Skip to Content
Home └Hero Policy └Linked HR Policy: Compensation policy

Hero Policy

0 %

Completed

Course content

Linked HR Policy: Compensation policy

10 XP
Prev Next
Fullscreen Share
HR Policy Quiz

Introduction to Compensation Policy

Linked is committed to being an employer of choice, with compensation being one of the seven key pillars of resource management. This policy defines the guidelines for employee salaries, ensuring fair and structured salary determinations, increments, and payments. It aims to provide transparency in salary structures while aligning with market conditions and the organization’s strategic objectives.

Scope of the Policy

This policy outlines salary determination, increments, and payment guidelines for all salaried employees, ensuring fairness and alignment with market standards and company objectives.

Rating
0 0

There are no comments for now.

Join this Course
to be the first to leave a comment.

1. What is the primary purpose of the compensation policy?
A) To define bonus structures B) To govern employee salaries paid on a guaranteed monthly basis C) To set performance evaluation criteria D) To determine overtime pay only
2. When does the compensation policy become effective?
A) 1st January 2024 B) 15th November 2023 C) 1st December 2023 D) 31st October 2023
3. How is the starting salary of a new recruit determined?
A) Based on a fixed company-wide salary structure B) Negotiated case-by-case, considering company policies and market conditions C) Set based on the candidate’s previous salary D) Determined by the employee’s experience alone
4. What is the minimum annual salary increase based on?
A) Company profits B) Employee performance review C) Inflation-linked increase determined by CPI D) Manager’s discretion
5. In which month do eligible employees receive their salary increase?
A) January B) March C) June D) December
6. Employees who join between September and February will be eligible for a salary increase in which year?
A) The following March B) The next financial year C) They will not be eligible for the next March increase D) Immediately upon joining
7. By when does Linked endeavour to pay salaries each month?
A) 1st of the month B) 15th of the month C) 25th of the month D) Last day of the month
8. What is the final deadline for salary payments each month?
A) 20th of the month B) Last day of the month C) 10th of the month D) 1st of the next month
9. Does Linked provide overtime compensation under normal working conditions?
A) Yes, for all employees B) No, due to flexible working hours C) Only if the manager approves D) Yes, but only on weekends
10. Who is eligible for overtime pay?
A) All employees B) Only senior employees C) Employees assigned to work outside regular office hours D) Employees who request extra work
Additional Resources
Join this Course to access resources