WorldatWork Quantitative Principles in Compensation Management - C3E FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

You have the following salary grades and midpoints. Your org wants to have a constant midpoint progression.
What would be the midpoint percentage?
Grade 10 = Midpoint 2,000
Grade 11 = Midpoint 2,217
Grade 12 = Midpoint 2,456
Grade 13 = Midpoint 2,698

A. 10.5% B. 11.7% C. 9.6% D. 8%

Discussion 0

Correct Answer: A Vote an answer

Question 2

At 10% investment return, what would be in the same employee's account including investment earnings at the end of the year?

A. 5,940 B. 4,400 C. 2,160 D. 8,640

Discussion 0

Correct Answer: B Vote an answer

Question 3

What is interpolation?

A. A value that a given percent of the data is less than B. An exact value representing a remainder C. A statistical representation of standard deviation D. A whole number that represents the sum of a data set

Discussion 0

Correct Answer: B Vote an answer

Question 4

You have obtained a set of market data that show you senior MIS manager has a market average of 72,000. If you have a 50% range spread, what would the new minimum and maximum be if the new midpoint is 72,000?

A. They cannot be determined from the data given B. 60,000; 84,000 C. 57,600; 86,400 D. 54,000; 90,000

Discussion 0

Correct Answer: C Vote an answer

Question 5

On January 1 of last year, you had 1,000 emps. Dec 31 there was a 20% reduction in the workforce. By July of this year, you then increased your workforce by 20%. Do you now have 1,000 emps again? If not, how many?

A. Not enough info to compute B. Yes, 1,000 C. No; 800 emps on 12/31, 960 in July D. No; 800 emps on 12/31, 850 in July

Discussion 0

Correct Answer: C Vote an answer

Question 6

Which of the following describes an annuity?

A. What is given up when an investment decision is made B. Interest that is applied at the end of the period and only on the beginning balance or principle. C. An investment that pays on a scheduled basis over a fixed amount of time

Discussion 0

Correct Answer: C Vote an answer