A provides incentives for time spent at work b

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(a) provides incentives for time spent at work (b) provides automatic yearly increases in benefits (c) attracts and retains talented staff with potential (d) ensures fair and ethical compensation for all staff (e) ensures yearly across-the- board increases for all staff The correct alternative is 1 a, d 2 a, b 3 c, d 4 c, e 5 d, e 17 A compensation strategy differentiates when it ensures ____________________. 1 compensation that attracts and retains the right staff 2 that compensation is higher than those of competitors 3 compensation that is difficult for competitors to imitate 4 compensation that allows employers to control labour costs 5 that compensation includes long- and short-term incentives 18 Best practice in compensation means 1 providing incentives to ensure performance 2 applying certain accepted practices across all situations 3 focusing on all dimensions of the compensation strategy 4 ensuring internal alignment and external competitiveness 5 setting a compensation strategy that is separate from the business strategy 19 The purpose of compensation objectives is to _____________________. 1 provide pay-for-performance systems 2 allow for annual across-the-board increases 3 guide the design of the compensation system 4 ensure that employees are paid more than competitors offer 5 allow for an increase in salaries when employees’ skill levels increase 20 When formulating a total compensation strategy, the following must be investigated: (a) what employees prefer (b) the nature of the relationship with unions (c) how the strategy fits with other HR systems (d) the culture and values that guide employer behaviour (e) the culture and values that guide employee behaviour The correct alternative is 1 a, b, c 2 a, b, d 3 a, b, c, d 4 a, b, d, e 5 a, b, c, d, e
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MNH306-K/101 19 ASSIGNMENT 01 (SECOND SEMESTER) You have to submit Assignment 01 by the due date to be admitted to the examination. Due date: 21 August 2009 Unique number: 563021 This assignment is based on study units 1 - 4. It consists of 20 multiple-choice questions. You can use the official Unisa mark-reading sheet when submitting this assignment, or you can submit it on MyUnisa. Follow the instructions on how to use and complete mark-reading sheets in the Unisa: services and procedures brochure. To register for myUnisa, go to the Unisa website , click on myUnisa and follow the instructions. Make sure that you answer all the questions and that the numbering is correct Read the following and then answer questions 1 to 5. MARY-ANN’S DILEMMA Mary-Ann works as one of three PR officers in a small public relations company. It is a new company that has only been operating for two years, their compensation budget is limited and therefore the salaries they offer are not very high. Mary-Ann often has to work long hours. Apart from compulsory benefits, she receives a cell-phone allowance and a preferential rate on a pension plan. Mary-Ann’s friend, Thandi, works at a large conglomerate as a PR officer.
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