True 1.

When asking about compensation, most people went to know about direct compensation,
particularly base pay and variable pay

True 2. Compensation in business is an exchange of services, like getting paid for a job done.

True 3. The objective is to use compensation in order to recruit and retain the highest quality
employees.

True 4. fixed compensation is the amounts can be calculated for your employees, based on factors such
as Performance, region and budget increases

True 5. Organizations reward their staff when they attain the goals or targets that they have jointly set
with the Employees

False 6. The greatest challenge that faces any management in business and industry today is how to
increase the level of salary and wages of its labor force

True 7. Many companies have devised and introduced a wage and salary system designed to reward
employees with wages commensurate to their contribution to the organization and in the process help
boost the development of strong employee interest in higher productivity is expected to be developed.

False 8. At present, many employees entertain the erroneous belief that any increase in their level of
productivity does Not in any way benefit them directly

True 9. Supervisors who have direct contact with employees under them could contribute their share
toward a Rectification of such employee beliefs through “economic education.”

False 10. Strategic compensation involves managing company benefit programs to make sure they meet
the needs of The current workforce.

False 11. Benefits system designed to reward employees with wages commensurate to their
contribution to the organization and the process help boost the development of strong employee
interest in productivity is expected to be developed.

True 12. Many employees entertain the erroneous belief that any increase in their level of productivity
does not in any way benefit them directly.

True 13. Effective compensation strategy includes the cost of health benefits, retirement benefits,
tuition reimbursement, or any other non-salary benefit that is considered part of a total compensation
package.

False 14. Low productivity may lead to discontent among co-workers and put in dent in workplace
morale.

False 15. Low job satisfaction means there is less motivation for employees to strive for excellence.
Identification

1. It is a segment of management or human resource management focusing on planning,

organizing, and controlling the direct and indirect payments employees receive for the
work they performed COMPENSATION ADMINISTRATION
2. A basic management tool for ensuring that employees are satisfied with their pay and
benefits, that both internal and external equality are adequately addressed and that
control is maintained over compensation costs COMPENSATION ADMINISTRATION
PROGRAM
3. It is the process of ensuring that an organization’s salaries and bonuses remain
competitive, appropriate, and equitable COMPENSATION MANAGEMENT
4. A human resource management approach employers use to attract, retain, and grow
talented employees while aligning their behaviors and job performance with the
organization’s goals and objectives. STRATEGIC COMPENSATION
5. is an exchange of services, like getting paid for a job done COMPENSATION PROCESS
6. Motives current employees and its used to tool to attract new ones EFFECTIVE
COMPENSATION
7. The amounts can be calculated for your employees, based on factors such as
performance, region and budget increases FIXED COMPENSATION
8. Employees will feel unappreciated and derive it from their job. LOW JOB SATISFACTION
9. Poor compensation LOW PRODUCTIVITY
10. Given to their staff when they attain the goals or targets that they have jointly set with
the employee.REWARD
11. Who have direct contact with employees under them could contribute their share
toward a rectification of such Employee beliefs through “economic education.”
SUPERVISORS
12. Is a collection of practices and procedures used for planning and distributing company-
wide compensation programs for employees. WAGE AND SALARY ADMINISTRATION
13. This is paid for nominal time of work, comprising basic wages and salaries, cost-living
allowances and other guaranteed and regularly paid allowances BASIC PAY
14. this is refers to the regular review of an employee’s job performance and overall
contribution to a company. PERFORMANCE APPRAISAL
15. It is the process in which working people, through their unions, negotiate contacts with
their employers to determine their terms of employment. COLLECTIVE BARGAINING