WorldatWork GR1 Total Rewards Management Exam is designed to assess an individual's knowledge and understanding of the concepts and principles of Total Rewards. The exam is an essential certification for HR professionals looking to enhance their skills and knowledge in the field of compensation and benefits.
Exam Objectives:
- Understand the concept of Total Rewards and its strategic importance in organizations
- Identify the key components of Total Rewards programs and their design principles
- Analyze the role of compensation, benefits, work-life, and recognition in Total Rewards
- Evaluate the impact of economic, legal, cultural, and societal factors on Total Rewards
- Understand the process of designing, implementing, and evaluating Total Rewards programs
- Apply communication and change management techniques to Total Rewards programs
The exam is ideal for HR professionals, including Compensation and Benefits Specialists, HR Generalists, HR Managers, HR Directors, Total Rewards Managers, and Compensation Analysts. To take the GR1 exam, there are no formal prerequisites or qualifications required. However, it is recommended that candidates have some prior knowledge and experience in the field of compensation and benefits.
Related Books:
- "Total Rewards Management: Design, Implementation, and Evaluation" by Todd A. Thibodeaux and Beverly Kaye
- "Compensation" by George T. Milkovich, Jerry M. Newman, and Barry Gerhart
- "The WorldatWork Handbook of Compensation, Benefits & Total Rewards" by WorldatWork
- "Effective Total Rewards Management: How to Design and Implement a Comprehensive Employee Benefits Program" by John Rubino
The exam consists of 120 multiple-choice questions that must be completed within a time limit of 2 hours and 30 minutes. The exam fee for members of WorldatWork is $725, and for non-members, it is $1,025. The passing score for the exam is 350 out of 500 points.
The exam is delivered through Pearson VUE testing centers worldwide, and candidates can schedule their exam date and time according to their convenience. The exam format is computer-based, and the questions are randomly selected from a pool of questions to ensure the fairness and validity of the exam.
To prepare for the exam, candidates should study the Exam Objectives and focus on the related topics covered in the exam. They can also use the recommended books to enhance their knowledge and skills in Total Rewards Management. Additionally, WorldatWork offers training programs and courses to help candidates prepare for the exam.
In conclusion, passing the WorldatWork GR1 Total Rewards Management exam requires a comprehensive understanding of the Exam Objectives, related topics, and principles of Total Rewards. By studying and preparing adequately, candidates can improve their chances of passing the exam and obtaining the essential certification for HR professionals in the field of compensation and benefits.