Requirement of implementing a pay for performance system

Question

Assignment:

QUESTION 1 Total compensation refers to the monetary and nonmonetary rewards offered to employees.

• True
• False

QUESTION 2 A requirement of implementing a pay for performance system is to eliminate nonmonetary rewards at an organization.

• True
• False

QUESTION 3 An organization's strategic objectives often have important implications for the design and implementation of its compensation system.

• True
• False

QUESTION 4 Performance based pay recognizes that people working in the same job can contribute to the organization at a different level in terms of value and seeks to provide an incentive for maximizing their contribution.

• True
• False

QUESTION 5 Although it is illegal for employers to forbid employee discussions of pay, keeping pay secret is the norm in many U.S. organizations.

• True
• False