Compa ratio Study guides, Class notes & Summaries

C3E: QUANTITATIVE PRINCIPLES IN COMPENSATION MANAGEMENT |REAL | Questions with 100% Correct Answers | Verified | Latest Update 2024 Why do compensation professionals collect & use data? (A) To support personal agendas (B) To respond to stock price volatility (C) To improve changes of making sound decisions (D) To replace the need for modeling - ANSWER (C) To improve changes of making sound decisions A true, absolute zero exists for which level of measurement? (A) Nominal (B) Or...

SHRM CP EXAM QUESTIONS AND ANSWERS ALREADY PASSED Career Planning Actions & activities that individuals perform in order to give direction to their work lives. Brain drain Exit of educated & skilled citizens from emerging & developing countries for better paying jobs in developed countries. Auditory learners People who learn best by relying on their sense of hearing. Andragogy Study of how adults learn. Cost-of-living adjustment (COLA) Pay adjustment given to eligible employees regardles...

Career Planning Actions & activities that individuals perform in order to give direction to their work lives. Brain drain Exit of educated & skilled citizens from emerging & developing countries for better paying jobs in developed countries. Auditory learners People who learn best by relying on their sense of hearing. Andragogy Study of how adults learn. Cost-of-living adjustment (COLA) Pay adjustment given to eligible employees regardless of performance or organizational profitability; u...

Absolute Level - ANSWER The reward can be defined. Paying an employee $50,000 salary per year is an example. Administrative - ANSWER Pertaining to the activities of running an organization or a business. Anchored Rating Scale - ANSWER Uses examples or definitions of typical behaviors to define each point along the scale. Autonomy - ANSWER Giving employees discretion in choosing what to do and how to do it. Bad Data Challenge - ANSWER Exists because the data a company obtains about ma...

MIE 330 Exam 4 Latest Version Already Graded A Decisions about Pay -Job Structure- relative pay for different jobs within org -Pay Structure-pay policy resulting from job structure and pay level decision -Pay Level- avg amount the org pays for a job Equal Employment Opportunity Employers myst not base differences in pay on age, sex, race -no guarantee of equal pay for men and women, white and minorities Fair Labor Standards Act (FLSA) Establishes a minimum wage and requirementes for ove...

SHRM-SCP Exam Study Prep Questions With Verified Answers Shareholder (Workplace) - ANS An owner of shares in a company. A person who invests in a corporation by buying stock and is a partial owner. Stakeholder (Workplace) - ANS 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) - ANS A long term ...

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...

Incentive Pay - Answer-- forms of pay linked to an employee's performance as an individual, group member, or organization member - influential because the amount paid is linked to certain predefined behaviors or outcomes - may be in the form of a commission or a bonus Effective Incentive Pay Requirements - Answer-- Performance measures are linked to the organization's goals - employees believe they can meet performance standards - organization gives employees the resources they need to ...

Career Planning correct answersActions & activities that individuals perform in order to give direction to their work lives. Brain drain correct answersExit of educated & skilled citizens from emerging & developing countries for better paying jobs in developed countries. Auditory learners correct answersPeople who learn best by relying on their sense of hearing. Andragogy correct answersStudy of how adults learn. Cost-of-living adjustment (COLA) correct answersPay adjustment given to...

SHRM CP EXAM WITH ALL ANSWERS CORRECT Career Planning Brain drain Auditory learners Andragogy. Cost-of-living adjustment (COLA) Compa-ratio Broadbanding. Behavioral interview. Applicant tracking software (ATS). Developmental activities Compensation. Career development Benefits Apprenticeship. Competency-based interview ADDIE model. Assessment centers. Blended learning Career management Competencies Strategy.