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Total 90 questions

Total Rewards Management Exam Questions and Answers

Question 1

Which of the following identifies appropriate labor market segments and desired competitive position in the market for each employee group?

Options:

A.

The mission statement

B.

The business strategy

C.

The total rewards strategy

D.

The organizational vision

 

 

 

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Question 2

Which of the following best describes severance allowances?

Options:

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

Question 3

How should learning opportunities to accomplish a career plan best be determined?

Options:

A.

By considering emerging and future trends in the employee's professional field

B.

By considering what opportunities would enable the employee to move to competing organizations

C.

By considering how much the employee likes his or her current position

D.

By considering the minimum competencies needed to move up to the next pay grade

 

 

 

Question 4

Which of the following best describes a form of base pay that is a fixed weekly, biweekly or monthly payment?

Options:

A.

Hourly rate

B.

Salary

C.

Piece rate

D.

Bonuses

 

 

 

Question 5

What does a performance standard specify?

Options:

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

 

 

 

Question 6

How should learning opportunities to enhance a current job best be determined?

Options:

A.

By each employee's pay grade

B.

By what is available on the annual development schedule

C.

By what is appropriate for the business and the job

D.

By what the manager thinks the employee should have

 

 

 

Question 7

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

Options:

A.

There is no promise of a specific benefit at retirement.

B.

Individual accounts must be maintained for each participant.

C.

They are often integrated with government-sponsored programs.

D.

Employees are at risk for financial resources.

 

 

 

Question 8

How is the performance review related to pay?

Options:

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 tenure, 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 to determine appropriate rewards or consequences.

 

 

 

Question 9

Which of the following best describes midpoint-to-midpoint differentials?

Options:

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

 

 

 

Question 10

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?

Options:

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.

 

 

 

Question 11

What is the final result of the job evaluation process?

Options:

A.

The job worth hierarchy

B.

The base pay structure

C.

Job documentation

D.

Job descriptions

 

 

 

Question 12

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

Options:

A.

General

B.

Cost of living

C.

Automatic

D.

Merit

 

 

 

Question 13

Which of the following is the best example of an advancement opportunity?

Options:

A.

Attendance at technology training

B.

Association membership

C.

Career ladder and pathway

D.

Compliance training

 

 

 

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Total 90 questions