T1: Total Rewards Management ACTUAL
QUESTIONS AND CORRRECT ANSWERS
elements of total rewards - Correct answers✔✔compensation, benefits, worklife, performance
and recognition, development and career opportunities
total rewards approach TRA - Correct answers✔✔attract, retain and motivate
intrinsic motivation - Correct answers✔✔linked to ee sense of achievement, respect for whole
person, trusta nd appropriate advancement opportunities,
extrinsic motivation - Correct answers✔✔associated with rewards that are tangible like pay
employee engagement - Correct answers✔✔behavorial and emotional and attitudinal
behavioral engagment characteristics - Correct answers✔✔working hard, working with
accurracy, going the extra mile, performing at optiminal level, executing, being productive,
becoming resilient, solving problems
emotional and attitudinal engagment characteristics - Correct answers✔✔aligning of one's goals
and values with those of the organization; connecting, committing, showing passion, feeling
invested in outcomes
advantages of TRA - Correct answers✔✔higher profitability, lower labor costs, greater flexibility
Total rewards strategy - Correct answers✔✔art of combining the five elements to achieve
optimal motivation. identifies: desired competitive position, appropriate labor market position,
, optimal mix of total rewards elements for each group, ways each element can be earned and
allocated.
Key players in Strategy Development - Correct answers✔✔Sr Management, Boards, HR
leadership, EE's, outside consultants.
Elements of compensation - Correct answers✔✔fixed and variable pay
Building a Job Worth Hierarchy - Correct answers✔✔job analysis, documentation and
evaluation, job worth heirarchy and this is used to create a base pay structure
Why conduct a job analysis - Correct answers✔✔develop JWH, document for training,
performance apprasials, identify job familes and career paths, identifity qualifications for
posting, complaince,
Types of Job Documentation - Correct answers✔✔Job Analysis questionaires, job family
matrices, job descriptions
job descriptions - Correct answers✔✔include the general nature of the work, level of the work
performed, job specifications
Market Based Job Evaluation - Correct answers✔✔common today, collection of data from
external to the organization used to help create the base pay structure
benchmark job - Correct answers✔✔standard job used to make comparisions, at least 50 of jobs
should be benchmarked, 70 of the job content must be similari
QUESTIONS AND CORRRECT ANSWERS
elements of total rewards - Correct answers✔✔compensation, benefits, worklife, performance
and recognition, development and career opportunities
total rewards approach TRA - Correct answers✔✔attract, retain and motivate
intrinsic motivation - Correct answers✔✔linked to ee sense of achievement, respect for whole
person, trusta nd appropriate advancement opportunities,
extrinsic motivation - Correct answers✔✔associated with rewards that are tangible like pay
employee engagement - Correct answers✔✔behavorial and emotional and attitudinal
behavioral engagment characteristics - Correct answers✔✔working hard, working with
accurracy, going the extra mile, performing at optiminal level, executing, being productive,
becoming resilient, solving problems
emotional and attitudinal engagment characteristics - Correct answers✔✔aligning of one's goals
and values with those of the organization; connecting, committing, showing passion, feeling
invested in outcomes
advantages of TRA - Correct answers✔✔higher profitability, lower labor costs, greater flexibility
Total rewards strategy - Correct answers✔✔art of combining the five elements to achieve
optimal motivation. identifies: desired competitive position, appropriate labor market position,
, optimal mix of total rewards elements for each group, ways each element can be earned and
allocated.
Key players in Strategy Development - Correct answers✔✔Sr Management, Boards, HR
leadership, EE's, outside consultants.
Elements of compensation - Correct answers✔✔fixed and variable pay
Building a Job Worth Hierarchy - Correct answers✔✔job analysis, documentation and
evaluation, job worth heirarchy and this is used to create a base pay structure
Why conduct a job analysis - Correct answers✔✔develop JWH, document for training,
performance apprasials, identify job familes and career paths, identifity qualifications for
posting, complaince,
Types of Job Documentation - Correct answers✔✔Job Analysis questionaires, job family
matrices, job descriptions
job descriptions - Correct answers✔✔include the general nature of the work, level of the work
performed, job specifications
Market Based Job Evaluation - Correct answers✔✔common today, collection of data from
external to the organization used to help create the base pay structure
benchmark job - Correct answers✔✔standard job used to make comparisions, at least 50 of jobs
should be benchmarked, 70 of the job content must be similari
