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GR1 - Total Rewards Management Exam

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GR1 Questions and Answers

Question # 1

Why are lump-sum increases generally used?


To control annual fixed costs from base pay adjustments


To elevate employees who are below the midpoint in the range


To reward employees under short-term incentive plans


To make up for benefits not provided by the organization




Question # 2

Which statement below most accurately describes a company that is using a total rewards approach?


Strives to find the appropriate mix of rewards elements that attract employees


Motivates employees through compensation levels much higher than the competition


Offers competitive benefits so that it can pay lower wages, minimizing compensation and related expenses


Hires highly motivated employees who are willing to do without work-life programs in favor of increased compensation




Question # 3

Which of the following is a nonquantitative method of job evaluation?


Point factor




Job content






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