Remuneration Interview Questions, Reward Interview Questions and Answers

1. What is position analysis? Where is its use in HR? 
2. What is job evaluation? How is position analysis relevant to job evaluation?

3. What is the meaning of Decision Band Method in the context of Job Evaluation? 

4. What is internal equity, external equity, individual equity and cost of living equity in the context of wage and salary fixation? 

5. What constitutes employee cost or cost to the company (CTC)? 

6. What are benefits and services? 

7. What is the cafeteria approach to fixing employee compensation? 

8. What is the meaning and purpose of Employee Stock Option Plan (ESOP)? 

9. What do you understand by non-financial benefits? Give a few examples of it? 

10. Explain the need and usefulness of wage survey?