Mark is an HR Professional for his organization and he has been given the assignment to create an Affirmative Action Plan for his company. Mark will also be considered to be designated the responsibility for this Affirmative Action Plan. What does the designation of responsibility mean?

• A.It means that Mark will be the person that reports on the plan's implementation to management
• B.It means that Mark will be the person responsible for actually implementing the plan
• C.It means that Mark will be the person that reports on the plan's implementation to the Department of Labor
• D.It means that Mark will be the manager for all Affirmative Action scenarios and issues within his company

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Which of the following identifies the knowledge, skills, and abilities needed to meet the
future needs?

• A.Workforce goals
• B.Job analysis and description
• C.Reengineering
• D.Corporate restructuring

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As an HR Professional you should be familiar with the terminology, practices, and rules governing unions and management in the bargaining process. There are three primary types of bargaining that management and unions participate in. Which of the following bargaining types is considered to be the most combative?

• A.Good faith bargaining
• B.Interest-based bargaining
• C.Distributive bargaining
• D.Integrative bargaining

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DRAG DROP
Drag and drop the compensations beside their corresponding descriptions.
Select and Place:

Correct Answer:

Explanation/Reference:
At the broadest level, compensation and benefits, also referred to as total rewards, can be described as an exchange of payment from an employer for the services provided by its employees. The components of total rewards package are as follows:
Monetary compensation: Monetary compensation includes any costs the organization incurs for the benefit of employees, such as all forms of cash compensation, 401(k) matching, medical care premiums, pension plans, and paid time off. Other kinds of rewards include benefits that support the organization's culture such as stock options, Employee Stock Ownership Programs (ESOPs), and incentive plans.
Nonmonetary compensation: Nonmonetary compensation includes nontraditional work life balance benefits such as telecommuting, on site childcare, and flex time.
Direct compensation: Direct compensation includes payments made to employees that are associated with wages and salaries. This includes base pay, variable compensation, and pay for performance.
Indirect compensation: Indirect compensation consists of any employee payments not associated with wages and salaries. This includes fringe benefits such as vacation, sick, and holiday pay; insurance premiums paid on behalf of employees; leaves of absence; 401(k) or other pension plans; and government mandated benefits such as Social Security or Family and Medical Leave Act (FMLA) and other benefits.
Chapter: Compensation and Benefits
Objective: Total Rewards Defined

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Which of the following occurs when employees stop working and stay in the building?

• A.Strike
• B.Lockout
• C.Wildcat strike
• D.Sit-down strike

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