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WorldatWork Regulatory Environments for Compensation Programs Sample Questions:
1. What statement is most accurate regarding compensation communications with employees at varying levels?
A) They should be kept to a minimum for employees at all levels to maximize efficiency and efforts can be focused only on those who have questions.
B) They usually require more detail for senior employees regarding plan details and performance and the needs from one employee group to another can vary greatly.
C) They tend to be fairly consistent because the elements of pay may differ, but the concerns are universal.
D) They generally require a greater degree of detail for lower level employees who have less of an understanding of pay plan design.
2. What statement is most accurate regarding communication of compensation information?
A) Compensation terms and practices are unclear to most individuals who do not work in this area and communication should be tailored to the least informed member of the target audience.
B) The ready availability of information online has made it unnecessary for compensation professionals to tailor messages since individuals can research terms and concepts after the fact if they don't understand a communication.
C) Compensation terms are well-known and easily understood by most stakeholders.
D) Compensation professionals should anticipate the level of the audience and tailor messages to their needs.
3. Which type of base pay is typically based on an individual employee's rate of production?
A) Production rate
B) Hourly rate
C) Salary
D) Piece rate
4. How are the compensation communication needs of managers different from those of individual employees?
A) They aren't. Managers are concerned about their compensation also.
B) They have more duties and responsibilities and are less likely to have the time to discuss compensation issues.
C) They tend to have more influence, so it is important to resolve any concerns they have quickly and efficiently.
D) They are also responsible for merit increases, incentives and hiring so they have greater information needs.
5. What is the term for the skills, technologies, applications and practices of continuous iterative exploration and investigation of past business performance used to gain insight and drive business planning?
A) Predictive modeling
B) Business forecasting
C) Statistical analysis
D) Business analytics
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: D |
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