How far do broad banded pay ranges stretch from minimum to maximum?
A. 10% to 30%
B. 30% to 50%
C. 50% to 100%
D. 100% to 300%.
How is the performance review related to pay?
A. It isn't. The performance review should not be related to pay decisions.
B. It is related to the extent that it affects variable pay awards. Base pay is based solely on te nure, prior experience and job skills.
C. It helps managers meet salary budgets by allowing them to adjust review results to align with available salary increase funds.
D. It provides managers a measure that can be used along with salary planning guidelines.
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?
A. Deductible
B. Coinsurance
C. Coordination of benefits
D. Out-of-pocket expenses.
What is a primary objective of profit-sharing and performance-sharing variable pay plans?
A. To achieve organizational cost savings through base pay reductions
B. To increase employee identification with the organization's success
C. To defer compensation expenses to future reporting periods
D. To reward individual employees for some significant contribution.
Which is the most accurate description of the work-life element of total rewards?
A. Cash provided by an employer to an employee for his or her efforts and results toward completion of goals
B. Organizational practices, policies and programs to help employees achieve success within and outside of the workplace
C. Alignment of organizational, team and individual efforts toward success
D. Learning experiences designed to enhance employees' skills and competencies.
What is a shared leave program?
A. A contribution of money to a nonprofit entity where a company employee volunteers
B. A donation of vacation time to others facing emergency situations
C. An arrangement to ensure adequate coverage of service during employees' vacations
D. An executive loan to worthy organizations for a period of time.
An employee and his manager have decided that he will type reports with no more than one error per five pages. Which type of performance standard are they using?
A. Quality
B. Time
C. Process
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 method of job evaluation uses a "whole -job" approach to determine the importance of each job to the company?
A. Job component
B. Ranking
C. Benchmark
D. Point factor.
Which of the following best describes midpoint-to-midpoint differentials?
A. The ordering of jobs from highest to lowest
B. The market wage for a particular job compared to a specific company's wage for the job
C. The adjustments to midpoints based on geographic differentials
D. The difference in wage rates paid at the midpoint of two adjacent grades.
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