Question: Question 6 ( Mandatory ) ( 4 points ) Listen Total compensation refers to the monetary and nonmonetary rewards offered to employees. Question 6 options:
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Total compensation refers to the monetary and nonmonetary rewards offered to employees.
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False
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A requirement of implementing a pay for performance system is to eliminate nonmonetary rewards at an organization.
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True
False
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An organization's strategic objectives often have important implications for the design and implementation of its compensation system.
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True
False
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Performance based pay recognizes that people working in the same job can contribute to the organization at a different level in terms of value and seeks to provide an incentive for maximizing their contribution.
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True
False
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Although it is illegal for employers to forbid employee discussions of pay, keeping pay secret is the norm in many US organizations.
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True
False
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