Ch. 13 · Practice
Total Rewards
- Question 1 · Knowledge
An employee earns $72,600. Her pay range is $55,000 to $77,000. What is her compa-ratio?
- Question 2 · Knowledge
A company deliberately pays 10% above market to attract scarce data scientists. Its pay strategy for these jobs is:
- Question 3 · Knowledge
Which job evaluation method assigns points to compensable factors such as skill, effort, responsibility and working conditions?
- Question 4 · Knowledge
A long-tenured employee's pay is above the maximum of his range after a market adjustment lowered the range. His pay is:
- Question 5 · Knowledge
Which account is owned by the employee, stays with them if they change jobs, and requires enrollment in a high-deductible health plan?
- Question 6 · Knowledge
In a defined benefit plan, who bears the investment risk?
- Question 7 · Knowledge
Under ERISA, the maximum cliff vesting period for employer contributions to a 401(k) plan is:
- Question 8 · Knowledge
Plant employees receive a share of the cost savings their productivity suggestions produce. This is:
- Question 9 · Situational judgment
New hires in a role are being offered salaries close to those of employees with five years' experience, and experienced employees are frustrated. What is the BEST first step?
- Question 10 · Knowledge
An expatriate's compensation is designed so that her purchasing power matches what she had in her home country. This is the:
- Question 11 · Knowledge
Which benefit is legally required for most U.S. employers?
- Question 12 · Knowledge
A pay range is $40,000 to $60,000. An employee earns $45,000. What is the range penetration?