Summer Sale Limited Time 65% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: ecus65

WorldatWork GR1 - Total Rewards Management Exam

Page: 1 / 3
Total 90 questions

When using a market pricing approach to build a base pay structure, what percentage of job content should typically be similar for a job match to be considered good for benchmarking purposes?

A.

10% or more

B.

30% or more

C.

50% or more

D.

70% or more

 

 

 

Which of the following statements best describes defined benefit (DB) plans?

A.

There is no promise of a specific benefit at retirement.

B.

Individual accounts must be maintained for each participant.

C.

They are often integrated with government-sponsored programs.

D.

Employees are at risk for financial resources.

 

 

 

If the beginning wage needed to recruit quality candidates for given job is higher than that of incumbents who have been with a company for some time, what type of pay adjustment should be used to correct this discrepancy?

A.

Cost-of-living

B.

Tenure

C.

Automatic

D.

Market

 

 

 

What is the final result of the job evaluation process?

A.

The job worth hierarchy

B.

The base pay structure

C.

Job documentation

D.

Job descriptions

 

 

 

When would an employee most likely receive a differential in addition to the regular hourly rate?

A.

When working in more than one department

B.

When working less time than his or her normal schedule

C.

When working in locations other than the corporate office

D.

When working a holiday or weekend

 

 

 

Which group typically has responsibility for final approval of the total rewards philosophy and strategy for the general employee population?

A.

External consultants

B.

Compensation committee

C.

Board of directors

D.

Senior management

 

 

 

Which of the following is the best definition of variable pay?

A.

Compensation that is given in the form of perquisites such as a company car, fitness membership, paid training, etc.

B.

Compensation that is nondiscretionary and does not vary according to performance or results

C.

Compensation that is contingent on discretion, performance or results

D.

Compensation that is determined by the organization's pay structure

 

 

 

As a general rule, how often should employees receive performance feedback?

A.

Once a year at the annual performance review

B.

Once a day, preferably early in the morning

C.

On an ongoing basis as appropriate

D.

Only as often as is comfortable for the supervisor

 

 

 

Employer-sponsored death benefits are most commonly based on which of the following?

A.

The size of the employee's family

B.

The employee's annual salary

C.

The employee's health history

D.

The employee's premium contributions

 

 

 

When building a job worth hierarchy, which step involves the systematic, formal study of the duties and responsibilities that comprise job content?

A.

Job analysis

B.

Job documentation

C.

Job evaluation

D.

Job worth hierarchy

 

 

Â