Why is an effective compensation program important to the employee?

a.

It represents a significant part of his cost.

b.

It affects inflation and macroeconomics.

c.

It is essential for business competitiveness.

d.

It is fundamental to his standard of living.

__________

Assume you are the manufacturer of safety shoes with over 100 multicultural workers. Last year, 30% of your workers expressed dissatisfaction with current incentives program. What is the best approach to minimize the issue and restore workplace harmony?

a.

Replace all dissatisfied workers with nationals.

b.

Provide a combination of financial and non-financial incentives.

c.

Terminate all dissatisfied workers.

d.

Provide more non-financial incentives.

_____________

Why organizations develop formal compensation policies?

a.

Compensation policies provide general guidelines for making compensation decisions.

b.

Compensation policies are documents that must be kept in HRD for reference.

c.

Compensation policies must be shared to all employees.

d.

Compensation policies require exceptionally talented teams for its preparation.