Why are lump-sum increases generally used?
A. To control annual fixed costs from base pay adjustments
B. To elevate employees who are below the midpoint in the range
C. To reward employees under short-term incentive plans
D. To make up for benefits not provided by the organization.
Which of the following best describes severance allowances?
A. A portion of one's salary paid during reserve duty and military leave
B. A practice of paying a lump sum to employees during a company shutdown
C. A continuation of an employee's salary after termination
D. A continuation of a portion of an employee's salary to a beneficiary after the death of an employee
What does a performance standard specify?
A. The experience required to achieve the goal or objective
B. The reward that can be earned
C. The time required for satisfactory performance
D. The expected outcome.
Which of the following statements is most accurate regarding pay grades/bands?
A. They include incentives that are paid out at certain times of the year
B. They identify the actual compensation paid to each employee
C. They may overlap with minimums and maximums falling within adjoining grades
D. They represent the difference between the midpoint and the maximum of a given salary grade
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?
A. The supervisor should not have asked Carla to contribute to the job description. Job descriptions should be developed only by human resources and management.
B. The job description will be far more relevant than before because of the addition of duties that Carla has taken on over the years.
C. Although it is useful to have input from the job incumbent, care should be taken to avoid basing the job description on the specific individual who is filling the job.
Which of the following statements best describes defined contribution (DC) plans?
A. They require complex actuarial calculations and assumptions.
B. The benefit is based on a formula that considers pay and service.
C. They generally provide better benefits to employees with longer service.
D. The employee assumes the risk for the investments..
In general, what should occur first in the performance management process?
A. Conduct performance discussion
B. Define goals, standards and measures
C. Conduct career opportunities discussion
D. Determine rewards.
Which of the following is an example of a flexible work arrangement?
A. Compressed work week
B. Work redesign
C. Career flexibility
D. Full-time work.
Which of the following best describes a form of base pay that is a fixed weekly, biweekly or monthly payment?
A. Hourly rate
B. Salary
C. Piece rate
D. Bonuses
Which of the following shows the proper sequence for development of the total rewards strategy?
A. Business strategy Total rewards strategy Business mission HR strategy
B. HR strategy Business strategy Business vision Total rewards strategy
C. Business vision Business strategy HR strategy Total rewards strategy
D. Total rewards strategy HR strategy Business strategy Business mission
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