Worldatwork GR4 Exam Practice Test Instant Access

Question 1

What are the stages of the business life cycle?

AIntroduction, growth, maturity, decline

BPlanning, execution, evaluation, adjustment

CHiring, training, development, retention

DMarketing, sales, production, distribution

Answer : A

Question 2

What are the stages of base pay structure design?

AJob analysis, job evaluation, market analysis, pay structure design

BCompensation strategy, job pricing, salary surveys, pay range development

CPerformance management, talent acquisition, salary administration, salary reviews

DEmployee engagement, benefits administration, performance appraisals, pay adjustments

Answer : B

Question 3

What is salary base pay?

ACompensation based on the number of hours worked

BCompensation based on individual performance

CCompensation based on an annual salary

DCompensation based on market benchmarks

Answer : C

Question 4

What are the best applications of single rate pay?

AOrganizations with highly variable workloads

BUnionized environments with collective bargaining agreements

COrganizations with a strong emphasis on individual performance

DStart-up companies with limited financial resources

Answer : B

Question 5

What are disadvantages to focal point reviews?

APotential for inconsistency in pay review timing and difficulties in budgeting

BLimited impact on base salary and potential for pay compression

CInconsistency with market practices and potential for misunderstandings

DLack of transparency in pay decisions and reduced employee morale

Answer : A

Question 6

What is the basis for shift differential determination?

AThe employee's length of service with the company

BThe employee's job performance and productivity

CThe specific shifts or time periods worked by the employee

DThe employee's geographic location or cost of living

Answer : C

Question 7

What is a shareholder value added approach to pay for performance?

AA system that rewards employees based on their contributions to corporate social responsibility initiatives

BA method that evaluates performance based on market share growth

CAn approach that links rewards to the organization's stock performance

DA process that assigns performance ratings based on cost savings

Answer : C

Worldatwork GR4 Base Pay Administration and Pay for Performance Exam Practice Test