QUESTION: 13

What best describes an effective approach for balancing multiple priorities and perspectives regarding compensation?

Being firm and uncompromising in your decision-making
Representing your view with data and relating it to business results
Finding a compromise that may not appease all stakeholders but does not give any one group or person everything they are seeking
Giving priority to perspectives based on the job or influence level of the stakeholders

Answer(s): B

QUESTION: 14

What is the primary reason why a compensation professional working for a multinational company should understand regulatory requirements and application of rewards globally?

Because legal compliance with compensation-related regulations is the responsibility of the compensation department
Because the compensation professional has a fiduciary responsibility to ensure that the financial resources of their organization are spent in a prudent manner
Because it is possible to pay significantly less for talent in different countries and compensation should advise management on when and where to locate various jobs within the company
They shouldn't. Due to the complexities of global regulations and practices, compensation administration outside of the home country should be outsourced.

Answer(s): B

Reveal Solution Next Question

You have been asked to develop a short-term incentive plan that motivates employees in business units to increase productivity. Your team has designed a plan that rewards managers and employees quarterly based on achievement against target on measures that should generate productivity increases that will self-fund the plan.
When presenting the plan to senior management, what would be the best strategy to receive approval?

Demonstrate how it is aligned to the rewards philosophy, principles and organizational business strategy
Provide details on the plan design and measures and how they will be administered to employees at different levels
Make the case that a self-funded plan poses no risk to the organization while creating the potential for significant gains
Identify in advance the priorities of the various stakeholders and design your presentation to address any objections or perceptions they may have

Answer(s): A

Reveal Solution Next Question

QUESTION: 16

What is the most accurate statement regarding the effect of compensation plans on the organization?

They typically have the greatest effect on net income and operating results of any organizational expense or program
Their success or failure is closely tied to the success or failure of organizationwide goals and objectives
They have very little effect as long as they are managed effectively and efficiently
They affect the organization's overall financial status and impact multiple stakeholders across most, if not all, business units

Answer(s): D

Reveal Solution Next Question

Free CECP Exam Braindumps (page: 4)

QUESTION: 13

QUESTION: 14

QUESTION: 15

QUESTION: 16