WorldatWork C1 - Regulatory Environments for Compensation Programs

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WorldatWork C1 Exam Syllabus Topics:

WorldatWork Regulatory Environments for Compensation Programs Sample Questions:

1. When would an employee most likely receive a differential in addition to the regular hourly rate?

A) When working in locations other than the corporate office
B) When working a holiday or weekend
C) When working less time than his or her normal schedule
D) When working in more than one department

2. What statement is most accurate regarding compensation communications with employees at varying levels?

A) They generally require a greater degree of detail for lower level employees who have less of an understanding of pay plan design.
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 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.
D) They tend to be fairly consistent because the elements of pay may differ, but the concerns are universal.

3. How do commissions typically differ from annual incentives for non-executive employees?

A) They are intended to align the interests of the employee with those of the organization.
B) They are based on a predetermined performance and reward schedule.
C) They are offered to motivate employee performance.
D) They tend to make up the larger portion of an employee's total compensation.

4. What best describes what forecasting helps the organization to do?

A) Prepare quarterly and annual reports and their associated statements
B) Recognize possible issues and concerns that will drive budget planning
C) Withhold payroll taxes for all elements of compensation
D) Anticipate future capital needs by determining when the organization will enter the next phase of the business lifecycle

5. Which government agency enforces the Sherman Antitrust Acton issues related to the workforce?

A) Department of Labor
B) Equal Employment Opportunity Commission
C) National Labor Relations Board
D) Office of Federal Contract Compliance Programs

Solutions: