CECP resources - WorldatWork Certified Executive Compensation Professional (CECP) Certification Updated: 2024 | ||||||||
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Exam Code: CECP WorldatWork Certified Executive Compensation Professional (CECP) Certification resources January 2024 by Killexams.com team | ||||||||
WorldatWork Certified Executive Compensation Professional (CECP) Certification WorldatWork Certification resources | ||||||||
Other WorldatWork examsC8 Business Acumen for Compensation ProfessionalT7 International Financial Reporting Standards for Compensation Professionals T1-GR1 Total Rewards Management Exam CECP WorldatWork Certified Executive Compensation Professional (CECP) Certification | ||||||||
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Question: 23 What is the most common term for the broad framework of principles and approaches that guide day-to-day decisions affecting the business, including how it positions itself in the market? A. The business plan B. The corporate objective C. The mission statement D. The competitive strategy Answer: D Question: 24 A fine jewelry chain distinguishes itself from the competition by focusing on carefully selected customers and building bonds to meet or exceed their needs and expectations. What strategy is this company using? A. Operational excellence B. Product/service leadership C. Customer intimacy D. Brand loyalty Answer: C Question: 25 The XYZ Company produces innovative products and brings them to market in advance of their competitors. What strategy is XYZ using? A. Operational excellence B. Product/service leadership C. Customer intimacy D. Brand loyalty Answer: B Question: 26 The Value Store retail company offers its customers low prices and ease of purchase by minimizing waste and striving for high efficiency. What strategy is the Value Store using? A. Operational excellence B. Product/service leadership C. Customer intimacy $13$10 D. Brand loyalty Answer: A Question: 27 Regarding market position, a business with a high market share but low growth potential is typically referred to as what? A. A Star B. A Question Mark C. A Market Leader D. A Cash Cow Answer: D Question: 28 The Alpha Company was once a strong company that commanded a high percentage of the market it operated in. In recent years, Alpha has been losing market share to competitors in its primary line of business and has been unable to find a competitive strategy to grow and return to profitability. Given its market position, how is Alpha most likely finding the monetary resources to continue operations? A. By using cash from other segments of the business B. By using its high credit rating from prior years to receive a line of credit until the strategy begins to work C. By selling its products and services at a loss until revenue increases and slowly raising prices until it begins to break even D. By identifying and duplicating the strategy used by its main competitor. Answer: A Question: 29 What challenge is most likely faced by a business with low market share and high growth potential? A. Its ability to generate profits is unknown. B. It is in the worst market position and has insufficient resources to continue operations. C. It is unclear how to best utilize the high cash flow to sustain growth. D. Its excess resources are often used to develop other businesses that may not be mission-critical. Answer: A Question: 30 The XYZ Company focuses on maintaining/increasing market share and its products tend to be more evolutionary than revolutionary. What stage of the business lifecycle is XYZ most likely in? A. Start-up B. Growth $13$10 C. Mature D. Decline Answer: C Question: 31 An organization whose focus is on obtaining capital, marketing products or services, sales growth and cash conservation is most likely to be in what stage of the business lifecycle? A. Start-up B. Growth C. Mature D. Decline Answer: A Question: 32 What choices are most commonly faced by companies in the decline phase of the business lifecycle? A. Whether to improve productivity, obtain new operating capital or generate new sales growth B. Whether to reinvest in existing products, create new products or maximize profits with current products as long as possible C. Whether to acquire competitors with greater market share or merge with more successful companies D. Whether to increase sales, maximize distribution capacity or increase efficiency to meet growing demand Answer: B Question: 33 In what stage of the business lifecycle do companies typically begin standardizing procedures through policy creation? A. Start-up B. Growth C. Mature D. Decline Answer: B Question: 34 What metric should compensation professionals pay closest attention to for ensuring alignment between the compensation strategy and the HR and business strategies? A. Variable pay costs as a percent of total compensation B. Total compensation expense for the business, including base pay and variable pay C. Reward costs as a percent of total operating costs D. The organizations market comparatio Answer: C $13$10 Question: 35 If employees have a significant impact on the bottom line, what type of pay mix is most appropriate? A. A varying mix depending on employee influence on goals to provide the necessary incentive to maximize profits B. 100% variable pay to motivate all employees to maximize productivity and sales C. 90/10 for the majority of employees (base/variable) to share in the companys success with increased variable pay for management/executives to motivate employees to seek higher positions D. High base pay and low variable pay to ensure predictability of total compensation expense Answer: A $13$10 | ||||||||
Human resources professionals deal with recruitment, training and development, and benefits and compensations areas. HR professionals who specialize in employee compensation can advance in their fields by earning professional credentials. The Certified Compensation Professional certification is available through the WorldatWork Society of Certified Professionals, formerly the American Compensation Association. Significance
Examinations
Educational Requirement
Recertification
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LESSON 5: COMPENSATION AND BENEFITSUnderstand all the things that must be considered when designing a compensation and benefits package.LESSON 6: EMPLOYEE HEALTH AND SAFETYLearn the ins and outs of complying with OSHA, protecting against workplace hazards, and investigating, recording, and preventing accidents and employee illnesses.LESSON 7: THE LEGAL ENVIRONMENTGain knowledge of employment law as well as an understanding of equal employment opportunity, avoiding discrimination, and what happens when an employee files an EEOC claim.LESSON 8: MAKING HR DECISIONSLearn how to make decisions based on various company growth strategies and how to use HRIS Software as well as job analysis as a tool for decision-making.LESSON 9: AFFIRMATIVE ACTIONLearn the full spectrum of affirmative action, how to create an affirmative action plan, and information on the AAP you will need to know.LESSON 10: DIVERSITYUnderstand what diversity is and why it is a good thing in an organization as you learn to manage it and handle conflict.LESSON 11: EMPLOYEE RIGHTS AND DISCIPLINELearn the laws that protect employee rights and privacy and how to properly monitor and document behavior and discipline employees.LESSON 12: TERMINATIONUnderstand the alternatives to firing as well as how to prepare for termination including proper separation agreements as well as what to do in the event of wrongful discharge.LESSON 13: INVESTIGATIONSLearn why it is so important to investigate problems as well as the steps of an effective investigation including preparing, conducting, and wrapping it up.LESSON 14: MANAGING LABOR RELATIONSGet a quick overview of the history of unions as you learn how they work and why employees join them.LESSON 15: CREATING A HIGH-PERFORMANCE WORKPLACELearn how to ask employees for input and act on it, delegate authority, keep communication open, and continuously ask for feedback as you strive to develop a high-performance workplace.LESSON 16: GLOBAL HUMAN RESOURCESUnderstand the basics of staffing strategy, cultural differences, HR in other countries, choosing global employees, and issues faced by expatriates.LESSON 17: RETENTIONLearn the top reasons employees leave a company and how you can encourage them to stay as well as the importance of succession planning.LESSON 18: MOTIVATION, REWARDS, AND RECOGNITIONFind out fun ways to motivate workers and gain nine strategies for creating a great rewards program.LESSON 19: PREPARING FOR THE PHR EXAMGain information on externships and internships as you review the basics of the PHR exam and begin to study.Enrich your HR Skills and Competencies to SUCCEED! Our SHRM-CP/SHRM-SCP certification preparation course is designed primarily for individuals seeking credentials that focus on identifying and testing the knowledge and practical real-life experiences HR professionals around the world need to excel in their careers today. Earning your SHRM Certified Professional (SHRM-CP) or SHRM Senior Certified Professional (SHRM-SCP) credential establishes you as a recognized expert in the HR field. These new certifications recognize that HR professionals are at the core of leading organizational success:
Did You Know?$ 104,440- According to the 2016-17 Occupational Outlook Handbook from the U.S. Bureau of Labor Statistics (BLS), the median national annual salary for a human resources manager is $104,440. 9% Growth- Employment of human resources managers is projected to grow 9 percent from 2014 to 2024, faster than the average for all occupations. 2018 Leadership Excellence and Development AwardUNG PCE ranked 2nd nationally for “Certificate program with Emphasis on HR” Register now for the SHRM Certificate Course! WIOA ApprovedCourse approved through WIOA. WIOA may be available for those who qualify for the program and only if funds are available. WorkSource Georgia Mountains Establishing Connection... Earn Your Water Resources Modeling Certificate Online from One of the Top Universities in the Nation for STEM.Learn to harness one of Earth’s most abundant and precious resources with a graduate certificate in water resources modeling from Michigan Tech. Earn a water resources certificate online to prepare for an exciting career managing water resources. If you’re like most students considering this program, you’re probably asking, “What is water resources modeling?” Water resources modeling is a branch of engineering that focuses on solving complicated, open-ended, real-world water resources problems in natural and built systems. It solves these problems by first a) researching and conducting decision making analysis; and then b) developing and executing models using state of the practice technologies. This branch of engineering also involves using programming to manage large datasets; and validate, calibrate, and optimize models for design. Some projects that water resource engineers participate in include planning and creating artificial lakes and ponds, designing rain gardens and bioswales, and creating other green infrastructure. From managing wastewater to preparing for droughts to managing and mitigating floods, professionals with a water resources modeling certificate protect and responsibly use water to ensure the well-being of every person on Earth. In short, water resources modeling is a branch of engineering that recognizes that water is an integral part of any ecosystem, a precious natural resource, and a social and economic good. Build on Your Science or Engineering Background with a Water Resources Modeling Certificate.Our water resources modeling program is math- and science-intensive. So, if your background is in one of the physical sciences, geosciences, computational sciences, or engineering, you can boost your skills set in our data-driven program. You will gain in-depth modeling experience using real-world case studies in a hydrologic, 2D hydrodynamic, or hydraulic system. Why Earn Your Water Resources Certificate Online at MTU?At Michigan Tech, we help produce some of the top engineers and researchers in the world. That’s why Forbes ranks Michigan Tech among the top 25 best STEM colleges in the nation. The water resources modeling program at MTU is also highly respected by employers for the rigor of its curriculum and the expertise of its graduates. When you earn your water resources certificate online from MTU, rest assured that you’re joining the #3 best accredited online college in Michigan and one of the top water resources modeling certificate online programs available. Your water resources modeling certificate will provide you with everything you need to excel in this data-driven world, including the following:
Take Essential Online Courses.At MTU, you’ll learn firsthand about water resources modeling, thanks to engaging and challenging courses covering a diverse range of topics, which include water quality engineering, hydrodynamic modeling, and limnology. Every water resources modeling student will choose three courses that fit their interests and professional goals. Possible Courses
Join A Passionate and Active Community.Through a combination of synchronous and asynchronous online courses, you can create the course of study that works for you. Meet with professors and advisors for one-on-one virtual meetings to review coursework, gain industry expertise, and make lasting professional connections that can help you find the ideal career. Complete your 9-credit water resources certificate online in as few as two semesters. We’re here to help you. Learn about financial aid options.
What Can You Do With a Water Resources Modeling Certificate?Water resources modeling is about solving some of the most important issues today, such as climate change, water scarcity, and the demands of growing populations. Here are some popular jobs you can find with a water resources modeling certificate:
Get Started on Your Online Water Resources Certificate.Take the next step on your journey at Michigan Tech and join one of the top water resources modeling programs in the nation. We are here to answer your questions and to help you succeed in your online program. The 100% online, self-paced certificate program will give you a well-rounded foundation in the human resource management sector to keep your organization’s most valuable assets – its people – working as smoothly as you do. HR is both the glue that holds a business together and the grease that keeps its gears turning smoothly. It is the management of people: caring for their health and safety, managing their financial investment in the company, and fostering their growth within the organization and beyond. Every challenge is different when you work in HR, so being prepared to offer assistance in a variety of areas is essential. Price:$399 Access Time:365 days Estimated Length:21 hours Credits:2.1 IACET CEUs / 6 PMI PDUs / 21 HRCI Credits / 19.5 SHRM PDCs | ||||||||
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