aPHR Associate Professional in Human Resources Certification Practice Exams, Second Edition, 2nd Edition

CHAPTER 4

Compensation and Benefits

This functional area includes coverage of the following responsibilities and knowledge objectives:

•   01  The elements involved in developing and administering an organization’s compensation strategy, such as pay structures, pay adjustments and incentive programs (for example, external service providers, market analysis, job evaluation/classifications, merit increases, pay scales/grades, cost of living adjustments, and service awards)

•   02  Health benefit and insurance programs including, eligibility requirements, enrollment periods and various designs (for example, high deductible plans, health savings accounts, flexible spending accounts, preferred provider organizations, and short or long-term disability) ...