WorldatWork Quantitative Principles in Compensation Management C3E Dumps in PDF

Free WorldatWork C3E Real Questions (page: 7)

You spent 30% of your budget on merit increases three years ago, 35% two years ago, and 40% last year.
When was the most money spent on merit increases?

  1. Three years ago
  2. Two years ago
  3. Last year
  4. It cannot be determined based upon the information given.

Answer(s): D



What is the individual compa-ratio for an employee whose salary is 25,000 per year when the midpoint of the salary structure is 30,000?

  1. .17
  2. .83
  3. 1.20
  4. .80

Answer(s): B



If you earn 50,000 per year and your co-worker in the same job earns 60,000, what percent adjustment do you need to equal your co-worker?

  1. 18%
  2. 20%
  3. 10%
  4. 80%

Answer(s): B



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?

  1. 54,000; 90,000
  2. 57,600; 86,400
  3. 60,000; 84,000
  4. They cannot be determined from the data given

Answer(s): B



An employee earning 50,000 annually contributes 8% of his/her salary to a voluntary savings plan in the first year of participation. Excluding investment earnings, how much is in this employee's account at the end of the first year?

  1. 2,000
  2. 4,000
  3. 5,500
  4. 8,000

Answer(s): B



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