SHRM Senior Certified
Professional SCP 2024-
2025 Exam Preview
Question Bank with 100%
Correct Answers | Graded
A+ | Guaranteed Success
SHRM Senior Certified Professional SCP
2024-2025 Exam Preview Question Bank
with 100% Correct Answers | Graded A+ |
Guaranteed Success
David Mungai [Date] [Course title]
,SHRM Senior Certified Professional SCP
2024-2025 Exam Preview Question Bank
with 100% Correct Answers | Graded A+
| Guaranteed Success
Shareholder (Workplace) - Answer>> An owner of shares in a
company.
A person who invests in a corporation by buying stock and is a
partial owner.
Stakeholder (Workplace) - Answer>> Stakeholder is Everyone.
Someone other than a stockholder or creditor who potentially has
a claim on the cash flows of the firm.
A person or organization with an interest in a particular place or
issue.
Strategy (Workplace) - Answer>> A long term plan. Are long
term, are things that are long term goals.
Strategies Do Not change that much.
A plan of action or policy designed to achieve a major or overall
aim. Plan of action for accomplishing an organization's overall
and long-range goals.
Strategy
~Larger, overall plan that can comprise several tactics.
~Broad, "big picture"
~Over time, long periods of time, future-oriented.
~A year of advertising and marketing plans for a company
,Stakeholder theory - Answer>> A theory that holds that social
responsibility is paying attention to the interest of every affected
stakeholder in every aspect of a firm's operation.
Tactics (Workplace) - Answer>> Short term steps on the way to
long term plan/objectives. Are short term. Are the companies
short term goals.
Changes are made often.
An action or strategy carefully planned to achieve a specific end.
The methods and actions taken to accomplish strategies.
Tactic
~Plans, tasks, or procedures that can be carried out; may be part
of a larger strategy.
~Narrow, "close-up"
~Soon or present.
~One of the ads from the planned marketing strategy.
The difference between a strategy and a tactic: (Workplace) -
Answer>> A strategy is a larger, overall plan that can comprise
several tactics, which are smaller, focused, less impactful plans
that are part of the overall plan.
Engaging and Preparing Stakeholder - Answer>> -SWOT
-Multi Criteria
-Cost benefit
-Force field analysis
Compa-ratio - Answer>> Pay rate divided by the midpoint of the
pay range.
, i.e. Given a pay range with a minimum of $16.00 per hour and a
maximum of $20.00 per hour, the midpoint is $18.00 per hour.
The Compa Ratios for employees A, B, C, and D would be as
follows:
$16/$18 = .89 or 89% - Employee A earns $16.
$16.50/$18 = .92 or 92% - Employee B earns $16.50
$18/$18 = 1.00 or 100% - Employee C earns $18.00
$19/$18 = 1.06 or 106% - Employee D earns $19
Yield Ratio - Answer>> a ratio that expresses the percentage of
applicants who successfully move from one stage of the
recruitment and selection process to the next.
Yield ratio in HR shows the percentage of candidates from the
recruitment sources that were selected for the next stage of a
hiring process. In simple words yield ratios show the efficiency of
the certain recruitment method. Information about yield ratio
allows HR.
KPI-Key Performance Indicator
Yield ratio = Number of leads from Recruitment Method/Number
of candidates invited to interview x 100%
Gain from Investment - Cost of Investment/Cost of Investment
ROI ex: Loaned $250.00
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