Your Path to Success: How to Pass the WorldatWork B1 Regulatory Environments for Benefits Programs Exam

The most that the member will be liable for in relation to co-insurance

The maximum the plan will pay if the member is covered by another insurance plan

The limit the member will be required to pay at each doctor visit

The lifetime limit for benefits to any one employee   

Pay for time not worked

Hourly pay

Bonuses

Piece rate   

40

45

50

55

Production worker

Account executive

IT contractor

HR Director

Focus on negative issues first, such as compensation costs exceeding budget, to get their attention

Provide a wide range of facts and figures. With their high level of responsibility, executives must have all the data before they can make informed decisions.

Assume they have little knowledge of the issue and make a detailed presentation leading up to the purpose of the meeting.

Recommend a solution that will solve the issue and explain why it is the best solution available.

What the take-home pay will be

How their pay compares to co-workers

How the company sets compensation budgets

How the company makes pay decisions that affect them

Because you will be more informed when differences of opinion occur, lending more credibility to your position

Because you can demonstrate your understanding of issues from multiple perspectives

Because you will be able to explain the negative consequences of opposing your position

Because stakeholders with diverse opinions tend to compromise when they are aware that others know their weaknesses

A portion of one's salary paid during reserve duty and military leave

A practice of paying a lump sum to employees during a company shutdown

A continuation of an employee's salary after termination

A continuation of a portion of an employee's salary to a beneficiary after the death of an employee

Additional quantitative analysis to determine whether pay rates are truly competitive or existing data are unreliable

Qualitative data collection to talk to key stakeholders and employees and determine whether the exit interviews accurately reflect their concerns

Qualitative data collection in the form of an employee survey with questions about employee satisfaction with pay levels

No additional data analysis is needed. Delta should increase pay rates based on the existing data to decrease turnover.

Davis-Bacon Act

National Labor Relations Act

McNamara-O'Hara Act

Sherman Antitrust Act