GR1 Total Rewards Management Exam Questions and Answers

To identify job families and career paths

To rate the performance of specific employees

To determine appropriate benefits options

The ordering of jobs from highest to lowest

The market wage for a particular job compared to a specific company's wage for the job

The adjustments to midpoints based on geographic differentials

The difference in wage rates paid at the midpoint of two adjacent grades

At established dates and then every six months thereafter

On January 1 and July 1 of each year

Once when they move a step, and again when the step value changes

At the anniversary date and at the annual merit increase date

Performance standards

Human resources strategy

Performance measures

Business strategy

Quality

Time

Process

Nature of work

Level of work

Job descriptions

Job specifications

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

They identify the actual compensation paid to each employee

They may overlap with minimums and maximums falling within adjoining grades

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

The most that the member will be liable for in relation to co-insurance

The maximum the plan will pay if the member is covered by another insurance plan

The limit the member will be required to pay at each doctor visit

The lifetime limit for benefits to any one employee

Financial support

Community involvement

Workplace flexibility

Use of paid time off

Deductible

Coinsurance

Coordination of benefits

Out-of-pocket expenses