D355 Total RewardsQuestions with Verifed
Correct Answers
2-tier pay systems
assigns new hires and tenured employees to different pay scales based on seniority
360-degree feedback
evaluation method that gathers feedback from multiple sources, including the employee,
colleagues, clients, and vendors
absenteeism
frequent absence from work, often due to illness or personal reasons
action checklist
guidelines for establishing and evaluating incentive pay programs
Affordable Care Act (ACA)
legislation in 2010 that mandated healthcare coverage
agency theory
executives prioritize self-interest over shareholders
alternative health insurance programs
developed due to demand, cost, access, private enterprise, and government regulation
Americans with Disabilities Act (ADA)
legislation requiring job accommodation for individuals with disabilities
base pay
majority of pay for most incentivized employees
behavioral encouragement plans
rewarding positive employee behaviors to drive desired outcomes
,behavioral method
performance appraisal method that evaluates employees based on their job behaviors, requiring
continual updates to rating scales
benefit open enrollment
period for employees to select or change benefit options
benefits checklist
guides HR in administering benefits plans and keeping employees informed
Bennet Amendment
amendment addressing loopholes in the Equal Pay Act 1963 and Title VII to enhance protections
against wage discrimination
broadbanding
pay structure with fewer pay ranges and grades, offering more flexibility
broker role
assisting in selecting meaningful benefits and negotiating costs for employers
Civil Rights Act
legislation prohibiting discrimination based on race, color, religion, sex, or national origin in
employment practices
clawback provisions
enforced when performance targets are not met
clawback bonus
bonus returned due to unmet performance targets
COBRA
amendment to ERISA allowing employees to stay on healthcare plans post-employment
, common review system
solves missed deadlines but can burden organizations and managers with many direct reports
comparison approach
a performance appraisal method that ranks employees against each other, often leading to biased
assessments
compensable factors
characteristics like working conditions, skill, and responsibility that determine pay differentials
compensation analysts
professionals proposing incentive payments based on profitability
compensation checklist
tool to establish pay differentials based on job descriptions
compensation surveys
systematic data collection on compensation practices in the market
compensation trends
patterns in compensation changes within a geographic market or industry
competency-based pay
tied to mastering industry-specific skills and competencies, often following Department of Labor
models
consumer price index (CPI)
tracks changes in the cost of goods/services over time
CPI-Urban Consumers
reflects the spending of 88% of American consumers and represents most wage earners
CPI-Urban Wage Earners
Correct Answers
2-tier pay systems
assigns new hires and tenured employees to different pay scales based on seniority
360-degree feedback
evaluation method that gathers feedback from multiple sources, including the employee,
colleagues, clients, and vendors
absenteeism
frequent absence from work, often due to illness or personal reasons
action checklist
guidelines for establishing and evaluating incentive pay programs
Affordable Care Act (ACA)
legislation in 2010 that mandated healthcare coverage
agency theory
executives prioritize self-interest over shareholders
alternative health insurance programs
developed due to demand, cost, access, private enterprise, and government regulation
Americans with Disabilities Act (ADA)
legislation requiring job accommodation for individuals with disabilities
base pay
majority of pay for most incentivized employees
behavioral encouragement plans
rewarding positive employee behaviors to drive desired outcomes
,behavioral method
performance appraisal method that evaluates employees based on their job behaviors, requiring
continual updates to rating scales
benefit open enrollment
period for employees to select or change benefit options
benefits checklist
guides HR in administering benefits plans and keeping employees informed
Bennet Amendment
amendment addressing loopholes in the Equal Pay Act 1963 and Title VII to enhance protections
against wage discrimination
broadbanding
pay structure with fewer pay ranges and grades, offering more flexibility
broker role
assisting in selecting meaningful benefits and negotiating costs for employers
Civil Rights Act
legislation prohibiting discrimination based on race, color, religion, sex, or national origin in
employment practices
clawback provisions
enforced when performance targets are not met
clawback bonus
bonus returned due to unmet performance targets
COBRA
amendment to ERISA allowing employees to stay on healthcare plans post-employment
, common review system
solves missed deadlines but can burden organizations and managers with many direct reports
comparison approach
a performance appraisal method that ranks employees against each other, often leading to biased
assessments
compensable factors
characteristics like working conditions, skill, and responsibility that determine pay differentials
compensation analysts
professionals proposing incentive payments based on profitability
compensation checklist
tool to establish pay differentials based on job descriptions
compensation surveys
systematic data collection on compensation practices in the market
compensation trends
patterns in compensation changes within a geographic market or industry
competency-based pay
tied to mastering industry-specific skills and competencies, often following Department of Labor
models
consumer price index (CPI)
tracks changes in the cost of goods/services over time
CPI-Urban Consumers
reflects the spending of 88% of American consumers and represents most wage earners
CPI-Urban Wage Earners
