HRM 2200 Study Guide - Final Guide: Total Rewards, Equal Pay For Equal Work, Multiple Choice
Document Summary
Multiple choice: 30 marks - 30 multiple choice (test bank of 39 will be randomly selected) Short answer 9 questions for a total of 34 marks. Chapter 1 - the pay model: roles of various stakeholders in the compensation system (society, stockholders, managers, Job losses (or gains) in a country is partly a function of labor costs (and productivity) Some stockholders say using stock to pay employees create a sense of ownership: others argue it reduces stockholder wealth. Stockholders have a particular interest in executive pay: linking executive pay to company performance increases stockholders" returns, there a many examples of where this did not happen (lehman brothers 2008) Compensation influences manager"s success in two ways: 1) it is a major expanse that must be managed; 2) a major determinator of employee attitudes and behaviours. Pay is usually a major source of financial security. Total compensation: pay received directly as cash and indirectly as benefits.
