SPHR

SPHR practice questions, page 13 of 27, with answer review and explanations.

Question 61

Which of the following are the benefits of gainsharing programs? Each correct answer represents a complete solution. Choose all that apply.

  1. Aligns employees to organizational goals
  2. Helps the organization to achieve improvement in key performance measures
  3. Enhances the focus and awareness of employees
  4. Employees are paid on the basis of group performance rather than individual performan

Question 62

As a HR Professional you must understand the laws and regulations, which affect employee compensation. Which of the following was the first to address a minimum wage for employees?

  1. Davis-Bacon Act
  2. Walsh-Healey Public Contracts Act
  3. Fair Labor Standards Act
  4. Portal-to-Portal Act

Question 63

John earns $45,200 per year as a mechanic in your organization. The $42,500 per year does not include earnings John may have through shift differentials, benefits, overtime, incentives, and bonuses. Which one of the following terms best describes the $45,200 per year that John earns?

  1. Variable pay
  2. Hygiene factor pay
  3. Base pay
  4. Market-demand pay

Question 64

What is the compa-ratio for an employee that earns $75,000 per year, but the midpoint for the role is $85,000 per year?

  1. 88 percent
  2. 113 percent
  3. $10,000 difference
  4. 1:88

Question 65

Which of the following is an example of a nonqualified deferred-compensation plan?

  1. An excess-deferral plan
  2. A target-benefit plan
  3. A money-purchase plan
  4. A cash-balance plan