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WorldatWork C1 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Anti-Discrimination Laws | 20% | - Title VII of Civil Rights Act - Americans with Disabilities Act - Age Discrimination in Employment Act - Equal Pay Act |
| Topic 2: Other Key Regulations | 10% | - Family and Medical Leave Act - State and local regulatory variations |
| Topic 3: Overview of Regulatory Framework | 15% | - Federal regulatory structure and authority - Impact of regulation on compensation design and administration |
| 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: Labor Relations Regulations | 15% | - National Labor Relations Act - Impact of unionization on compensation practices |
WorldatWork Regulatory Environments for Compensation Programs Sample Questions:
Upon which criterion are step increases typically based?
- A. Individual performance
- B. Longevity
- C. Skills
- D. Market adjustment
Correct Answer: B 🗳️
What do working capital metrics evaluate?
- A. The amount of cash needed to meet the company's short-term obligations
- B. A company's mean capital expenditure per employee
- C. The change in working capital over a specific period of time, typically one year
- D. A company's efficiency in converting short-term capital into cash
Correct Answer: D 🗳️
Which of the following acts is focused on employers with construction contracts with the government?
- A. Sherman Antitrust Act
- B. National Labor Relations Act
- C. McNamara-O'Hara Act
- D. Davis-Bacon Act
Correct Answer: D 🗳️
Regarding medical plans, what is the out-of-pocket maximum?
- A. The most that the member will be liable for in relation to co-insurance
- B. The limit the member will be required to pay at each doctor visit
- C. The maximum the plan will pay if the member is covered by another insurance plan
- D. The lifetime limit for benefits to any one employee
Correct Answer: A 🗳️
A medical benefits plan provision ensuring that the correct plan is paying expenses when the member is covered under more than one plan is known as what?
- A. Deductible
- B. Coordination of benefits
- C. Coinsurance
- D. Out-of-pocket expenses
Correct Answer: B 🗳️
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