As the Compensation Manager for a Large Manufacturer,Tony Has Been

question 34

Multiple Choice

As the compensation manager for a large manufacturer,Tony has been asked to restructure the reward systems in his organisation.Employees have suggested,more than once,that the current reward system is rather unfair for many employees.They've suggested that there are huge variations in performance levels for each role but employees still get the same pay. Employees also state that some employees take three times the amount of time than other employees to complete the same task so another option Tony might consider is:

• A)merit-based pay
• B)profit-sharing
• C)bonuses
• D)employee share options

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Definitions:

Dismal Science

A nickname for economics, stemming from its predictions and analyses that often focus on the limitations and constraints of economic activities.

Average Workweek

The standard number of hours worked in a week by employees in a particular sector, industry, or economy.

Industrialized Countries

Nations characterized by significant industrial activity, a high level of development, and a strong economy.

Savings Rate

The percentage of disposable income that is set aside as savings instead of being expended on goods and services.