Total Rewards Management Exam - GR1 Exam Practice Test

Question 1

Which of the following shows the proper sequence for development of the total rewards strategy?

A. Total rewards strategy HR strategy Business strategy Business mission

B. Business vision Business strategy HR strategy Total rewards strategy

C. HR strategy Business strategy Business vision Total rewards strategy

D. Business strategy Total rewards strategy Business mission HR strategy

Correct Answer: B

Question 2

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

A. Taxation has no effect on employee benefits; employers offer benefits for competitive reasons only.

B. Taxation is the primary reason that employers offer benefits; in the absence of tax incentives, employers would be unlikely to offer them.

C. Taxation affects the level of benefits offered, the source of benefits and the employer/employee cost-sharing basis.

Correct Answer: C

Question 3

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

A. General

B. Cost of living

C. Automatic

D. Merit

Correct Answer: A

Question 4

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

A. Compensation

B. Career opportunities

C. Benefits

D. Recognition

Correct Answer: D

Question 5

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

A. There is no promise of a specific benefit at retirement.

B. Employees are at risk for financial resources.

C. Individual accounts must be maintained for each participant.

D. They are often integrated with government-sponsored programs.

Correct Answer: D

Question 6

What is the final result of the job evaluation process?

A. The job worth hierarchy

B. The base pay structure

C. Job descriptions

D. Job documentation

Correct Answer: A

WorldatWork Total Rewards Management - GR1 Exam Practice Test