Practice Compensation Management - 1.11 | Chapter 1: Human Resource Management (HRM) | ICSE Class 12 Business Studies
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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is compensation management?

πŸ’‘ Hint: Think about the relationship between pay and employee work.

Question 2

Easy

Name two components of compensation management.

πŸ’‘ Hint: Consider what forms employee payments can take.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What does compensation management primarily deal with?

  • Employee recruitment
  • Employee remuneration
  • Employee training

πŸ’‘ Hint: Look for the main focus of managing employee satisfaction.

Question 2

True or False: Bonuses are regular payments made to employees every month.

  • True
  • False

πŸ’‘ Hint: Remember the difference between ongoing wages and one-off bonuses.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Create a compensation plan for a small business, outlining necessary components and justifying each choice.

πŸ’‘ Hint: Consider the industry standards and employee expectations.

Question 2

Analyze the effects of inadequate compensation on organizational performance.

πŸ’‘ Hint: Think about the repercussions of dissatisfied employees in a workplace.

Challenge and get performance evaluation