Utilizing The Exam GR7 Tests Means that You Have Passed Half of International Remuneration - An Overview of Global Rewards

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WorldatWork International Remuneration - An Overview of Global Rewards Sample Questions (Q30-Q35):

NEW QUESTION # 30
A global corporation is considering implementing a "local-plus" compensation approach for employees relocating to high-cost regions. What is one of the main features of this approach?

A. Employees receive a local salary with additional cost-of-living adjustments
B. The company covers all costs related to relocation and housing
C. Employees receive only host-country benefits without additional allowances
D. Salaries are set based on the home country with minor location-based modifications

Answer: A

NEW QUESTION # 31
Which of the following best describes the purpose of a "local plus" compensation package?

A. Providing expatriates with only local pay without additional benefits
B. Matching expatriate pay to home-country standards without adjustment
C. Reducing expatriate compensation to minimize costs
D. Enhancing host-country salaries with additional allowances to address cost-of-living and quality-of-life factors for expatriates

Answer: D

NEW QUESTION # 32
What is a common issue faced when structuring "health care benefits" across different global regions?

A. Ensuring healthcare benefits remain consistent in every country
B. Addressing varying government regulations and healthcare standards
C. Implementing a universal healthcare provider
D. Avoiding local healthcare requirements to streamline global benefits

Answer: B

NEW QUESTION # 33
Which of the following is a key challenge when implementing a global "performance management" system as part of an international remuneration strategy?

A. Maintaining a focus on individual rather than team performance
B. Defining standardized performance metrics that apply across diverse roles and cultures
C. Ensuring that only monetary incentives are used in all locations
D. Reducing the need for localized training programs

Answer: B

NEW QUESTION # 34
In designing an international remuneration policy, a company wants to balance consistency and flexibility across regions. Which of the following would best support this goal?

A. Implementing a completely centralized pay structure
B. Providing only local market-based pay adjustments
C. Using global guidelines with regional variations as needed
D. Standardizing benefits without room for regional customization

Answer: C

NEW QUESTION # 35
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UTILIZING THE EXAM GR7 TESTS MEANS THAT YOU HAVE PASSED HALF OF INTERNATIONAL REMUNERATION - AN OVERVIEW OF GLOBAL REWARDS

Utilizing The Exam GR7 Tests Means that You Have Passed Half of International Remuneration - An Overview of Global Rewards