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Free GR1 Exam Braindumps (page: 8)

Page 7 of 34
PDF with 133 Questions

What is a primary purpose of pay grades or bands?

  1. To identify a compensation range in which to group multiple jobs with similar value
  2. To meet legal and regulatory requirements for classifying jobs according to market value
  3. To provide documentation that supports termination decisions
  4. To justify paying some employees less than market based on internal administrative limitations

Answer(s): A



Which of the following best describes midpoint-to-midpoint differentials?

  1. The ordering of jobs from highest to lowest
  2. The market wage for a particular job compared to a specific company's wage for the job
  3. The adjustments to midpoints based on geographic differentials
  4. The difference in wage rates paid at the midpoint of two adjacent grades

Answer(s): D



Which of the following statements is most accurate regarding pay grades/bands?

  1. They include incentives that are paid out at certain times of the year
  2. They identify the actual compensation paid to each employee
  3. They may overlap with minimums and maximums falling within adjoining grades
  4. They represent the difference between the midpoint and the maximum of a given salary grade

Answer(s): C



The number of pay structures in an organization is most likely to be influenced by which of the following?

  1. The diversity of jobs
  2. The demographics of the workforce
  3. The organization's financial condition
  4. The organizations policies regarding centralized pay administration

Answer(s): A






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