SHRM-SCP Exam Dumps : SHRM Senior Certified Professional

Strategic Alignment: The first step in evaluating supply chain risks should be to review the firm's strategic objectives to ensure that the risk management plan aligns with the overall goals and priorities of the organization.

Risk Identification: Understanding the strategic objectives helps in identifying which areas of the supply chain are most critical to achieving these objectives and where potential disruptions could have the greatest impact.

Priority Setting: By aligning the risk assessment with strategic objectives, the team can prioritize risks that are most likely to hinder the firm’s ability to meet its goals, ensuring a focused and effective risk management approach.

Holistic View: Reviewing the strategic objectives provides a holistic view of the organization’s direction and helps in creating a risk management plan that supports long-term success and sustainability.

References:

SHRM-SCP Exam Content Outline

SHRM guidelines on risk management and strategic alignment

The scenario describes a joint community project. This type of community engagement involves collaboration between the company and nonprofit organizations to achieve common goals, such as improving living conditions in local communities. The company's involvement includes both financial support through grants and the active participation of key employees in managing the projects.

Definition: Joint community projects involve partnerships between businesses and community organizations to address social, economic, or environmental issues.

Financial Support: The company provides financial resources in the form of grants to support the initiatives of nonprofit organizations.

Employee Involvement: Key employees are assigned to help manage and oversee the projects, providing their expertise and skills to ensure successful implementation.

Mutual Benefits: These projects benefit the community by addressing local needs and improving living conditions, while the company enhances its reputation, fulfills corporate social responsibility (CSR) goals, and fosters employee engagement.

Sustainable Impact: Joint community projects often aim for sustainable, long-term impact by leveraging the strengths and resources of both the company and the nonprofit organizations.

References:

SHRM resources on corporate social responsibility and community engagement

Case studies on successful joint community projects and their outcomes

Expectancy Theory Overview: Expectancy theory suggests that employees are motivated when they believe that their efforts will lead to desirable performance and rewards. Custom selection benefit plans can enhance this belief by allowing employees to choose benefits that best meet their personal needs.

Linking Effort to Rewards: By offering custom selection benefit plans, employees can see a clear link between their work efforts and the rewards they receive, thereby increasing their motivation and engagement.

Personalized Benefits: Customizing benefits allows employees to select options that are most valuable to them, making them feel appreciated and understood by the organization, which boosts engagement.

Enhanced Satisfaction: Expectancy theory posits that when employees expect that their efforts will lead to valued rewards, their satisfaction and motivation levels increase. Custom benefit plans directly support this by providing tailored rewards.

References:

SHRM-SCP Exam Content Outline

SHRM guidelines on employee motivation and benefit plan customization