SHRM CP NEWEST EXAM LATEST 2024/2025 WITH ACTUAL
QUESTIONS AND CORRECT VERIFIED (DETAILED)
ANSWERS/ALREADY GRADED A+
Broadbanding - ANSWER-Combining several salary grades or job classifications
with narrow pay ranges unto one brand with a wider salary spread.
Behavioral interview - ANSWER-Type of interview that focuses on how
applicants previously handled real situations.
Applicant tracking software (ATS) - ANSWER-Software that provides an
automated way for organizations to manage the recruiting process.
Developmental activities - ANSWER-Activities that focus on preparing
employees for future responsibilities while increasing their capacity to perform
their current jobs.
Compensation - ANSWER-All financial returns (beyond any benefits payments
or services), including salary and allowances.
Career development - ANSWER-Process by which employees progress through
a series of stages in their careers, each of which is characterized by relatively
unique, themes, and tasks.
,Benefits - ANSWER-Payments or services provided to employees to cover issues
such as retirement, health care, sick pay/disability schemes, life insurance, and
paid time off.
Apprenticeship - ANSWER-Related to technical skills training; often a
partnership between employers and unions.
Competency-based interview - ANSWER-Type of interview in which the
interviewer asks questions related to competencies for the position and asks
candidates to provide examples of times they demonstrated the competencies.
ADDIE model - ANSWER-5 step instructional design process that governs the
development of learning programs.
Career Planning - ANSWER-Actions & activities that individuals perform in
order to give direction to their work lives.
Brain drain - ANSWER-Exit of educated & skilled citizens from emerging &
developing countries for better paying jobs in developed countries.
Auditory learners - ANSWER-People who learn best by relying on their sense of
hearing.
Andragogy - ANSWER-Study of how adults learn.
Cost-of-living adjustment (COLA) - ANSWER-Pay adjustment given to eligible
employees regardless of performance or organizational profitability; usually
linked to inflation.
Compa-ratio - ANSWER-Pay rate divided by the midpoint of the pay range.
,Assessment centers - ANSWER-Assessment tools that provide candidates a
wide range of leadership situations and problem-solving exercises.
Blended learning - ANSWER-Planned approach to learning that included a
combination of instructor-led training, self-directed study, and /or on-the-job
training.
Career management - ANSWER-Preparing, implementing, and monitoring
employees' career paths, with a primary focus on the goals and needs of the
organization.
Competencies - ANSWER-Clusters of highly interrelated attributes, including
knowledge, skills, or abilities (KSA) that give rise to the behaviors needed to
perform a given job effectively.
Strategy - ANSWER-A plan of action for accomplishing an organization's long-
range goals.
SWOT analysis - ANSWER-Process for assessing an organization's strategic
capabilities in comparison to threats and opportunities identified during
environmental scanning.
Value drivers - ANSWER-Actions, processes, or results that are needed to
deliver a desired value.
Vision statement - ANSWER-Vivid, guiding image of an organization's desired
future, the future it hopes to attain through its strategy.
, Organizational values - ANSWER-Beliefs that are important to an organization
and often dictate employee behavior.
Strategic fit - ANSWER-A state in which an organization's strategy is consistent
with its external opportunities and circumstances and its internal structure,
resources, and capabilities.
Strategic management - ANSWER-The actions that leaders take to move their
organizations toward those goals and create value for all stakeholders.
Strategic planning - ANSWER-The process of setting goals and designing a path
toward a competitive position.
Metrics - ANSWER-Performance parameters based on the relationship between
2 or more measures.
Mission statement - ANSWER-Statement that specifies what activities an
organization intends to pursue and what course management has carted for
the future; a concise statement of its strategy.
Net profit margin - ANSWER-Ratio of net income (gross sales minus expenses
and taxes) to net sales.
Organizational culture - ANSWER-The basic beliefs and customs shared by
members of an organization that contribute to an organization's sense of its
identity.
Income statement - ANSWER-Statement that reports revenues, expenses, and
net income (profit) for a specified period.
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