WorldatWork Global Remuneration Professional (GRP) GR1 Questions & Answers

• Question 41:

  Which statement is most accurate regarding a precaution to be taken in communicating total rewards statements?

  A. Avoid sending a total rewards statement to an employee's home address.

  B. Avoid summarizing each employee's complete total rewards package.

  C. Avoid arbitrarily setting a monetary value on intangible benefits that not all employees use.

  D. Avoid itemizing the value of benefits or work-life programs. Include only compensation.

  Correct Answer: C

• Question 42:

  Which of the following statement 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

  Correct Answer: C

• Question 43:

  To ensure compliance, pay decisions should be made based on which of the following?

  A. Recommendations of managers

  B. Job -related factors

  C. Amount of overtime employees are willing to work

  D. 360 degree feedback

  Correct Answer: B

• Question 44:

  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

  Correct Answer: B

• Question 45:

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

  A. Board of directors

  B. Employees

  C. Senior management

  D. Candidates for employment

  Correct Answer: B

• Question 46:

  What best describes the compensation philosophy?

  A. The compensation committee's interpretation of how employees can best meet business objectives

  B. Guidelines that determine the administration of compensation programs

  C. Statement of what the organization believes about how people should be paid

  D. Principles that guide the design of compensation programs

  Correct Answer: C

• Question 47:

  What does a total rewards strategy identify?

  A. The organization's reason for existence

  B. The optimal mix of reward elements

  C. The organization's primary competitors

  D. The organization's ability to pay for performance

  Correct Answer: B

• Question 48:

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

  A. Compensation

  B. Benefits

  C. Career opportunities

  D. Recognition

  Correct Answer: D

• Question 49:

  If an organization's business strategy is primarily focused on product/service leadership, which of the following will likely be one of the major objectives?

  A. Minimize waste and reward efficiency

  B. Provide dependability and ease of purchase

  C. Build bonds with targeted customers

  D. Create better ideas and commercialize them faster

  Correct Answer: B

• Question 50:

  Which is the most accurate description of the work-life effectiveness 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

  Correct Answer: B