B1 Exam Dumps - Regulatory Environments for Benefits Programs

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Question # 4

Which of the following is a type of variable pay?

Pay for time not worked

Hourly pay

Bonuses

Piece rateÂ Â Â

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Question # 5

Which of the following is appropriate when an employee is required by the employer to attend training as a condition of employment?

Appropriate study time does not count as hours worked regardless of the educational level of the training program.

No training time is considered hours worked even if it is a condition of employment, since the employee is free to leave the company.

Only educational programs focused on remedial education (up to eighth grade) can be excluded from the 40-hr criteria for time and a half.

Even when the training is required, as long as the classes are outside working time and not on company property, they are not hours worked.

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Question # 6

Which of the following are the two primary elements of benefits?

Mental health coverage and health care coverage

Pay for time not worked and income protection programs

Unemployment and disability

Defined contribution and defined benefits plansÂ Â Â

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Question # 7

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

They are based on a predetermined performance and reward schedule.

They are offered to motivate employee performance.

They are intended to align the interests of the employee with those of the organization.

They tend to make up the larger portion of an employee's total compensation.Â Â Â

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Question # 8

Which of the following best describes the most likely perspectives of different groups in the organization that compensation professionals must be aware of?

Investors and Finance want to see money spent wisely. Legal must ensure compliance, and HR and operating departments want to see their needs taken into account to attract, retain and motivate a high quality workforce.

Operating departments and HR understand the company must live within its means and Finance cannot allocate funds to a budget if it is likely that profitability will be adversely affected.

Investors want to maximize gains and want to see compensation tightly controlled and Legal needs to ensure that compensation plans do not attract undue scrutiny.

Operating departments view compensation as it applies to them, HR must balance available resources to attract, retain and motivate employees and Finance knows the value of a motivated workforce and will provide the budget necessary to achieve it.

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