Base Pay Administration and Pay for Performance - GR4/C4

Base Pay Administration and Pay for
Performance - GR4/C4




WhatvisvthevdefinitionvofvTotalvRewards?vgthevmonetaryvandvnonmonetaryvreturnsvprovidedvtove
mployeesvinvexchangevforvtheirvtime,vtalents,veffortsvandvresults



Whatvarevthevdriversvshapevthevtotalvrewardsvmix?vg
Thevorganizationalvculture,vbusinessvandvHRvstrategies



Whichvelementvgivesvspecialvattentionvtovemployeesvaction,veffort,vbehaviorvorvperformance?gRec
ognition



Organizationalvpractices,vpolicies,vandvprograms,vplusvavphilosophyvtovhelpvemployeevachievevsucc
essvatvhomevandvwork,vwhichvofvthevelementvofvtotalvrewardsvisvthis?vgWork-life



Cashvprovidedvbyvanvemployervtovanvemployeevforvservicesvrendered,vwhichvelementvisvthis?gCo
mpensation

,Programsvthatvanyvemployervusesvtovsupplementvthevcashvcompensationvanvemployeevreceives,vw
hichvelementvisvthis?vgBenefits
Whichvelementvcomprisesvlearningvexperiencesvdesignedvtovenhancevemployees'vskillsvandvcomp
etencies?vgDevelopment



Invwhichvelementvinvolvevplansvtovhelpvemployeesvpursuevtheirvcareervgoals?vgCareervOpportuniti
es



Whichvelementvinvolvesvthevalignmentvandvsubsequentvassessmentvofvorganizational,vteamvandvi
ndividualveffortsvtowardvthevachievementvofvbusinessvgoalsvandvorganizationalvsuccess?v-
vcorrectanswers-Performance



Whichvcompensationvisvnondiscretionaryvthatvdoesvnotvvaryvaccordingvtovperformancevorvresultsv
achieved?vgFixedvpayvorvbasevpay



Whichvstatementvdescribevbestvthevvariablevpay?vg
Compensationvthatvisvcontingentvonvdiscretion,vperformancevorvresultsvachieved



WhichvofvthevfollowingvstrategyvdrivesvHRvandvTotalvrewardsvstrategies?vgBusinessvstrategy



WhichvstrategyvisvkeyvtovdevelopmentvofvHRvstrategy?vgBusinessvstrategy



Whatvisvthevflowvofvactivitiesvwhenvdevelopingvthevtotalvrewardsvdesignvprocess?v-
vcorrectanswers-Vision,vmission,vbusinessvstrategyv&vHRvstrategy



Thevtotalvrewardsvdesignvbeginsvwithvwhichvofvthevbelowvprocess?vgCorporatevvisionvandvmission



Whatvbestvdescribesvthevreasonvwhyvthevtotalvrewardsvdesignvmodelvisvcircular?v-
vcorrectanswers-Thevprocessvshouldvnotvbecomevtoovfarvremovedvfromvthevcorporatevmission
Wherevdoesvbasevpayvfitvwithinvthevorganization'svbusinessvstrategy?vg
Anvorganizationvmustvfirstvunderstandvitsvcompensationvstrategyvandvphilosophy

, Whatvisvcompensationvphilosophy?vg
Statementvofvwhatvthevorganizationvbelievesvaboutvhowvpeoplevshouldvbevpaid.vItvshouldvsupport
v thevbusinessvstrategyvandvbevavgoodvfitvwithvthevorganization'svculture



Whatvarevthevcompensationvprogramvobjectives?vg
Internallyvequitable,vexternallyvcompetitive,vaffordable,vunderstandable,vlegal/defensible,vefficie
ntvtovadminister,vcapablevofvbeingvreshapedvforvthevfuture,vappropriatevforvthevorganization,vattr
a
ct,vretain,vandvmotivatevemployees,vcreatevalignmentvofvemployeeveffortsvandvbusinessvobjectives
.



Whatvarevthevmostvcommonvobjectivesvofvcompensationvprogram?vgInternallyvequitablev&vextern
allyvcompetitive



Whatvisvessentialvwhilevdesigningvthevcompensationvprogram?vgProgramvshouldvsupportvthevorgan
ization'svbusinessvstrategy



Whichvprogramvshouldvbevdesignedvinvavwayvthatvsupportvthevbusinessvstrategy?v-
vcorrectanswers-Compensationvprogram



Whatvisvcompensationvstrategy?vgincludesvprinciplesvthatvguidevthevdesign,vimplementation,vandva
dministrationvofvavcompensationv
program.vWhatvprogramsvwillvbevusedvandvhowvwillvthevbevadministered.



WhatvarevthevcomponentsvofvBasevPayvStructurevDesign?vgJobvAnalysis,vJobvdocumentation,vJobvE
valuation,vJobvWorthvHierarchyvvallvpartsvofvavbasevpayvstructure
DefinevJobvDocumentation?vgincludesvwrittenvinfovaboutvthevjobvcontentvorvfunctionsvofvthevjobv
andvrequiredvknowledge,vskillsv andvabilitiesv(KSA's)



DefinevJobvEvaluation?vgcreatesvavjobvworthvhierarchyvusingvavmarketvdatavorvjobvcontentvapproa
ch