Total Rewards Management Exam (GR1) Practice Test

Questions # 21:

A medical benefits plan provision ensuring that the correct plan is paying expenses when the member is covered under more than one plan is known as what?

Options:

Deductible

Coinsurance

Coordination of benefits

Out-of-pocket expenses

Questions # 22:

In general, what should occur first in the performance management process?

Options:

Conduct performance discussion

Define goals, standards and measures

Conduct career opportunities discussion

Determine rewards

Questions # 23:

How is the performance review related to pay?

Options:

It isn't. The performance review should not be related to pay decisions.

It is related to the extent that it affects variable pay awards. Base pay is based solely on tenure, prior experience and job skills.

It helps managers meet salary budgets by allowing them to adjust review results to align with available salary increase funds.

It provides managers a measure that can be used along with salary planning guidelines to determine appropriate rewards or consequences.

Questions # 24:

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

Options:

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.

Questions # 25:

Why should the annual development and career opportunities discussion take place separately from the performance discussion?

Options:

To change the focus from reviewing past performance to planning for future performance

To allow the manager to rank the employee after the performance discussion

To allow both the manager and employee to have a "cooling off" period

To allow human resources adequate time to post new job opportunities

Questions # 26:

Which statement below most accurately describes a company that is using a total rewards approach?

Options:

Strives to find the appropriate mix of rewards elements that attract employees

Motivates employees through compensation levels much higher than the competition

Offers competitive benefits so that it can pay lower wages, minimizing compensation and related expenses

Hires highly motivated employees who are willing to do without work-life programs in favor of increased compensation

Questions # 27:

How do commissions typically differ from annual incentives for non-executive employees?

Options:

They are based on a predetermined performance and reward schedule.

They are offered to motivate employee performance.

They are intended to align the interests of the employee with those of the organization.

They tend to make up the larger portion of an employee's total compensation.

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