Free T1-GR1 – Total Rewards Management Exam Practice Test Question

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  Coaching

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  Assessing

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  Rewarding

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  Grading
  
  

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  Taxation has no effect on employee benefits; employers offer benefits for competitive reasons only.

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  Taxation is the primary reason that employers offer benefits; in the absence of tax incentives, employers would be unlikely to offer them.

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  Taxation affects the level of benefits offered, the source of benefits and the employer/ employee cost-sharing basis.
  
  

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  Employees’ sense of belonging and identifying with the organization and its culture are enhanced.

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  Employees are rewarded only for exhibiting outgoing behaviors.

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  Rewarded employees receive higher ratings on performance reviews and therefore, larger increases.

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  Employees are rewarded for perfect attendance.
  
  

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  Job component

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  Ranking

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  Benchmark

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  Point factor
  
  

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  Fixed pay and variable pay

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  Base pay and annual incentives

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  Direct and indirect compensation
  

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  Salary and hourly rate.
  
  

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  Salary

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  Piece rate

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  Hourly rate

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  Commissions.
  
  

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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
  
  

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  Cost-of-living

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  Tenure

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  Automatic

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  Market.
  
  

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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.
  
  

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  10% or more

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  30% or more
  

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  50% or more

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  70% or more.