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WorldatWork GR1 Exam Syllabus Topics:
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NEW QUESTION 62
Which of the following statements is most accurate regarding pay grades/bands?
- A. They represent the difference between the midpoint and the maximum of a given salary grade
- B. They may overlap with minimums and maximums falling within adjoining grades
- C. They identify the actual compensation paid to each employee
- D. They include incentives that are paid out at certain times of the year
Answer: B
NEW QUESTION 63
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. 50% or more
- B. 10% or more
- C. 70% or more
- D. 30% or more
Answer: C
NEW QUESTION 64
What is the best example of a coaching or mentoring opportunity?
- A. On-line self-directed training
- B. Exposure to internal experts
- C. Participating in a major project
- D. Sabbatical
Answer: B
NEW QUESTION 65
What are usual, customary and reasonable charges (UCR)?
- A. The charges that are published annually in the Global Insurers' Medical Cost Comparison Guide
- B. The charges that are typically paid up front by a plan participant for services rendered.
- C. The charges that an insurance carrier determines are normal for a particular medical procedure within a specific geographical area
- D. The charges that are allowable for any given medical procedure with no pre-treatment authorization
Answer: C
NEW QUESTION 66
What is a primary purpose of pay grades or bands?
- A. To meet legal and regulatory requirements for classifying jobs according to market value
- B. To provide documentation that supports termination decisions
- C. To identify a compensation range in which to group multiple jobs with similar value
- D. To justify paying some employees less than market based on internal administrative limitations
Answer: C
NEW QUESTION 67
Cash compensation is a reward intended to provide what type of motivation?
- A. Intrinsic
- B. Extrinsic
Answer: B
NEW QUESTION 68
How is the performance review related to pay?
- A. It isn't. The performance review should not be related to pay decisions.
- B. It helps managers meet salary budgets by allowing them to adjust review results to align with available salary increase funds.
- C. It is related to the extent that it affects variable pay awards. Base pay is based solely on tenure, prior experience and job skills.
- D. It provides managers a measure that can be used along with salary planning guidelines to determine appropriate rewards or consequences.
Answer: D
NEW QUESTION 69
A company is sponsoring a diversity awareness fair for employees. Which category of work-life is the company trying to promote?
- A. Corporate citizenship
- B. Caring for dependents
- C. Internal sharing
- D. Culture change
Answer: D
NEW QUESTION 70
Which of the following best describes a form of base pay that is a fixed weekly, biweekly or monthly payment?
- A. Bonuses
- B. Salary
- C. Hourly rate
- D. Piece rate
Answer: B
NEW QUESTION 71
Which type of variable pay is best described by this statement: Criteria are discretionary and often defined in broad terms such as "exceptional customer service"?
- A. Commission
- B. Profit-sharing
- C. Recognition
- D. Bonus
Answer: C
NEW QUESTION 72
Which of the following is the most accurate statement about the business strategy?
- A. It usually is a secondary consideration in compensation design.
- B. It must be written after the company's operating plans are approved by senior management.
- C. It is the company's plan for competitive positioning of its products or services.
- D. It is developed for compensation, benefits and the work-life using the HR strategy as a basis.
Answer: C
NEW QUESTION 73
Which of the following represents one of the reasons why employers need to be aware of the organization's talent development needs?
- A. They should find out what training their employees need and schedule them for educational classes.
- B. They need to proactively take ownership of the career development of their employees.
- C. They must anticipate future workforce needs and provide learning opportunities to prepare employees for these roles.
- D. They must develop a career path for each employee and receive Board approval.
Answer: C
NEW QUESTION 74
Which of the following is a true statement about using recognition plans to drive business results?
- A. The behaviors organizations are seeking depends on what types of employees are hired.
- B. Employee basic salary needs must be met before they will begin to appreciate recognition awards.
- C. Provides managers a rationale for requesting an increase in departmental recognition budgets.
- D. Implementing a recognition plan in lieu of a competitive base pay plan will motivate employees to work harder.
Answer: B
NEW QUESTION 75
What is a disadvantage of delivering a merit increase as a percent of base pay?
- A. Employees with the same performance receive the same monetary increase.
- B. Employees with the same performance receive different monetary increases.
- C. Employees who are lower in the range receive larger monetary increases.
Answer: B
NEW QUESTION 76
What best defines career opportunities in relation to total rewards?
- A. Plans that may include advancement into more responsible positions within the organization
- B. Opportunities for employees to apply for open positions during a reduction in force
- C. Opportunities that promote career moves into competing organizations
- D. Plans for succession of roles and responsibilities of a particular position
Answer: A
NEW QUESTION 77
What are usual, customary and reasonable charges (UCR)?
- A. The charges that are published annually in the Global Insurers' Medical Cost Comparison Guide
- B. The charges that are typically paid up front by a plan participant for services rendered.
- C. The charges that an insurance carrier determines are normal for a particular medical procedure within a specific geographical area
- D. The charges that are allowable for any given medical procedure with no pre-treatment authorization
Answer: C
NEW QUESTION 78
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