Worldatwork CECP Exam Questions - Real Practice Questions for Guaranteed Success

Question 1

Which of the following statements is most accurate regarding pay grades/bands?

AThey include incentives that are paid out at certain times of the year

BThey identify the actual compensation paid to each employee

CThey may overlap with minimums and maximums falling within adjoining grades

DThey represent the difference between the midpoint and the maximum of a given salary grade

Correct : C

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AThey include incentives that are paid out at certain times of the year

BThey identify the actual compensation paid to each employee

CThey may overlap with minimums and maximums falling within adjoining grades

DThey represent the difference between the midpoint and the maximum of a given salary grade

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Question 2

What type of pay increase is given when an organization finds that its compensation program is behind competitive market rates?

AGeneral

BCost of living

CAutomatic

DMerit

Correct : A

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AGeneral

BCost of living

CAutomatic

DMerit

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Question 3

What best defines the organization's purpose or reason for existence?

AThe corporate mission

BThe business strategy

CThe compensation strategy

DThe corporate vision

Correct : A

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AThe corporate mission

BThe business strategy

CThe compensation strategy

DThe corporate vision

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Question 4

Which of the following is the most accurate statement about the business strategy?

AIt usually is a secondary consideration in compensation design.

BIt is the company's plan for competitive positioning of its products or services.

CIt must be written after the company's operating plans are approved by senior management.

DIt is developed for compensation, benefits and the work-life using the HR strategy as a basis.

Correct : B

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AIt usually is a secondary consideration in compensation design.

BIt is the company's plan for competitive positioning of its products or services.

CIt must be written after the company's operating plans are approved by senior management.

DIt is developed for compensation, benefits and the work-life using the HR strategy as a basis.

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Question 5

What type of equity incentive gives employees the right to purchase company shares at a specified price?

AStock/share options

BStock/share grants

CRestricted stock/shares

DPerformance units

Correct : A

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AStock/share options

BStock/share grants

CRestricted stock/shares

DPerformance units

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Master Worldatwork CECP Exam with Reliable Practice Questions

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