Name: Worldatwork Certified Executive Compensation Professional Exam Exam
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SKU: Certified Executive Compensation Professional Exam
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Free Worldatwork Certified Executive Compensation Professional Exam Exam Actual Questions

Note: Premium Questions for Certified Executive Compensation Professional Exam were last updated On Jun. 21, 2024 (see below)

Question #1

How is the performance review related to pay?

AIt isn't. The performance review should not be related to pay decisions.

BIt is related to the extent that it affects variable pay awards. Base pay is based solely on tenure, prior experience and job skills.

CIt helps managers meet salary budgets by allowing them to adjust review results to align with available salary increase funds.

DIt provides managers a measure that can be used along with salary planning guidelines to determine appropriate rewards or consequences.

Reveal Solution

Correct Answer: D

Question #2

Which of the following is a true statement regarding the talent development needs of employees?

AIf employees believe their skills will fall behind their professional peers, they will be afraid to look for another job.

BObtaining and developing skills provides leverage for the employee to seek more compensation.

COpportunities for career advancement are important to employees in their decisions to either join or leave an organization.

Reveal Solution

Correct Answer: C

Question #3

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

Reveal Solution

Correct Answer: A

Question #4

What is a primary purpose of pay grades or bands?

ATo identify a compensation range in which to group multiple jobs with similar value

BTo meet legal and regulatory requirements for classifying jobs according to market value

CTo provide documentation that supports termination decisions

DTo justify paying some employees less than market based on internal administrative limitations

Reveal Solution

Correct Answer: A

Question #5

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

Reveal Solution

Correct Answer: A

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