Topic 1

Question 1

cash compensation

Answer 1

monetary reward for work performed

Question 2

base pay

Answer 2

salary/hourly wages

Question 3

variable pay

Answer 3

performance based rewards ie bonus, commission, equity reward

Question 4

benefits

Answer 4

additional to cash rewards, ie health insurance, retirement plans

Question 5

intangible rewards

Answer 5

meaningful work
positive working relationship
location

Question 6

first objective of Total Rewards

Answer 6

direct org activity to higher performance

Question 7

measures of performance

Answer 7

employee
team
organizational
sustainability of performance in all areas

Question 8

organizational citizenship behaviors

Answer 8

value creating activities that are not part of their job

Question 9

2nd category of outcomes for Total Rewards

Answer 9

Attraction and Retention

Question 10

3rd category of outcomes for Total Rewards

Answer 10

Satisfaction and Fairness ( Pay satisfaction and fairness)

Question 11

4th category of outcomes for Total Rewards

Answer 11

Cost and Efficiency

Question 12

5th category of outcomes for total rewards

Answer 12

Legal Compliance

Question 13

Differential pay

Answer 13

additional compensation for factors that make work more difficult or unpleasant

Question 14

types of differential pay

Answer 14

overtime
shift pay (extra pay for night shift)
hazard pay
on-call pay (paid if restricted from doing their own activities)
call back (call back to work for emergencies)
geographic (pay for where cost of living is higher)

Question 15

Fair Labor and Standards Act aka

Answer 15

Wage and Hour law

FLSA

Question 16

major provisions of FLSA

Answer 16

Exempt employees - exempt from minimum wage/overtime if salary is above certain amt.
non-exempt - covered by minimum wage/overtime laws