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WorldatWork C1 Exam Syllabus Topics:

WorldatWork Regulatory Environments for Compensation Programs Sample Questions:

1. As a general rule, what are individual contributors most likely to ask about their compensation?

A) What the take-home pay will be
B) How their pay compares to co-workers
C) How the company sets compensation budgets
D) How the company makes pay decisions that affect them

2. How do commissions typically differ from annual incentives for non-executive employees?

A) They are offered to motivate employee performance.
B) They are based on a predetermined performance and reward schedule.
C) They tend to make up the larger portion of an employee's total compensation.
D) They are intended to align the interests of the employee with those of the organization.

3. Which of the following statements best describes defined contribution (DC) plans?

A) They require complex actuarial calculations and assumptions.
B) The employee assumes the risk for the investments.
C) They generally provide better benefits to employees with longer service.
D) The benefit is based on a formula that considers pay and service.

4. What type of equity incentive gives employees the right to purchase company shares at a specified price?

A) Restricted stock/shares
B) Performance units
C) Stock/share options
D) Stock/share grants

5. When trying to achieve compromise and collaboration to achieve your goals, on which stakeholder(s) should you focus most of your efforts?

A) Influencers and decision-makers who have the respect of employees and are both proponents and opponents of your objectives
B) Individuals with power in the organization who have the authority to overrule the concerns of opponents
C) No one person. Identify your stakeholders and work to achieve consensus among the majority.
D) The most senior leader with the highest level of authority

Solutions: