Quiz is mainly based on handouts of MGT501-HRM from Virtual University. (VU)
Salary
Fringe benefits
Wage
Commission
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Improve job satisfaction
Increase employee commitment
Minimize medical claims from retirees
. Ease the transition from working life to retirement
Performance outcomes
Determinants of performance
Performance appraisals
Types of performance standards
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. Difficulty in balancing work and family life
Top management is usually male oriented
Lack of educational opportunities
Common perception that woman can not be better boss
Part-time work
Flexible hours
On-site child care
Job sharing
His job may not be structured to suit his preferences
It involves physical toughness
It requires mental toughness
It involves too much customer interaction
Central tendency
Leniency
. Strictness
Halo effect
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No relationship exists
. Different methods to evaluate performance
Both are similar PA methods
Comparison method is used for PA, while BARS is related to training evaluation
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Feedback loop
Multi-source assessment
Upward feedback
Circle feedback
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Achieve desired outcomes
Meet legal compliance
Achieve competitive advantage
Promote goodwill in market
Ranking method
Factor comparison method
Classification method
Point factor method
Physical skills required by the job
Relative job worth for an organization
Complexity of the job to perform
Conceptual skill required by the job
Peers
Customers
Top management
Immediate supervisor
Classes
Grades
Scales
Roles
Top management
HR department
Line managers
Production department
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To attract new blood in the organization
To create stronger customer relationship
To enhance the market share
All of the above
Pension
Salary
Bonus
Incom
. It is an expensive method
Only beneficial for small organizations
Maximum probability of biasness
Not useful when jobs are different
Graphic rating scale
Comparative method
Essay method
Critical incident method
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