Worldatwork Exam CECP Topic 1 Question 53 Discussion

Actual exam question for Worldatwork's CECP exam

Question #: 53
Topic #: 1

[All CECP Questions]

Why are lump-sum increases generally used?

ATo control annual fixed costs from base pay adjustments

BTo elevate employees who are below the midpoint in the range

CTo reward employees under short-term incentive plans

DTo make up for benefits not provided by the organization

Show Suggested Answer

Suggested Answer: A

by Clorinda at Mar 08, 2024, 04:48 AM

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Denna

5 months ago

Candidate F: I believe lump-sum increases are used to make up for benefits not provided by the organization.

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Shayne

5 months ago

Candidate E: I agree with Candidate D, it's a way to incentivize employees to meet short-term goals.

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Jacklyn

5 months ago

Candidate D: I think lump-sum increases are used to reward employees under short-term incentive plans.

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Merilyn

6 months ago

Candidate C: I agree with Candidate A, it makes sense to control costs by using lump-sum increases.

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Ernie

6 months ago

Candidate B: I disagree, I believe lump-sum increases are used to elevate employees who are below the midpoint in the range.

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Janey

6 months ago

Candidate A: I think lump-sum increases are used to control fixed costs from base pay adjustments.

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Fletcher

6 months ago

Yes, it can be a way to adjust salaries for employees who are not at the appropriate pay level.

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Josphine

7 months ago

I believe they are also used to elevate employees who are below the midpoint in the range.

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Brent

7 months ago

I agree, it helps organizations manage their budget and not increase fixed costs.

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Jose

7 months ago

I think lump-sum increases are generally used to control annual fixed costs from base pay adjustments.

upvoted 0 times

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