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Free PDF GR7 - Newest International Remuneration - An Overview of Global Rewards
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WorldatWork International Remuneration - An Overview of Global Rewards Sample Questions (Q31-Q36):NEW QUESTION # 31
What is one benefit of using a "balance sheet" approach in expatriate compensation?
- A. Ensures that expatriates receive identical compensation to host-country nationals
- B. Increases administrative burden due to lack of currency conversion
- C. Helps expatriates maintain their home-country standard of living by compensating for differences in living costs and taxes
- D. Offers standardized pay adjustments regardless of location
Answer: C
NEW QUESTION # 32
Which of the following best describes the role of "Total Rewards" in a global organization?
- A. A standardized approach to pay and benefits across all regions
- B. A comprehensive framework addressing monetary and non-monetary rewards tailored to diverse global workforce needs
- C. A fixed rewards system based on headquarters' compensation policies
- D. A focus solely on compensation and benefits without considering career development
Answer: B
NEW QUESTION # 33
Which of the following describes a primary purpose of a "mobility premium" in expatriate compensation?
- A. Offering a financial incentive for employees to accept and adapt to assignments in foreign or challenging locations
- B. Providing fixed compensation regardless of assignment location
- C. Reducing expatriate compensation to control costs
- D. Aligning expatriate pay strictly with home-country standards
Answer: A
NEW QUESTION # 34
Which factor is most critical in developing a cost-effective approach for funding health and welfare benefits in a multinational company?
- A. Ignoring local statutory requirements to reduce costs
- B. Using local insurance providers to minimize costs in each country
- C. Minimizing employee participation in healthcare costs
- D. Establishing a global health plan with identical benefits
Answer: B
NEW QUESTION # 35
A global company is planning to move to a "centralized approach" for managing compensation across its various international locations. What is one likely advantage of this approach?
- A. Greater consistency and alignment with the organization's global goals
- B. Improved cost savings due to regional pay variations
- C. Increased flexibility to adapt pay policies based on local market needs
- D. Reduction in the need for expatriate allowances
Answer: A
NEW QUESTION # 36
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