base hourly rate
Variable Pay is - (answer)compensation that is discretionary or contingent on performance or
results achieved, and can be designed for any individual or combination of individuals
Variable Pay is termed variable because - (answer)the amount actually paid will vary based on
whatever criteria the organization chooses.
Fixed pay rewards are based on an employee's value - (answer)Market-based
Performance-based
Skill-based
Market-based rewards individuals for - (answer)value relative to the labor market
,Performance-based rewards individuals for - (answer)sustained performance over time
Skill-based rewards individuals for - (answer)acquisition of new skills and competencies
Variable pay rewards for - (answer)accomplishments and results
The Goal of Variable Pay is - (answer)improve organizational performance.
Main Business Strategies are - (answer)Operational excellence
Product/service leadership
Customer intimacy
Operational excellence is primarily - (answer)a price/cost-based strategy
Product/service leadership is primarily - (answer)an innovation-based strategy
Customer intimacy is primarily - (answer)a solutions-based strategy
, Business Strategy drives - (answer)Business Objectives
operational excellence examples are - (answer)Product quality
Operational efficiency improvement
Process Improvement
Cost reduction
product/service leadership examples are - (answer)Market share/market penetration
Product development
Time from innovation to market
customer intimacy examples are - (answer)Customer opinion of products
Product quality
Customer retention
Customer satisfaction
Business Life Cycle stages are - (answer)Start Up