International Financial Reporting Standards for Compensation Professionals Exam
Business Acumen for Compensation Professional
Advanced Certified Compensation Professional Exam
Regulatory Environments for Benefits Programs
Benefits Outsourcing - Selecting-Contracting and Managing Service Partners
Retirement Plans - Design Considerations and Administration
Health and Welfare Plans - Plan Types and Administration
Health and Welfare Plans - Strategic Planning and Design
Regulatory Environments for Compensation Programs
Variable Pay - Improving Performance with Variable Pay
Which of the following statements best describes defined benefit (DB) plans?
There is no promise of a specific benefit at retirement.
Individual accounts must be maintained for each participant.
They are often integrated with government-sponsored programs.
Employees are at risk for financial resources.
How is the performance review related to pay?
It isn't. The performance review should not be related to pay decisions.
It is related to the extent that it affects variable pay awards. Base pay is based solely on tenure, prior experience and job skills.
It helps managers meet salary budgets by allowing them to adjust review results to align with available salary increase funds.
It provides managers a measure that can be used along with salary planning guidelines to determine appropriate rewards or consequences.
What type of pay increase is given when an organization finds that its compensation program is behind competitive market rates?
General
Cost of living
Automatic
Merit