PRMIA Exam 8004 Topic 3 Question 33 Discussion

Actual exam question for PRMIA's 8004 exam

Question #: 33
Topic #: 3

[All 8004 Questions]

Employees shall be remunerated adequately for the roles that they perform, where 'adequately' is defined

Aas being the market norm for similarly situated personnel in competitive organizations

Busing external references and benchmarks, and in a framework which is consistent with the type of risk-taking behavior expected of employees

Cusing the risk reward profile for each business line in the organization

Das commensurate with policies to attract and retain high income / revenue earners

Show Suggested Answer

Suggested Answer: B

by Wei at Sep 18, 2024, 03:14 AM

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Ammie

6 months ago

Hmm, I'm torn between B and D. Tough call, but I'll go with B since it seems a bit more comprehensive.

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Murray

6 months ago

I agree with both of you, but I think B covers a wider range of factors in determining adequate remuneration.

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Sabine

6 months ago

I see your point, but I think D is important too, to attract and retain high earners.

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Leana

6 months ago

I think B is the way to go, using external references and benchmarks makes sense.

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Kenneth

6 months ago

I believe remuneration should also consider the risk-reward profile of each business line.

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Gaynell

6 months ago

I agree with Annelle, it's important to stay competitive in the market.

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Marci

6 months ago

I'll go with C. Considering the risk-reward profile for each business line makes the most sense to me.

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Shaquana

6 months ago

I think the correct answer is B. Using external references and benchmarks is a more objective way to define 'adequately' than just going with the market norm or focusing solely on risk-reward.

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Mariko

5 months ago

I think it's a combination of both external references and risk-reward profiles.

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Kanisha

5 months ago

That's true, it's important to align remuneration with the type of risk-taking behavior expected.

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Nida

5 months ago

But shouldn't we also consider the risk-reward profile for each business line?

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Glenna

6 months ago

I agree, using external references and benchmarks provides a more fair comparison.

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Annelle

7 months ago

I think employees should be paid based on market norms.

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