1. What is the main purpose of obtaining feedback from employees?
Employee feedback is collected to understand employee satisfaction, concerns, and suggestions, which helps in improving processes and policies.
2. Which of the following methods is commonly used for collecting employee feedback?
Employee feedback can be collected through multiple channels such as surveys, interviews, and suggestion boxes to get genuine inputs.
3. Which of the following is a key benefit of effective employee feedback?
Effective feedback fosters engagement, motivation, and helps employees align their performance with organizational goals.
4. What is a potential challenge in collecting employee feedback?
Employees may hesitate to give honest feedback due to fear of negative consequences, making anonymity and trust critical in feedback systems.
5. Continuous employee feedback primarily helps management in:
Regular feedback helps management detect skill gaps, areas for improvement, and design training programs for employee development.
6. What is the primary objective of a reward and compensation system?
A reward and compensation system is designed to motivate employees, retain talent, and recognize their contributions to organizational goals.
7. Which of the following is considered a financial reward?
Financial rewards include monetary benefits like salary increments, bonuses, profit sharing, or stock options to motivate employees.
8. Non-financial rewards typically include:
Non-financial rewards are intangible benefits like recognition, promotions, flexible working hours, or a positive work environment.
9. What is a key advantage of linking compensation with performance?
Linking compensation with performance encourages employees to meet or exceed targets and supports alignment with organizational goals.
10. Which factor should be considered while designing a reward system?
A well-designed reward system considers employee performance, organizational objectives, and fairness to ensure motivation and retention.