WorldatWork GR1 Dumps (V8.02) for Your Total Rewards Management Exam Preparation: Pass Your Exam on the First Attempt

1. 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?

2. What is one of the primary elements of total rewards?

3. Which is the most accurate description of the work-life element of total rewards?

4. Which of the following is primarily focused on giving special attention to employee actions, efforts, behavior or performance?

5. Which statement below most accurately describes a company that is using a total rewards approach?

6. Cash compensation is a reward intended to provide what type of motivation?

7. Which of the following phrases best describes behavioral engagement by employees?

8. Why is greater flexibility an advantage of a total rewards approach?

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

10. What does a total rewards strategy identify?

11. Who is generally responsible for articulating the HR strategy?

12. Which of the following is the best source for identifying the relative importance of various rewards elements to different work groups?

13. Which of the following identifies appropriate labor market segments and desired competitive position in the market for each employee group?

14. What best describes the two primary elements of compensation?

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

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

17. What is the final result of the job evaluation process?

18. Which of the following is a nonquantitative method of job evaluation?

19. Which of the following best describes one of the purposes of job analysis?

20. Which of the following is the most frequently used form of job documentation?

21. Carla's job at the XYZ Company evolved over the many years she worked there. As she gained additional knowledge and skills, her responsibilities expanded into many diverse areas. When the time came to update her job description, her supervisor asked Carla to document all of the duties she performed in her area as well as those she had taken on over the years due to her versatility.

Based on the above, which of the following statements is most accurate?

22. What phrase below best describes a benchmark job?

23. 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?

24. Which method of job evaluation uses a "whole-job" approach to determine the importance of each job to the company?

25. What is a primary purpose of pay grades or bands?

26. Which of the following best describes midpoint-to-midpoint differentials?

27. Which of the following statements is most accurate regarding pay grades/bands?

28. The number of pay structures in an organization is most likely to be influenced by which of the following?

29. How far do broad banded pay ranges stretch from minimum to maximum?

30. Which type of base pay is typically based on an individual employee's rate of production?

31. Which of the following best describes a form of base pay that is a fixed weekly, biweekly or monthly payment?

32. Why are lump-sum increases generally used?

33. Step-rate increase programs provide employees the opportunity to receive two regular pay increases at which points?

34. Upon which criterion are step increases typically based?

35. What type of pay increase is given when an organization finds that its compensation program is behind competitive market rates?

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

37. Which of the following is a type of variable pay?

38. Which of the following is a type of variable pay?

39. How do commissions typically differ from annual incentives for non-executive employees?

40. What is a primary objective of profit-sharing and performance-sharing variable pay plans?

41. What type of equity incentive gives employees the right to purchase company shares at a specified price?

42. Which of the following are the two primary elements of benefits?

43. Which of the following benefits are usually offered at the discretion of the employer?

44. Which statement is most accurate regarding the effect of taxation on the benefits that employers offer?

45. Which of the following best describes a factor that has influenced the growth and change in benefits?

46. Regarding medical plans, what is the out-of-pocket maximum?

47. What are usual, customary and reasonable charges (UCR)?

48. A medical benefits plan provision ensuring that the correct plan is paying expenses when the member is covered under more than one plan is known as what?

49. Which of the following is typically considered a health care benefit?

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