Compensation @ Amway Quiz

13 Questions | Total Attempts: 24

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Compensation @ Amway Quiz - Quiz

Find out what you know about Compensation @ Amway and learn something new!


Questions and Answers
  • 1. 
    The Global Grade is defined by:
    • A. 

      The years of experience of the position holder

    • B. 

      The scope of a position

    • C. 

      The performance of an employee

    • D. 

      The education of an employee

  • 2. 
    Pay ranges are set in such a way that pay can be differentiated based on experience, expertise and performance.
    • A. 

      True

    • B. 

      False

  • 3. 
    What is the cut-off date for merit award eligibility?
    • A. 

      1st September

    • B. 

      31st March

    • C. 

      1st October

    • D. 

      31st December

  • 4. 
    ___________ indicates the employee’s pay position on the pay range
    • A. 

      Bonus target

    • B. 

      Compa-Ratio

    • C. 

      Global Grade

  • 5. 
    The Final Objective score has impact on:
    • A. 

      Pay/ Salary increase (Merit)

    • B. 

      Incentive Reward/ Bonus (ACIP)

    • C. 

      % of Compa ratio

    • D. 

      All of the above

  • 6. 
    What qualifies a position for a promotion?
    • A. 

      The years of experience of the position holder and increased business need.

    • B. 

      Years of experience on the current position and increased business need.

    • C. 

      Higher scope and responsibility of the position due to permanent increased business need.

  • 7. 
    An employee joined the company on October 1st. Which of the following statements is correct?
    • A. 

      The employee is eligible for a pro-rated bonus award plus a merit award

    • B. 

      The employee will not receive a bonus and merit award

    • C. 

      The employee receives a 100% bonus payout for the whole year

    • D. 

      The employee is eligible for a pro-rated bonus award

  • 8. 
    Plan bonus payout occurs in _____ of the following year according tolocal payroll schedule.
    • A. 

      March

    • B. 

      June

    • C. 

      April

    • D. 

      January

  • 9. 
    Please choose all components of ACIP bonus payout:
    • A. 

      Employee’s Annual Incentive Target

    • B. 

      Company Performance Multiplier

    • C. 

      Individual Performance Multiplier

    • D. 

      Basis Amount for Payout

  • 10. 
    The merit increase that an employee gets depends on? Please choose all components.
    • A. 

      Objective Scores

    • B. 

      Competency Scores

    • C. 

      Compa-Ratio

    • D. 

      Budget

  • 11. 
    Employee was on the leave of absence from January 1st untilNovember 1st. Which of the following statements is correct?
    • A. 

      The employee will not receive a bonus and merit award.

    • B. 

      The employee is eligible for a pro-rated bonus award but not merit increase.

    • C. 

      The employee is eligible for a pro-rated bonus award plus a merit award.

    • D. 

      The employee receives a 100% bonus payout for the whole year and pro-rated merit increase.

  • 12. 
    Lump Sum is a one-time payment that is recommended for employees whose salary is near to or at the midpoint of the pay range.
    • A. 

      True

    • B. 

      False

  • 13. 
    The merit matrix is designed to assure our employees receivemarket-competitive pay based on an _______ on ________.Please choose two correct replies?
    • A. 

      Years in the position

    • B. 

      Employee’s performance

    • C. 

      Years with the company

    • D. 

      Individual competencies

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