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Certified Executive Compensation Professional Questions and Answers

Question 5

What best describes a key competency of compensation professionals regarding HR management of the organization’s employees?

Options:

Ensuring they are appropriately selected, developed, appraised and rewarded

Monitoring individual employee career paths and succession planning

Communicating regularly with line management on performance management

Ensuring that all regulatory and voluntary payroll deductions are properly administered

Question 6

Using efficient and cost-effective approaches to integrate technology into the workplace is most likely to do what?

Options:

Reduce compensation expense

Improve program efficacy

Select the best vendors

Compensate employees competitively

Question 7

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?

Options:

By using cash from other segments of the business

By using its high credit rating from prior years to receive a line of credit until the strategy begins to work

By selling its products and services at a loss until revenue increases and slowly raising prices until it begins to break even

By identifying and duplicating the strategy used by its main competitor.

Question 8

Which of the following is the best definition of variable pay?

Options:

Compensation that is given in the form of perquisites such as a company car, fitness membership, paid training, etc.

Compensation that is nondiscretionary and does not vary according to performance or results

Compensation that is contingent on discretion, performance or results

Compensation that is determined by the organization's pay structure

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Certified Executive Compensation Professional Questions and Answers

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CompTIA

Fortinet

Microsoft

Salesforce