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  • Exam Name: Total Rewards Management Exam
  • Last Update: Apr 23, 2024
  • Questions and Answers: 90
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GR1 Practice Exam Questions with Answers Total Rewards Management Exam Certification

Question # 6

Which of the following is typically considered a health care benefit?

A.

Defined benefit plan

B.

Death benefits

C.

Defined contribution plan

D.

Vision plan

 

 

 

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Question # 7

Upon which criterion are step increases typically based?

A.

Market adjustment

B.

Longevity

C.

Individual performance

D.

Skills

 

 

 

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Question # 8

Who is generally responsible for articulating the HR strategy?

A.

Human resources leadership

B.

Outside consultants

C.

Senior management

D.

Board of directors

 

 

 

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Question # 9

What employee needs are most commonly addressed by work-life programs?

A.

Financial

B.

Intrinsic

C.

Retirement

D.

Insurance

 

 

 

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Question # 10

What is continuing to contribute most to the current rise in the cost of benefits programs?

A.

Rising salaries for support staff

B.

Increasing cost of enterprise software systems

C.

Increasing cost of communication

D.

Rising costs for health care

 

 

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Question # 11

When using a market pricing approach to build a base pay structure, what percentage of job content should typically be similar for a job match to be considered good for benchmarking purposes?

A.

10% or more

B.

30% or more

C.

50% or more

D.

70% or more

 

 

 

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Question # 12

Which of the following statements is most accurate regarding pay grades/bands?

A.

They include incentives that are paid out at certain times of the year

B.

They identify the actual compensation paid to each employee

C.

They may overlap with minimums and maximums falling within adjoining grades

D.

They represent the difference between the midpoint and the maximum of a given salary grade

 

 

 

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Question # 13

What is a primary purpose of pay grades or bands?

A.

To identify a compensation range in which to group multiple jobs with similar value

B.

To meet legal and regulatory requirements for classifying jobs according to market value

C.

To provide documentation that supports termination decisions

D.

To justify paying some employees less than market based on internal administrative limitations

 

 

 

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