Total compensation refers to the monetary and nonmonetary


1. As an organization begins to embrace a philosophy of continuous learning and improvement, more active participation in the design and delivery of the organization’s training system by all stakeholders is seen as both undesirable and unnecessary.

True

False

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

True

False

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

True

False

4. An organization’s strategic objectives often have important implications for the design and implementation of its compensation system.

True

False

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Operation Management: Total compensation refers to the monetary and nonmonetary
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