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Global Remuneration Professional (GRP) GR1 Try it now!
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GR1 PDF DEMO:
QUESTION NO: 1
The number of pay structures in an organization is most likely to be influenced by which of the following?
A. The diversity of jobs
B. The demographics of the workforce
C. The organization's financial condition
D. The organizations policies regarding centralized pay administration
Answer: A
QUESTION NO: 2
Which of the following is a type of variable pay?
A. Salary
B. Piece rate
C. Hourly rate
D. Commissions
Answer: D
QUESTION NO: 3
Which of the following best describes a factor that has influenced the growth and change in benefits?
A. There is a decreasing number of females in the workforce.
B. Employees are expressing a greater desire for choice in their benefits.
C. Employees have longer career expectations.
D. Decreasing costs are causing growth in the numbers of benefits employers offer.
Answer: B
QUESTION NO: 4
What are usual, customary and reasonable charges (UCR)?
A. The charges that an insurance carrier determines are normal for a particular medical procedure within a specific geographical area
B. The charges that are published annually in the Global Insurers' Medical Cost Comparison Guide
C. The charges that are allowable for any given medical procedure with no pre-treatment authorization
D. The charges that are typically paid up front by a plan participant for services rendered.
Answer: A
QUESTION NO: 5
What does a total rewards strategy identify?
A. The organization's reason for existence
B. The optimal mix of reward elements
C. The organization's primary competitors
D. The organization's ability to pay for performance
Answer: B
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Updated: May 26, 2022