(WGU C236) HRM 3600 Compensation & Benefits - FA Pre Test Guide (WGU C236) HRM 3600 Compensation & Benefits - FA Pre Test Guide (WGU C236) HRM 3600 Compensation & Benefits - FA Pre Test Guide (WGU C236) HRM 3600 Compensation & Benefits - FA Pre Test Guide
,1. Multiple Choice: What is the primary objective of a total rewards
strategy?
a) Employee satisfaction
b) Cost reduction
c) Strategic alignment
d) Compliance with laws
Correct Answer: c) Strategic alignment
Rationale: A total rewards strategy is designed to align a
company's business goals with the rewards offered to employees,
ensuring that the compensation and benefits support the overall
business strategy.
2. Fill-in-the-Blank: The __________ model is a framework for
designing compensation systems that align employee performance
with company goals.
Correct Answer: Pay-for-Performance
Rationale: The Pay-for-Performance model incentivizes
employees to perform at their best by aligning their rewards with
their performance outcomes.
, Rationale: Equity theory posits that employees are motivated not
just by the absolute amount of compensation but also by how fair
they perceive their compensation relative to others.
4. Multiple Response: Which of the following are key components
of an effective benefits communication strategy? (Select all that
apply)
a) Clarity
b) Frequency
c) Customization
d) Complexity
Correct Answers: a) Clarity, b) Frequency, c) Customization
Rationale: Effective benefits communication should be clear,
frequent, and customized to the audience's needs. Complexity can
hinder understanding and engagement.
5. Multiple Choice: In the context of benefits, what does the term
"portability" refer to?
a) The ability to transfer benefits from one employer to another
b) The ease of accessing benefits information
c) The flexibility in choosing benefits
d) The scalability of benefits packages
, Correct Answer: a) The ability to transfer benefits from one
employer to another
Rationale: Portability allows employees to maintain certain
benefits even when they change employers, providing a sense of
security and continuity.
6. Fill-in-the-Blank: A __________ is a pre-tax benefit account
used to pay for eligible healthcare expenses.
Correct Answer: Flexible Spending Account (FSA)
Rationale: An FSA allows employees to save pre-tax dollars to
pay for out-of-pocket healthcare costs, reducing their taxable
income.
7. True/False: Non-monetary benefits are typically less impactful
than monetary benefits in terms of employee retention.
Correct Answer: False
Rationale: Non-monetary benefits, such as work-life balance and
professional development opportunities, can be highly effective in
retaining employees and enhancing job satisfaction.
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