Performance and reward management

A visually appealing illustration of a business professional engaging in performance management practices, with graphics representing rewards and assessments.

Performance and Reward Management Quiz

Test your knowledge on performance and reward management with our engaging quiz! This quiz features 11 carefully crafted questions designed to evaluate your understanding of key concepts and practices in the field.

Multiple-choice questions
Learn about extrinsic rewards and performance management benefits
Discover the implications of performance-linked pay

11 Questions3 MinutesCreated by EngagingReward219

Which of the following is an extrinsic reward?

Feedback from manager

Extra bonus

Gain recognition on workplace

Performance management is

Information for management decision making- rewards, compensation, discipline, promotions

Have the employee understand and accept changes that will increase his or her performance and effectiveness.

In time of recission, high quality staffs may leave the company due to performance linked pay.

True

False

Performance linked pay and management will help in keeping absenteeism rate low and retention rate high.

Yes

Which of the following, concern aligning rewards with organizational strategy?

Allows regular interaction between employees and manager.

Allows financial rewards such as bonus

Allows job promotion

Allows work freedom and autonomy

Select the disadvantages of performance linked pay

High competition among employees

High retention rate

Stressful work environment

Expensive process for the organization

Is the fact that under performers are identified by performance management and eliminated an advantage or disadvantage ?

Advantage

Disadvantage

Performance and reward management

Performance and Reward Management Quiz

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