GR1 Questions and Answers

Immediately or shortly after making a positive contribution

Shortly after the performance review

During the merit increase process

At the beginning of each month

Rising salaries for support staff

Increasing cost of enterprise software systems

Increasing cost of communication

Rising costs for health care

The charges that an insurance carrier determines are normal for a particular medical procedure within a specific geographical area

The charges that are published annually in the Global Insurers' Medical Cost Comparison Guide

The charges that are allowable for any given medical procedure with no pre-treatment authorization

The charges that are typically paid up front by a plan participant for services rendered.

The ordering of jobs from highest to lowest

The market wage for a particular job compared to a specific company's wage for the job

The adjustments to midpoints based on geographic differentials

The difference in wage rates paid at the midpoint of two adjacent grades

The size of the employee's family

The employee's annual salary

The employee's health history

The employee's premium contributions

They require complex actuarial calculations and assumptions.

The benefit is based on a formula that considers pay and service.

They generally provide better benefits to employees with longer service.

The employee assumes the risk for the investments.

Coaching

Assessing

Rewarding

Grading

At established dates and then every six months thereafter

On January 1 and July 1 of each year

Once when they move a step, and again when the step value changes

At the anniversary date and at the annual merit increase date