REWARDS

Question 1

It is the final requirement to ensure effective performance. The requirement refers to the design and implementation of reward system.

Answer 1

REWARD

Question 2

This makes employees motivated

Answer 2

REWARD

Question 3

Is the total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed as required.

Answer 3

Compensation

Question 4

By laws, there should be ________

Answer 4

monetary compensations

Question 5

paid to any employee shall mean the remuneration or earnings, however designated, capable of being expressed in terms of money, whether fixed or ascertained on a time, task, piece, or commission basis, or other method of calculating the same, which is payable by an employer to an employee under a written or unwritten contract of employment for work done or to be done, or for services rendered or to be rendered and includes the fair and reasonable value

Answer 5

WAGE

Question 6

Minimum wage in Manila

Answer 6

537

Question 7

Types of Organizational Incentives

Answer 7

●Intrinsic rewards

●Extrinsic rewards

Question 8

are rewards that the worker receives from the job itself.

Answer 8

Intrinsic rewards

Question 9

are rewards that enhance the workers get from the employer.

Answer 9

Extrinsic rewards

Question 10

Prides in one’s work.

Answer 10

Intrinsic rewards

Question 11

Feeling of accomplishment.

Answer 11

Intrinsic rewards

Question 12

Being part of a team.

Answer 12

Intrinsic rewards

Question 13

What are the extrinsic rewards

Answer 13

money. promotion, benefits

Question 14

rewards that enhance an employee’s financial well-being directly through

Answer 14

Financial rewards

Question 15

Financial rewards are enhance an employee’s financial well-being through:

Answer 15

Wages
Bonuses
Profit sharing

Question 16

are indirect enhancement of an employee’s financial well-being.

Answer 16

Nonfinancial rewards

Question 17

What are Nonfinancial rewards

Answer 17

Supportive benefits	
	Paid sick leaves 
	Pension plans					
	Purchase discounts
	Paid vacations

Question 18

rewards that are given using performance as basis

Answer 18

Performance –based rewards

Question 19

rewards that are given when you achieve something

Answer 19

Performance –based rewards

Question 20

Commissions

Answer 20

Performance –based rewards

Question 21

Piece of work pay plans

Answer 21

Performance –based rewards

Question 22

Incentive system

Answer 22

Performance –based rewards

Question 23

Group bonuses

Answer 23

Performance –based rewards

Question 24

Forms of merit pay

Answer 24

Performance –based rewards

Question 25

refer to those that are given to all employees regardless of performance.

Answer 25

Membership-based rewards

Question 26

COLA

Answer 26

Membership-based rewards

Question 27

Salary increase due to market conditions

Answer 27

Membership-based rewards

Question 28

Benefits

Answer 28

Membership-based rewards

Question 29

Seniority

Answer 29

Membership-based rewards

Question 30

Kinds of Salary

Answer 30

●Hourly pay ●Annual Rate ●Commission

Question 31

Individuals are compensated for the hours they actually work at a predetermined rate per hour.

Answer 31

Hourly pay

Question 32

receive a set amount every pay period based on a full-year rate.

Answer 32

Annual Rate

Question 33

offers a certain percentage of every sale generated.

Answer 33

Commission

Question 34

TRUE OR FALSE. The normal hours of work of any employee shall not exceed eight (8) hours a day.

Answer 34

TRUE

Question 35

How many hours in a week does an employee need to fulfill?

Answer 35

48 hours | Six days a week

Question 36

TRUE OR FALSE. The employee is not entitled to have 60 minutes for their regular meals.

Answer 36

FALSE

Question 37

Overtime pay formula

Answer 37

Minimum age/8 +25% = overtime pay

Question 38

TRUE OR FALSE. 8 hours should be rendered first in order to have the overtime pay

Answer 38

TRUE

Question 39

TRUE OR FALSE. a rest period of not less than twenty-four (24) consecutive hours after every six (6) consecutive normal work days.

Answer 39

TRUE

Question 40

REST DAY RATE

Answer 40

Minimum Wage X .30 = Rest Day Rate

Question 41

RATE FOR WORK PERFORM ON SUNDAYS AND HOLIDAYS

Answer 41

Minimum Wage X .30

Question 42

RATE WHEN WORK PERFORM ON A SPECIAL HOLIDAY

Answer 42

Minimum Wage X .30

Question 43

RATE WHEN AN EMPLOYEE NEEDS TO PERFORM WORK DURING HIS REST DAY WHILE THE DAY BEING A SPECIAL HOLIDAY

Answer 43

Minimum Wage X .50

Question 44

RATE WHEN AN EMPLOYEE NEEDS TO PERFORM WORK ON A REGULAR HOLIDAY

Answer 44

Minimum Wage + Minimum Wage

Question 45

TRUE OR FALSE. All service charges collected by hotels, restaurants and similar establishments shall be distributed at the rate of eighty-five percent (85%) for all covered employees and fifteen percent (15%) for management.

Answer 45

TRUE