Worldatwork GR1 Exam Practice Test Instant Access

Question 1

Which of the following is the most frequently used form of job documentation?

ANature of work

BLevel of work

CJob descriptions

DJob specifications

Answer : C

Question 2

As a general rule, how often should employees receive performance feedback?

AOnce a year at the annual performance review

BOnce a day, preferably early in the morning

COn an ongoing basis as appropriate

DOnly as often as is comfortable for the supervisor

Answer : C

Question 3

What type of equity incentive gives employees the right to purchase company shares at a specified price?

AStock/share options

BStock/share grants

CRestricted stock/shares

DPerformance units

Answer : A

Question 4

Which of the following is an example of a demographic workforce change influencing benefits structures today?

AThe aging population

BPerceived value

CEmployee demands

DRising costs

Answer : A

Question 5

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

ATo achieve organizational cost savings through base pay reductions

BTo increase employee identification with the organization's success

CTo defer compensation expenses to future reporting periods

DTo reward individual employees for some significant contribution

Answer : B

Question 6

Which group typically has responsibility for final approval of the total rewards philosophy and strategy for the general employee population?

AExternal consultants

BCompensation committee

CBoard of directors

DSenior management

Answer : D

Question 7

How is the performance review related to pay?

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

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

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

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

Answer : D

Worldatwork Total Rewards Management GR1 Exam Practice Test