Total Rewards Quiz

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Test your Total Rewards knowledge

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Marwa Agha

Egypt

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Total Rewards Quiz


Total Rewards QuizOnline version Test your Total Rewards knowledge by Marwa Agha 1 Balancing operating costs with the need to attract quality workers using salary surveys and market pricing is the concept of Market Conformity (External Competitiveness). Yes No 2 Cost-sharing means the employer bears less cost and shifts most of the burden to employees. Yes No 3 The 9/80 work schedule entails 80 hours over 9 days in a two-week period with the 10th day off. Yes No 4 In a Total Rewards Statement, employer contributions to medical insurance premiums and retirement plans are classified as Monetary Benefits. Yes No 5 In a Lump-Sum Increase (LSI), the increase permanently raises the employee's base pay. Yes No 6 When launching a Total Rewards Statement, educating employees and managers about the rewards and the statement's objectives is essential. Yes No 7 Under a Total Rewards Statement, subsidized educational programs and company cars are categorized as Non-Financial Rewards. Yes No 8 When defining a competitive pay level for Market Conformity, a key factor to evaluate is the point-factor score of individual employee performance appraisals. Yes No 9 The first step to differentiate rewards is to segment the workforce by identifying critical roles and skill sets. Yes No 10 WorldatWork's core components of Total Rewards include Compensation, Benefits, Wellbeing, Recognition and Development. Yes No 11 Job Ranking is a simple, non-quantitative method that arranges jobs in a hierarchy based on perceived value. Yes No 12 To differentiate rewards, the first step is to enforce transparent policies across all departments. Yes No 13 Total Rewards core components include Guaranteed Lifetime Employment. Yes No 14 A Defined Benefit plan is a payout that depends on investments and market returns. Yes No 15 Benchmark jobs are standard roles representative of jobs found across many organizations. Yes No 16 Establishing a pay level for market conformity involves evaluating: labor market competition, product market conditions, and organizational characteristics. Yes No 17 The compa-ratio is calculated as Salary ÷ Midpoint. Yes No 18 Profit-sharing plans suffer from a major weakness: a lack of perceived Line of Sight between daily tasks and bottom-line results. Yes No 19 EAPs are primarily about providing travel costs and plane tickets for an employee's caregiver during business trips. Yes No 20 Line of Sight in incentive design means employees clearly understand how their daily efforts drive the required outcomes. Yes No 21 Broadbanding increases centralized HR control over daily compensation decisions. Yes No 22 Internal Equity is primarily driven by market forces and the labor supply; External Equity is a measure of internal worth. Yes No 23 Best practice for multinationals is to use a single universal global salary structure with identical pay ranges for all staff globally. Yes No 24 Profit-sharing plans automatically ensure every employee sees tangible direct impact from their daily work. Yes No

Total Rewards Quiz

Yes or No

About this activity

Created by

Download the paper version to play

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Yes or No

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Total Rewards QuizOnline version

by Marwa Agha

Balancing operating costs with the need to attract quality workers using salary surveys and market pricing is the concept of Market Conformity (External Competitiveness).

Cost-sharing means the employer bears less cost and shifts most of the burden to employees.

The 9/80 work schedule entails 80 hours over 9 days in a two-week period with the 10th day off.

In a Total Rewards Statement, employer contributions to medical insurance premiums and retirement plans are classified as Monetary Benefits.

In a Lump-Sum Increase (LSI), the increase permanently raises the employee's base pay.

When launching a Total Rewards Statement, educating employees and managers about the rewards and the statement's objectives is essential.

Under a Total Rewards Statement, subsidized educational programs and company cars are categorized as Non-Financial Rewards.

When defining a competitive pay level for Market Conformity, a key factor to evaluate is the point-factor score of individual employee performance appraisals.

The first step to differentiate rewards is to segment the workforce by identifying critical roles and skill sets.

WorldatWork's core components of Total Rewards include Compensation, Benefits, Wellbeing, Recognition and Development.

Job Ranking is a simple, non-quantitative method that arranges jobs in a hierarchy based on perceived value.

To differentiate rewards, the first step is to enforce transparent policies across all departments.

Total Rewards core components include Guaranteed Lifetime Employment.

A Defined Benefit plan is a payout that depends on investments and market returns.

Benchmark jobs are standard roles representative of jobs found across many organizations.

Establishing a pay level for market conformity involves evaluating: labor market competition, product market conditions, and organizational characteristics.

The compa-ratio is calculated as Salary ÷ Midpoint.

Profit-sharing plans suffer from a major weakness: a lack of perceived Line of Sight between daily tasks and bottom-line results.

EAPs are primarily about providing travel costs and plane tickets for an employee's caregiver during business trips.

Line of Sight in incentive design means employees clearly understand how their daily efforts drive the required outcomes.

Broadbanding increases centralized HR control over daily compensation decisions.

Internal Equity is primarily driven by market forces and the labor supply; External Equity is a measure of internal worth.

Best practice for multinationals is to use a single universal global salary structure with identical pay ranges for all staff globally.

Profit-sharing plans automatically ensure every employee sees tangible direct impact from their daily work.