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Guide for Worldatwork Certified Executive Compensation Professional

Quiz Worldatwork Certified Executive Compensation Professional

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/ 10

Quiz

1/10
Administering budgets is an example of what key competency for compensation professionals?
Select the answer
1 correct answer
A.
Financial Management
B.
HR Management
C.
Resource Management
D.
Policy Management

Quiz

2/10
“Cost-benefit thinking” is most useful in the context of financial management for purposes of what?
Select the answer
1 correct answer
A.
Procurement
B.
Recruiting
C.
Setting priorities
D.
Plan administration

Quiz

3/10
To ensure appropriate funding levels, the compensation professional must generally do which of the following?
Select the answer
1 correct answer
A.
Possess a high level of education and competency in accounting principles
B.
Determine which programs are crucial to the enterprise and which programs are expendable
C.
Partner with multiple departments and external consultants and vendors
D.
Demonstrate broad understanding of principles of financial management and business expertise

Quiz

4/10
Understanding basic organization design principles is an example of what key competency for compensation professionals?
Select the answer
1 correct answer
A.
Financial Management
B.
HR Management
C.
Resource Management
D.
Policy Management

Quiz

5/10
Assessment of current and future staffing needs should be based primarily on what?
Select the answer
1 correct answer
A.
Compensation budgets only because staffing cannot exceed the funds available
B.
A combination of organizational goals and budget realities
C.
The consensus of HR management and line management estimates
D.
The opinions of senior leaders in the organization

Quiz

6/10
What best describes a key competency of compensation professionals regarding HR management of the organization’s employees?
Select the answer
1 correct answer
A.
Ensuring they are appropriately selected, developed, appraised and rewarded
B.
Monitoring individual employee career paths and succession planning
C.
Communicating regularly with line management on performance management
D.
Ensuring that all regulatory and voluntary payroll deductions are properly administered

Quiz

7/10
Using efficient and cost-effective approaches to integrate technology into the workplace is an example of what key competency for compensation professionals?
Select the answer
1 correct answer
A.
Financial Management
B.
HR Management
C.
Resource Management
D.
Policy Management

Quiz

8/10
What best describes the most effective approach for facilitating fact-based decisions?
Select the answer
1 correct answer
A.
Ensuring support from all internal and external stakeholders
B.
Estimating results based on historical data
C.
Using statistical methods to predict outcomes
D.
Determining, sourcing and collecting appropriate data

Quiz

9/10
Using efficient and cost-effective approaches to integrate technology into the workplace is most likely to do what?
Select the answer
1 correct answer
A.
Reduce compensation expense
B.
Improve program efficacy
C.
Select the best vendors
D.
Compensate employees competitively

Quiz

10/10
Regarding key competencies for financial management, HR management and resource management, what sets top performers apart?
Select the answer
1 correct answer
A.
The level of formal education in each area
B.
The ability to prioritize which is most critical in any given situation and allocate time and resources accordingly
C.
The ability to tie them together, distill key messages and make impactful decisions
D.
Effective interpersonal and communication skills that can overshadow minor deficiencies in any one area
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Info quiz:

  • Quiz name:Worldatwork Certified Executive Compensation Professional
  • Total number of questions:99
  • Number of questions for the test:50
  • Pass score:80%

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