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C1 Exam Dumps : Regulatory Environments for Compensation Programs

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Regulatory Environments for Compensation Programs Questions and Answers

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Question 1

Which of the following best describes the most likely perspectives of different groups in the organization that compensation professionals must be aware of?

Options:

A.

Investors and Finance want to see money spent wisely. Legal must ensure compliance, and HR and operating departments want to see their needs taken into account to attract, retain and motivate a high quality workforce.

B.

Operating departments and HR understand the company must live within its means and Finance cannot allocate funds to a budget if it is likely that profitability will be adversely affected.

C.

Investors want to maximize gains and want to see compensation tightly controlled and Legal needs to ensure that compensation plans do not attract undue scrutiny.

D.

Operating departments view compensation as it applies to them, HR must balance available resources to attract, retain and motivate employees and Finance knows the value of a motivated workforce and will provide the budget necessary to achieve it.

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Question 2

Which of the following is typically considered a health care benefit?

Options:

A.

Defined benefit plan

B.

Death benefits

C.

Defined contribution plan

D.

Vision plan   

Question 3

Which type of base pay is typically based on an individual employee's rate of production?

Options:

A.

Hourly rate

B.

Salary

C.

Piece rate

D.

Production rate   

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