Test Your Knowledge

Total Rewards Management (Course T1)

Instructions: Choose an answer for each question and then click on the "Get Results" button at the end of the quiz.

1. Which of the following are three of the five elements of total rewards?
A. Base pay, variable pay and medical coverage
B. Development and career opportunities, work-life and benefits
C. Performance and recognition, health coverage and retirement plans
D. Attraction, motivation and retention

2. What is one of the advantages of taking a total rewards approach?
A. Ensures that the HR strategy will align with the business strategy
B. Ensures compliance with legal and regulatory requirements
C. Offers flexibility for customizing total rewards programs in unique proportions
D. Offers more career opportunities for HR professionals

3. Which of the following best describes the two primary elements of compensation?
A. Profit sharing and incentive pay
B. Financial and nonfinancial pay
C. Fixed and variable pay

4. What is the first step in building a job worth hierarchy?
A. Complete the job documentation
B. Complete a job analysis
C. Conduct a job evaluation
D. Build a base pay structure

5. Which of the following best describes the two primary elements of benefits programs?
A. Income protection and pay for time not worked
B. Health insurance and social security
C. Medical and dental plans

6. Which of the following is a major factor influencing the growth and change of employee benefits?
A. The availability and quality of internal data
B. The recent market data
C. The government

7. Which of the following best describes the need that work-life satisfies in the total rewards mix?
A. It provides a valuable experience for one’s resume.
B. It addresses employees’ intrinsic needs.
C. It provides retirement programs so employees can relax.

8. Which of the following include the four types of performance standards?
A. Quality, quantity, time, process
B. Quantity, effort, budget, quality
C. Time, effort, process, quality
D. Quality, time, resources, process

9. Which of the following best describes the term "development"?
A. Advancement into a more responsible position
B. Plan to pursue career goals
C. Opportunities to enhance employees’ applied skills and competencies
D. Deployment into a position where the employee can add the most value to the organization.

10. Which of the following best describes the business strategy?
A. A plan for the products that an organization will produce
B. An organization’s reason for existence or its purpose for being
C. A set of beliefs or values adopted by an organization
D. A broad plan for competitively positioning products supporting the mission

The Test Your Knowledge questions are intended to provide a small sample of the information covered in a particular course. Passing this test should not be considered an indicator that you also will pass the related certification exam. No portion of this document may be reproduced in any form without express written permission from WorldatWork. Copyright 2006 WorldatWork.

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