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