1. McDonald’s global rewards program has resulted in lower managerial and employee turnover. In this type of total rewards system why would turnover decline?

1. McDonald’s global rewards program has resulted in lower managerial and employee turnover. In this type of total rewards system why would turnover decline?

a. All employees benefit from higher pay, and are less likely to quit.

b. Employees receive equal bonuses based on growth in McDonald’s profits, and this fair treatment makes employees less likely to quit.

c. The increased in employee competition from varying reward levels based on performance encourages high performers to stay.

d. Higher performers receive higher incentives than lower performers, so high performers would be less likely to quit.

2. Compensation is one of the organization’s largest expenditures. Compensation philosophies and systems vary from one organization to the next. Why is that?

a. There is no “one right way” to compensate employees. Many systems will work equally well in any organization.

b. Different organizations have different organizational objectives and strategies.

c. Legal requirements mandate different types of compensation systems depending on the organization’s industry.

d. Organizations depend heavily on consultants to design their compensation systems, and each consulting firm has its own system.

3. All of the following are compensation objectives of the organization EXCEPT

a. legal compliance with relevant laws and regulations.

b. internal, external and individual equity for employees.

c. the lowest total cost of compensation in the industry.

d. performance enhancement for the organization.

4. The total rewards compensation approach has three main components. Which of the following is NOT one of these components?

a. compensation

b. benefits

c. performance and talent management

d. individual, team and organizational-level incentives

5. In a total rewards compensation approach, it is critical to balance

a. the need for the employer to generate profits with the needs of the employees to receive equitable pay.

b. the ability of the employer to pay with the needs of the employees for tangible and intangible rewards.

c. the strategic goals of the employer with the personal needs and goals of the employees.

d. balance the interests and costs of employers with the needs and expectations of employees.

6. Which of the following would be an example of an intrinsic reward?

a. a grant of stock options

b. additional medical insurance coverage

c. a membership in a country club

d. verbal praise for a job well done

7. Medical insurance, paid by the employer, is classified as ____ compensation.

a. indirect

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