Pass the WorldatWork WorldatWork Other Certification GR4 Questions and answers with CertsForce

Increasing an employee's pay to match the market rate

Adjusting an employee's pay based on job performance

Reducing an employee's pay due to market downturn

Aligning employee salaries with inflation rates

Annual and quarterly

Biennial and ad hoc

Semi-annual and monthly

Seasonal and weekly

To establish pay differentials within a grade

To determine the market competitiveness of a pay structure

To provide flexibility in administering pay increases

To minimize compression and maintain pay progression

To link pay to performance in a manner consistent with the mission

To ensure that everyone in the organization receives a pay increase

To guarantee that unacceptable performers advance to the midpoint of the range

To annualize compensation costs for the organization

Ranking and classification

Skill-based pay and market pricing

Job evaluation and point factor analysis

Broadbanding and step progression

Compensation based on the number of hours worked

Compensation based on individual performance

Compensation based on an annual salary

Compensation based on market benchmarks

Determine market competitiveness, match jobs to market data, and assign point values

Administer salary surveys, calculate market percentiles, and establish pay ranges

Evaluate job content, determine job worth, and develop job classifications

Analyze market data, adjust pay ranges, and establish pay differentials

Variable compensation paid on a weekly basis to an employee

Fixed compensation paid to an employee for performing specific job responsibilities

The cash compensation paid for goal attainment

Payment based on an individual's rate of production.

Lump-sum bonuses

Retroactive adjustments

Base salary adjustments

In-kind benefits

By promoting teamwork and collaboration

By reducing hierarchical barriers

By encouraging innovation and risk-taking

By fostering a performance-driven culture