GR1 Total Rewards Management Exam Questions and Answers

Attendance at technology training

Association membership

Career ladder and pathway

Compliance training

Plans for succession of roles and responsibilities of a particular position

Opportunities that promote career moves into competing organizations

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

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

They require complex actuarial calculations and assumptions.

The benefit is based on a formula that considers pay and service.

They generally provide better benefits to employees with longer service.

The employee assumes the risk for the investments.

The mission statement

The business strategy

The total rewards strategy

The organizational vision

Compensation

Benefits

Career opportunities

Recognition

It usually is a secondary consideration in compensation design.

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

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

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

Salary

Piece rate

Hourly rate

Commissions

Avoid discussing them

Focus the entire appraisal on the areas that need attention

Balance every deficiency with a compliment, even if the compliments are for minor accomplishments

Provide specific information about deficiencies that affect performance

The human resources strategy

The business strategy

The business vision

The total rewards strategy

Business strategy Total rewards strategy Business mission HR strategy

HR strategy Business strategy Business vision Total rewards strategy

Business vision Business strategy HR strategy Total rewards strategy

Total rewards strategy HR strategy Business strategy Business mission