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Which of the following is NOT an avoidable cause of labor turnover?- a)Unsympathetic attitude of the management.
- b)Retirement due to old age.
- c)Change for better job opportunities.
- d)Death of an employee.
Correct answer is option 'B'. Can you explain this answer?
a)
Unsympathetic attitude of the management.
b)
Retirement due to old age.
c)
Change for better job opportunities.
d)
Death of an employee.
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Bank Exams India answered |
Retirement due to old age is an unavoidable cause of labor turnover as employees leave the organization as part of their natural career progression.
What is the primary purpose of a performance management system?- a)To track employee attendance.
- b)To assign work shifts.
- c)To provide feedback and assess employee performance.
- d)To allocate annual bonuses.
Correct answer is option 'C'. Can you explain this answer?
a)
To track employee attendance.
b)
To assign work shifts.
c)
To provide feedback and assess employee performance.
d)
To allocate annual bonuses.
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Universal Academy answered |
The primary purpose of a performance management system is to provide feedback to employees and assess their performance for further development and improvement.
Why is it important to conduct regular human resources audits?- a)To increase employee job satisfaction.
- b)To improve internal communication.
- c)To identify opportunities for cost-cutting.
- d)To prevent litigation and ensure compliance.
Correct answer is option 'D'. Can you explain this answer?
a)
To increase employee job satisfaction.
b)
To improve internal communication.
c)
To identify opportunities for cost-cutting.
d)
To prevent litigation and ensure compliance.
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Universal Academy answered |
Conducting regular human resources audits is important to prevent litigation, ensure compliance with employment laws, and identify and rectify potential issues related to workplace practices.
What is the purpose of conducting a personnel audit?- a)To assess employee job satisfaction.
- b)To identify opportunities for promotions.
- c)To ensure compliance with employment laws and regulations.
- d)To evaluate employee productivity.
Correct answer is option 'C'. Can you explain this answer?
a)
To assess employee job satisfaction.
b)
To identify opportunities for promotions.
c)
To ensure compliance with employment laws and regulations.
d)
To evaluate employee productivity.
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Bank Exams India answered |
The purpose of conducting a personnel audit is to ensure that the organization is complying with employment laws and regulations and to identify any potential HR-related risks.
In the context of payrolls, what does "net wage payable" refer to?- a)The total amount of money earned by an employee.
- b)The amount of money before deductions.
- c)The amount of money after deducting taxes and other withholdings.
- d)The bonus amount received by an employee.
Correct answer is option 'C'. Can you explain this answer?
a)
The total amount of money earned by an employee.
b)
The amount of money before deductions.
c)
The amount of money after deducting taxes and other withholdings.
d)
The bonus amount received by an employee.
|
|
Bank Exams India answered |
"Net wage payable" refers to the amount of money an employee receives after deducting taxes, insurance, and other withholdings.
What is one of the negative effects of high labor turnover on production?- a)Increased efficiency due to fresh perspectives.
- b)Decreased need for training new employees.
- c)Higher production planning accuracy.
- d)Loss in production due to frequent changes in the workforce.
Correct answer is option 'D'. Can you explain this answer?
a)
Increased efficiency due to fresh perspectives.
b)
Decreased need for training new employees.
c)
Higher production planning accuracy.
d)
Loss in production due to frequent changes in the workforce.
|
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Universal Academy answered |
High labor turnover can result in loss of production due to difficulties in maintaining stable production planning and the need for training new employees.
Which method of measuring labor turnover involves calculating the number of workers who leave during a certain period?- a)Separation method
- b)Replacement method
- c)Flux method
- d)Turnover method
Correct answer is option 'A'. Can you explain this answer?
a)
Separation method
b)
Replacement method
c)
Flux method
d)
Turnover method
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|
Universal Academy answered |
The separation method measures labor turnover by considering the number of workers who leave during a specific period.
Which step is NOT part of the disbursement of wages process?- a)Preparing pay packets with exact cash.
- b)Conducting employee performance evaluations.
- c)Distributing pay packets to employees.
- d)Ensuring accurate calculation of payments.
Correct answer is option 'B'. Can you explain this answer?
a)
Preparing pay packets with exact cash.
b)
Conducting employee performance evaluations.
c)
Distributing pay packets to employees.
d)
Ensuring accurate calculation of payments.
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|
Bank Exams India answered |
Conducting employee performance evaluations is not a step in the disbursement of wages process. It is a separate HR function related to employee development and feedback.
Which factor is NOT considered in the analysis of internal pay equity?- a)Gender
- b)Race
- c)Job position
- d)Tenure
Correct answer is option 'C'. Can you explain this answer?
a)
Gender
b)
Race
c)
Job position
d)
Tenure
|
|
Universal Academy answered |
Internal pay equity analyzes how similarly qualified employees are compensated and typically considers factors like gender, race, and tenure, but not job position.
What is labor turnover?- a)The rate at which employees are promoted within the organization.
- b)The number of workers who leave employment during a specific period.
- c)The number of temporary workers hired by an organization.
- d)The number of workers who retire from the organization.
Correct answer is option 'B'. Can you explain this answer?
a)
The rate at which employees are promoted within the organization.
b)
The number of workers who leave employment during a specific period.
c)
The number of temporary workers hired by an organization.
d)
The number of workers who retire from the organization.
|
|
Bank Exams India answered |
Labor turnover refers to the rate at which employees leave their employment within a specific period. It is calculated by dividing the number of employees who left by the average number of employees during that time.
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Human Resource Management
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