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WorldatWork C1 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Other Key Regulations | 10% | - Family and Medical Leave Act - State and local regulatory variations |
| Topic 2: Anti-Discrimination Laws | 20% | - Equal Pay Act - Age Discrimination in Employment Act - Americans with Disabilities Act - Title VII of Civil Rights Act |
| Topic 3: Labor Relations Regulations | 15% | - Impact of unionization on compensation practices - National Labor Relations Act |
| Topic 4: Tax and Reporting Requirements | 15% | - Executive compensation disclosure rules - IRS rules for taxable and non-taxable compensation - Form W-2 and other reporting obligations |
| Topic 5: Fair Labor Standards Act (FLSA) | 25% | - Minimum wage and overtime requirements - Exempt vs non-exempt classification rules - Recordkeeping and compliance obligations |
| Topic 6: Overview of Regulatory Framework | 15% | - Federal regulatory structure and authority - Impact of regulation on compensation design and administration |
WorldatWork Regulatory Environments for Compensation Programs Sample Questions:
Question #1
Which of the following scenarios best describes a contract worker?
A. A technician who works a scheduled shift and performs tasks as assigned according to specifications.
B. An accounts payable specialist who works at the company site utilizing an internal A/P system and pays vendors according to company procedures.
C. A computer programmer who telecommutes, uses her own equipment and works for multiple employers
Question #2
What best describes a use of strategic analysis?
A. Forecasting profit, growth and investment performance to develop realistic budgets
B. Understanding your business and its competitive strengths and weaknesses
C. Pricing your products appropriately
D. Evaluating prior year performance for the narrative portion of annual financial reports
Question #3
If a company has a higher percentage of employees with fixed compensation than variable compensation, what happens as revenues increase?
A. Compensation costs eventually stabilize and become a consistent percent of revenue.
B. Compensation costs eventually decrease as a percent of revenue, increasing profit growth.
C. Compensation costs remain the same as a percent of revenue until variable compensation costs exceed fixed compensation costs.
D. Compensation costs and revenue increase at approximately the same rate.
Question #4
What best describes the most effective tactic for getting stakeholders' attention and buy-in?
A. Talk to the individuals they report to in advance and gain their support so the stakeholders realize upper management already supports your position
B. Schedule a meeting of all stakeholders and make a strong case that overcomes all of their objections
C. Explain in precise terms to each stakeholder how your position is the most realistic approach to the issue or concern
D. Ask them to review or provide feedback, especially on something you have done for them
Question #5
Which one of the following should be included in a compensation guide for managers?
A. Individual salary rates of employees in their department
B. Information on common management processes
C. The consequences of various disciplinary measures
Solutions:
| Question #1 Correct Answer: C | Question #2 Correct Answer: B | Question #3 Correct Answer: B | Question #4 Correct Answer: D | Question #5 Correct Answer: B |
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