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Kahoot – Questions & Answers – Compensation Administration

W2023 - Rewards/Compensation Week 1
1 - Compensation can best be defined as...
 Cash payment for work done only.
 Financial rewards & benefits that workers receive from their employers.
 The value of a job.
 A variety of relational returns employees receive

2 - Relational Returns include:20sec

 Challenging work and the chance to learn and advance
 Receiving fair wages and required benefits
 Long term incentives, vacation and work-life balance
 Approval to date other employees
3 -A type of long-term incentive is20sec
 Bonuses
 Education Assistance
 Merit increases
 Stock options
4 - Stock Options are used to20sec
 Ensure executives are well paid
 Attract and retain excellent employees
 Allow all employees to buy into the company
 Avoid taxes
5 - What are the two main types of company pensions (select 2 answers)20sec
 Canada Pension Plan
 Defined Contribution
 Employee Share Purchase Plans
 Defined Benefit
6 - Total Rewards is synonymous with20sec
 Gross Pay
 Cash compensation
 Total Returns or Total Compensation
 Bonuses and merit increases
7 - The legislation that requires employers to pay a minimum hourly rate is:20sec
 OH&S
 Canadian Labour Act
 WSIB
 Employment Standards Act

8 - Minimum Vacation entitlement is20sec

 Negotiated with every new hire
 At the discretion of the employer
 To equal at least 20% of an employee's annual salary
 Legislated through the ESA
9 - Compensation is20sec
 Required to be paid at least monthly
 The lowest expense category a company incurs
 Usually the highest expense category a company incurs
 Optional
10 - This course will be...
 tough, man!
 difficult if students don't attend, participate and keep up
 easy for sure
 only of value to those looking to work in the Comp field
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Compensation/Rewards Strategy Winter 2023

1 - Astra Zeneca's strategy focuses on...20sec
 Low cost and fast to market
 highest salaries to employees
 innovative science and life changing medicines
 cost effectiveness and market share
2 - A company with a strategy that speaks to their high quality products might best reward their employees with...20sec
 Bonuses based on low product return rate
 Longer vacations
 Corporate swag
 EAP
3 - Starbucks has a reward program that....20sec
 is like their competition
 encourages competition
 rewards employees annually based on sales
 sets them apart from their competition
4 - The relationship between Corporate strategy and Compensation/Total Rewards strategy is:20sec
 Identical, as all corporate goals must relate to employees
 Distant - they are 2 different sets of goals
 Compensation/Rewards strategy must support employee related corporate goals
 Compensation plans must be distinct from Corporate goals

5 - A company with a strategy of excellence in customer service might20sec

 Reward employees on how many new customers they gain
 Recognize and reward increased Customer Satisfaction results
 Reward employees based on absence of customer complaints
 Only reward those in client facing roles
6 - Which of the following are rewards offered by Starbucks20sec
 The "Beanstock" plan (ESPP) that allows all employees to buy shares
 A pound of coffee or tea each week
 free tuition
 Fully paid health care benefits
7 - One common feature of having a competitive advantage in the area of Rewards is...20sec
 The company pays higher than the marketplace
 Benefit offerings are the highest in the industry
 Having a Rewards plan that is unique and hard to replicate
 The company offers more Benefits than their competitors.
8 - Adopting a "Best Practice" approach to the firm's Reward/Compensation Plan means:20sec
 Using the best elements of competitors Compensation approach
 Implementing compensation plans that fit the corporate goals
 Using approaches that worked for the company in the past
 Hiring consultants to assess what is the best approach
9 - Your mid term exam date is20sec
What exam? February 31st February 22nd During Reading Week

10 - Astra Zeneca's strategy, would likely have suggested which Total Rewards approach?20sec
 Compensation rewards based on customer service results
 A top salary offering to attract the brightest scientists
 A market pay strategy
 A commission pay approach
11 - Relational Rewards include:20sec
 promotion and ability to have flex work arrangements
 security and stock options
 market level salary and benefits
 challenging work and merit increases
12 - The best example of a job that pays commission is...20sec
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 Manufacturing jobs on an assembly line

 Retail jobs
 Realtors and car salespeople
 Executive jobs

Compensation: Job Analysis & Descriptions Winter 2023

1 - A PAQ is20sec
 Position Analysis Questionnaire
 Performance Assessment Quiz
 Performance Annual Questionnaire
 Pay Analysis Questionnaire
2 - Which one of the following is NOT a valid reason for conducting a job analysis20sec
 an analysis has not been conducted in the past year
 the company is undergo a reorganization
 the role is subject to unusual high turnover
 you have a vacancy in a role
3 - The output or deliverable from a job analysis is ...20sec
 a job evaluation
 a job questionnaire
 a bunch of useless paper
 a job description
4 - Which is not a tool used in the analysis of jobs?20sec
 interviews
 performance reviews
 observation
 diaries or logs
5 - To be effective, a job analysis must ...20sec
 be based on performance
 be acceptable and valid
 include all workers in the role being studied
 use a best fit approach
6 - The federal government National Occupational Classification (NOC) provides20sec
 a formal method of assigning pay levels to jobs in Canada
 another method of job analysis
 examples of how to describe work
 job opportunities for Canadians
7 - One of the key aspects to ensuring a successful job analysis is to ......20sec
 ensure secrecy is maintained during the analysis
 select the best workers to interview
 communicate honestly to those impacted by the analysis
 hire an external firm to conduct the analysis
8 - Which of the following is not effective in assessing a job analysis?20sec
 Tenure of participants
 Validity
 Reliability
 Acceptability
9 - The NOC stands for......20sec
 National Occupation Collection
 National Opportunity Catalogue
 National Occupational Classification
 National Occupations - Canada
10 - True or false
A job description is a legally defensible document. True False

11 - A job description should be updated ......20sec

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 whenever a new person is hired into a role

 when a new manager takes over a team
 annually
 when duties change or the current one is outdated

Compensation: Job Evaluation

1 - Job evaluation leads to creating......

job structure and job salaries

job classifications
position descriptions
job ranking
2 - Which of the following is NOT a good reason for conducting a job evaluation

it's annual performance review time

there has been considerable turnover in a particular job
the company is going through a major restructuring
you have a vacancy in a role
3 - Companies often evaluate jobs whose content is well known & relatively stable. This is called

evaluating mid point jobs

evaluating benching jobs
evaluating market jobs
evaluating benchmark jobs
4 - Weaknesses of the Job Ranking method are:

too general so does not provide a clear job differentiation

job titles may not be updated or reflective of the role
very subjective
all of the above
5 - Which of the following statement(s) reflect a Job Classification approach to evaluation

Repetitive work requiring no training. Closely supervised.

Responsibility and skills are each worth 50% of job value
Work is complex, varied, done under general supervision.
answers 1 and 3
6 - The federal government National Occupational Classification (NOC) provides

a formal method of assigning point values to jobs in Canada

another method of job evaluation
> 30,000 job descriptions to assist companies describe & structure jobs
job opportunities for Canadians
7 - A Point Method involves the assignment of points to jobs based on

all tasks outlined in a job description

ten factors which represent the compensation structure
managerial determination
compensable factors that are scaled and weighted
8 - The Hay method further breaks down the Know How (Skills) factor with which additional element?

working conditions
financial responsibility
problem solving
supervisory responsibility
9 - The 4 universal compensable factors are

skills, responsibility and working conditions

management, delegation, problem solving and effort
skills, education, working conditions and tasks
effort, responsibility, working conditions and skills