Functions and Importance of Compensation, Wages, Performance Evaluation, Appraisal, Employee Relations and Movement

Question 1

the minimum wage law for the National Capital Region (NCR) as of December, 2019

Answer 1

P 537 per day

Question 2

refers to compensation given to professionals on a monthly or semi-monthly basis.

Answer 2

Salary

Question 3

refers to compensation given on a weekly or daily basis and usually applies to manual workers such as carpenters, plumbers, electricians, and the like.

Answer 3

Wage

Question 4

minimum payment for the tasks rendered by the employee based on his or her position or job title.

Answer 4

Base Pay or Basic Pay

Question 5

performance evaluation method designed to find out if the employee possesses important work characteristics such as conscientiousness, creativity, emotional stability, and others.

Answer 5

Trait methods

Question 6

performance appraisal method where each characteristics to be evaluated is represented by a scale on which the evaluator or rater indicates the degree to which an employee possesses that characteristic.

Answer 6

Graphic Rating Scale

Question 7

performance evaluation that requires the rater to choose from two statements purposely designed to distinguish between positive or negative performance

Answer 7

Forced-choice Method

Question 8

a behavioural approach to performance appraisal that includes five to ten vertical scales, one for each important strategy for doing the job and numbered according to its importance.

Answer 8

Behaviorally anchored rating scale (BARS)

Question 9

a behavioural approach to performance appraisal that measures the frequency of observed behaviour.

Answer 9

Behavior Observation Scale (BOS)

Question 10

result of evaluation or structural changes within an organization.

Answer 10

Employee Movement

Question 11

entails the movement of employee from a lower position.

Answer 11

Vertical Movement

Question 12

involve the transfer of an employee to another department or position with similar responsibilities or status.

Answer 12

Horizontal Movement

Question 13

process through which an employee of a company is given a higher share of duties, a higher pay-scale or both.

Answer 13

Promotion or Career Advancement

Question 14

lowering of a rank, reduction in salary, status and responsibilities.

Answer 14

Demotion

Question 15

movement to another position but with the same level or scope of responsibility.

Answer 15

Transfer

Question 16

employee’s departure from the organization.

Answer 16

Separation

Question 17

employee’s voluntary decision to leave the organization.

Answer 17

Resignation

Question 18

the company’s decision to terminate employees due to business reasons.

Answer 18

Separation with authorized cause or layoff

Question 19

occurs when an employee is terminated due to theft, fraud, and other serious offenses.

Answer 19

Separation with just cause

Question 20

refers to the end of a worker’s employment with the company due to old age, illness, or infirmity.

Answer 20

Retirement

Question 20

refers to the end of a worker’s employment with the company due to old age, illness, or infirmity.

Answer 20

Retirement