Remuneration & Rewards Management
Quiz - Rewarding Individual Performance-2017
1. What is Performance Related Pay (PRP)?
2. Is paying for skills and competencies a type of PRP? Explain.
3. What are two advantages of PRP?
4. What are two disadvantages of PRP?
5. What is a merit raise? What are two advantages and two disadvantages of a merit raise?
6. What is a merit bonus? What are two advantages and two disadvantages of a merit bonus?
7. Explain what sorting effect is with PRP and give an example to illustrate.
8. Why do PRP systems often fail?
9. What are discretionary bonuses?
10. What is non-cash recognition and give one advantage & one disadvantage?