When using a market pricing approach to build a base pay structure, what percentage of job content should typically be similar for a job match to be considered good for benchmarking purposes?
A. 10% or more
B. 30% or more
C. 50% or more
D. 70% or more.
What is a primary purpose of pay grades or bands?
A. To identify a compensation range in which to group multiple jobs with similar value
B. To meet legal and regulatory requirements for classifying jobs according to market value
C. To provide documentation that supports termination decisions
D. To justify paying some employees less than market based on internal administrative limitations
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 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..
When an employee is sacrificing his or her personal life to manage job responsibilities, what is the first area of work-life that should be examined?
A. Financial support
B. Community involvement
C. Workplace flexibility
D. Use of paid time off.
Which of the following is an organization's statement about what it wants to become?
A. Corporate vision
B. Corporate mission
C. Business strategy
D. Human resources strategy
If the beginning wage needed to recruit quality candidates for a given job is higher than that of incumbents who have been with a company for some time, what type of pay adjustment should be used to correct this discrepancy?
A. Cost-of-living
B. Tenure
C. Automatic
D. Market
Which of the following is an example of a demographic workforce change influencing benefits structures today?
A. The aging population
B. Perceived value
C. Employee demands
D. Rising costs
Work-life effectiveness includes a philosophy that actively supports which of the following?
A. Employees' efforts to telework whenever they wish
B. Efforts to help employees achieve success both at work and at home
C. Organizational business objectives
D. The Board's attempt to influence the company's day-to-day operations
At a company communications event, several employed were awarded certificates for their roles in improving customer service. Later, their manager noticed some of the certificates in the trash bin. Which
essential element for success did the manager miss?
A. Link rewards to the performance evaluation
B. Employ meaningful rewards
C. Reward group or team accomplishments
D. Make sure that measurement is accurate
