Reference no: EM133144934

TRUE or FALSE

1. Compensation in the form of money is a primary motivator and ticket not to survive. This is the reason why management is careful not to allow any issue on compensation.

2. In sociological concept, compensation is a form of status symbol.

3. The term SALARY refers to a fixed amount of pay which is given on a hourly based.

4. On a rest day, which is also a special holiday, an employee is entitled to an additional 50% of his daily basic rate or a total of 150%

5. Pay Model Structure are used to device new methods in the payment structure within the organization.

6. In knowledge based pay or skill based pay systems, employees start at a base level pay and receive increases as they learn to do other jobs or gain other skills.

7. In recent years, the phrase "pay and benefits" has been replaced with "total rewards," which includes not only personal and professional development opportunities, but also an inspiring work environment.

8. On job analysis some organizations emphasize on competencies more than tasks.

9. Job evaluation is the process of determining the worth of a job.