D355 HRM 3530
Talent Rewards
OBJECTIVE ASSESSMENT GUIDE
© WGU 2024/2025
,1. Multiple Choice: Which of the following is a key component of
Total Rewards Strategy?
a) Compensation
b) Benefits
c) Work-life balance
d) All of the above
Correct Answer: d) All of the above
Rationale: Total Rewards Strategy encompasses compensation,
benefits, and work-life balance, among other elements, to attract,
motivate, and retain employees.
2. Fill-in-the-Blank: ____________ is the process of evaluating the
worth of jobs in an organization to create a job hierarchy.
Correct Answer: Job evaluation
Rationale: Job evaluation is crucial in establishing a fair and
equitable pay structure.
3. True/False: Variable pay is a one-time reward and does not
become a part of the employee's base salary.
Correct Answer: True
© WGU 2024/2025
, Rationale: Variable pay is typically given as a bonus or incentive
and does not alter the base salary.
4. Multiple Response: Select all that apply. Which of the following
are types of equity-based compensation?
a) Stock options
b) Restricted stock
c) Performance shares
d) Employee stock purchase plan
Correct Answers: a), b), c), and d)
Rationale: All the options listed are common forms of equity-
based compensation used to align the interests of employees with
those of shareholders.
5. Multiple Choice: What is the primary purpose of a Total
Rewards Communication Plan?
a) To inform employees about their compensation and benefits
b) To ensure compliance with labor laws
c) To manage employee performance
d) To support recruitment efforts
Correct Answer: a) To inform employees about their
compensation and benefits
© WGU 2024/2025
Talent Rewards
OBJECTIVE ASSESSMENT GUIDE
© WGU 2024/2025
,1. Multiple Choice: Which of the following is a key component of
Total Rewards Strategy?
a) Compensation
b) Benefits
c) Work-life balance
d) All of the above
Correct Answer: d) All of the above
Rationale: Total Rewards Strategy encompasses compensation,
benefits, and work-life balance, among other elements, to attract,
motivate, and retain employees.
2. Fill-in-the-Blank: ____________ is the process of evaluating the
worth of jobs in an organization to create a job hierarchy.
Correct Answer: Job evaluation
Rationale: Job evaluation is crucial in establishing a fair and
equitable pay structure.
3. True/False: Variable pay is a one-time reward and does not
become a part of the employee's base salary.
Correct Answer: True
© WGU 2024/2025
, Rationale: Variable pay is typically given as a bonus or incentive
and does not alter the base salary.
4. Multiple Response: Select all that apply. Which of the following
are types of equity-based compensation?
a) Stock options
b) Restricted stock
c) Performance shares
d) Employee stock purchase plan
Correct Answers: a), b), c), and d)
Rationale: All the options listed are common forms of equity-
based compensation used to align the interests of employees with
those of shareholders.
5. Multiple Choice: What is the primary purpose of a Total
Rewards Communication Plan?
a) To inform employees about their compensation and benefits
b) To ensure compliance with labor laws
c) To manage employee performance
d) To support recruitment efforts
Correct Answer: a) To inform employees about their
compensation and benefits
© WGU 2024/2025
