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  4. GR1 - Total Rewards Management Exam

WorldatWork GR1 Total Rewards Management Exam Exam Practice Test

Demo: 13 questions
Total 90 questions
Get GR1 Full Access Download GR1 PDF

Total Rewards Management Exam Questions and Answers

Question 1

What best defines career opportunities in relation to total rewards?

Options:

A.

Plans for succession of roles and responsibilities of a particular position

B.

Opportunities that promote career moves into competing organizations

C.

Plans that may include advancement into more responsible positions within the organization

D.

Opportunities for employees to apply for open positions during a reduction in force

 

 

 

Question 2

Regarding medical plans, what is the out-of-pocket maximum?

Options:

A.

The most that the member will be liable for in relation to co-insurance

B.

The maximum the plan will pay if the member is covered by another insurance plan

C.

The limit the member will be required to pay at each doctor visit

D.

The lifetime limit for benefits to any one employee

 

 

 

Question 3

Which of the following shows the proper sequence for development of the total rewards strategy?

Options:

A.

Business strategy Total rewards strategy Business mission HR strategy

B.

HR strategy Business strategy Business vision Total rewards strategy

C.

Business vision Business strategy HR strategy Total rewards strategy

D.

Total rewards strategy HR strategy Business strategy Business mission

Question 4

What is a primary objective of profit-sharing and performance-sharing variable pay plans?

Options:

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

 

 

 

Question 5

Which of the following benefits are usually offered at the discretion of the employer?

Options:

A.

Retirement plans

B.

Unemployment insurance

C.

Social security programs

D.

Disability (occupational)

 

 

 

Question 6

Which statement is most accurate regarding the performance management process?

Options:

A.

It is a one-time event.

B.

Managers and supervisors should plan and measure performance without input or involvement from subordinates.

C.

Performance standards should be loosely defined, allowing great latitude in measurement.

D.

Mutual respect and trust should be the foundation of the relationship between managers and employees.

 

 

 

Question 7

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 8

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

 

 

 

Question 9

What is one of the primary elements of total rewards?

Options:

A.

Pay for time not worked

B.

Compensation

C.

Organizational culture

D.

Human resources strategy

 

 

 

Question 10

What type of performance standard specifies the steps necessary to complete a job duty?

Options:

A.

Quality

B.

Quantity

C.

Time

D.

Process

 

 

 

Question 11

At a company communications event, several employees 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?

Options:

A.

Link rewards to the performance evaluation

B.

Employ meaningful rewards

C.

Reward group or team accomplishments

D.

Make sure that measurement is accurate

 

 

 

Question 12

Which of the following is the most accurate statement about the business strategy?

Options:

A.

It usually is a secondary consideration in compensation design.

B.

It is the company's plan for competitive positioning of its products or services.

C.

It must be written after the company's operating plans are approved by senior management.

D.

It is developed for compensation, benefits and the work-life using the HR strategy as a basis.

 

 

 

Question 13

What best defines the organization's purpose or reason for existence?

Options:

A.

The corporate mission

B.

The business strategy

C.

The compensation strategy

D.

The corporate vision

 

 

 

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Demo: 13 questions
Total 90 questions
Get GR1 Full Access Download GR1 PDF