Question

No.	Column A	Column B
1.1.1	__________ Base pay	a)   Pay program in which pay increases are base on length of service.
1.1.2	_________ Seniority pay	b)   The monetary compensation employees earn on a regular basis for performing their jobs. Hourly pay and salary are main forms of base pay.
1.1.3	__________ Merit pay	c)    Pay increase added to employees’ base pay based on their level of performance.
1.1.4	__________ Spot bonus	d)    Incentive pay plan in which employees are paid for each unit they produce.
1.1.5	__________ Piecework	f)    Relatively small monetary gifts provided to employees for outstanding work or effort during a reasonably short period of time.
1.1.6	_________ Gain sharing	g) Plan designed to bind employees to the firm’s productivity and provide an incentive payment based on improved company performance.
1.1.7	_________ Stock compensation plans	h) Employee compensation for jobs employees currently perform.
1.1.8	__________ Job-based pay	i) Companywide incentive plans that grant employees the right to purchase shares of company stock.
1.1.9	_________ Personal-focused pay	j) System that compensates employees for their job-related skills and knowledge, not for their job titles.
1.1.10	__________ Skill-based pay	k) Compensation for developing the flexibility, knowledge, and skill t perform a number of job effectively.

Answer 1

Please find the answers below:

Base Pay- b) The monetary compensation employees earn on a regular basis for performing their jobs. Hourly pay and salary are main forms of base pay.

Seniority Pay- a) Pay program in which pay increases are base on length of service.

Merit Pay- c) Pay increase added to employees’ base pay based on their level of performance

Spot Bonus- f) Relatively small monetary gifts provided to employees for outstanding work or effort during a reasonably short period of time.

Piece Work-   d)    Incentive pay plan in which employees are paid for each unit they produce.

Gain sharing- g) Plan designed to bind employees to the firm’s productivity and provide an incentive payment based on improved company performance.

Stock compensation plans- i) Companywide incentive plans that grant employees the right to purchase shares of company stock.

Job-based pay- h) Employee compensation for jobs employees currently perform.

Personal-focused pay- k) Compensation for developing the flexibility, knowledge, and skill t perform a number of job effectively.

Skill-based pay- j) System that compensates employees for their job-related skills and knowledge, not for their job titles.

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