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T1-GR1 – Total Rewards Management Exam

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Showing 7–9 of 10 questions

Question 7

What best describes the compensation philosophy?

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    The compensation committee’s interpretation of how employees can best meet business objectives
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    Guidelines that determine the administration of compensation programs
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    Statement of what the organization believes about how people should be paid
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    Principles that guide the design of compensation programs
Question 8

If the beginning wage needed to recruit quality candidates for 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?

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    Cost-of-living
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    Tenure
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    Automatic
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    Market.
Question 9

Which of the following is a true statement about using recognition plans to drive business results?

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    Implementing a recognition plan in lieu of a competitive base pay will motivate employees to work harder.
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    Provides managers a rationale for requesting an increase in departmental recognition budgets.

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    The behaviors organizations are seeking depends on what type of employees are hired.
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    Employee basic salary needs must be met before they will begin to appreciate recognition awards.