Question 1

Which of the following is a typical approach used to correct green circle rates?

Options :

A : Giving increases less frequently than the normal schedule

B : Lowering the pay and giving the amount outside the range as a lump sum

C : Granting 3% increases every four months until pay equals or exceeds the range minimum

D : Giving the amount below minimum in a lump sum

Answer: A

Question 2

Which of the following best defines base pay?

Options :

A : Variable compensation paid on a weekly basis to an employee

B : Fixed compensation paid to an employee for performing specific job responsibilities

C : The cash compensation paid for goal attainment

D : Payment based on an individual-s rate of production.

Answer: B

Question 3

What are considerations for general increases and COLAs?

Options :

A : Employee tenure

B : Market trends

C : Organizational performance

D : Legislative changes

Answer: B

Question 4

What are considerations for geographic pay differentials?

Options :

A : Cost of living variations and local labor markets

B : Individual performance ratings and merit-based pay

C : Skill development and career progression opportunities

D : Budget constraints and financial sustainability

Answer: A

Question 5

How is range spread calculated?

Options :

A : By subtracting the grade minimum from the grade maximum

B : By comparing the market value to the internal pay range

C : By evaluating the pay compression within the grade

D : By considering the organization-s profitability

Answer: A

Higher Test Marks with Free Online C4 Exam Practice