Free CECP Exam Braindumps

In what stage of the business lifecycle do companies typically begin standardizing procedures through policy creation?

  1. Start-up
  2. Growth
  3. Mature
  4. Decline

Answer(s): B



What metric should compensation professionals pay closest attention to for ensuring alignment between the compensation strategy and the HR and business strategies?

  1. Variable pay costs as a percent of total compensation
  2. Total compensation expense for the business, including base pay and variable pay
  3. Reward costs as a percent of total operating costs
  4. The organization's market compa-ratio

Answer(s): C



If employees have a significant impact on the bottom line, what type of pay mix is most appropriate?

  1. A varying mix depending on employee influence on goals to provide the necessary incentive to maximize profits
  2. 100% variable pay to motivate all employees to maximize productivity and sales
  3. 90/10 for the majority of employees (base/variable) to share in the company's success with increased variable pay for management/executives to motivate employees to seek higher positions
  4. High base pay and low variable pay to ensure predictability of total compensation expense

Answer(s): A



Which of the following factors has the greatest impact on how aggressive a stance (high vs. low) an organization will take in terms of where it positions itself against the market with its compensation strategy?

  1. The industry it operates in
  2. The bottom line
  3. The organizational headcount
  4. The risk tolerance of compensation leaders

Answer(s): B






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