Shrm marks4sure senior Certified Professional Shrm-scp Book by Georgie q134 vce pdf

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SHRM SHRM-SCP Exam Overview :

Exam Name:	SHRM Senior Certified Professional
Exam Code:	SHRM-SCP Dumps
Vendor:	SHRM	Certification:	Senior Certified Professional
Questions:	134 Q&A's	Shared By:	georgie

Question 36

A rapidly growing company in a competitive labor market has been paying above-market wages. To better align base salaries to the market median, the company is considering a change. Which plan helps keep the firm above the current market?

Options:

Offer increased incentives while implementing a salary freeze until the competitive market catches up.

Introduce salary cuts with a profit-sharing plan that awards the same percentage to all employees.

Maintain current salaries while introducing flextime, telecommuting, job sharing, and other family-friendly benefits.

Create new base salaries by establishing different compensation plans for different organizational levels.

Discussion

Answer:

Explanation:

Maintaining Competitive Salaries: Keeping current salaries helps the company remain competitive in the labor market, ensuring that it continues to attract and retain top talent.

[: SHRM emphasizes the importance of competitive compensation in attracting and retaining employees, especially in a competitive labor market., Introducing Flexible Benefits: Offering flextime, telecommuting, job sharing, and other family-friendly benefits can enhance the overall attractiveness of the compensation package. These benefits are highly valued by employees and can improve work-life balance, job satisfaction, and loyalty., Reference: According to SHRM, flexible work arrangements and family-friendly benefits are increasingly important for employees and can be a key differentiator in competitive labor markets., Total Rewards Strategy: Combining competitive salaries with flexible benefits creates a comprehensive total rewards package that meets diverse employee needs and preferences. This approach can enhance employee engagement and productivity., Reference: SHRM advocates for a total rewards approach, which includes not only salary but also benefits, work-life balance, recognition, and development opportunities., Cost Management: While maintaining current salaries, the introduction of flexible benefits can be a cost-effective way to enhance the total compensation package without significant increases in direct salary expenses., Reference: SHRM documents highlight the importance of balancing cost management with employee satisfaction in compensation strategy., Implementation and Communication: Clearly communicate the new benefits to employees, highlighting how these changes support their needs and contribute to a positive work environment. Effective communication ensures that employees fully understand and appreciate the value of the new benefits., Reference: SHRM stresses the importance of communication in the successful implementation of new compensation and benefits programs., By maintaining current salaries and introducing flexible, family-friendly benefits, the company can continue to attract and retain top talent while managing costs effectively, as recommended by SHRM., ]

Question 37

The marketing department at a large financial services company chooses five high-performing staff members every year to receive a performance award, which includes a monetary reward and recognition at an end-of-year meeting. Employees are chosen by managers in the marketing department. Each manager nominates two direct reports, and then all managers meet as a group to discuss nominees until a consensus is reached. The names of the winners are given to HR for final approval. The marketing department is preparing to begin this year's nomination process. There have been repeat winners in each of the last three years. A marketing employee files a complaint with the HR director about favoritism in the award process. Additionally, the employee points out that newer employees rarely win the award, which lowers their morale. New employees tend not to win because they spend a couple of years training and shadowing experienced employees before receiving tasks to perform independently.

After the nominations are submitted to HR, a product manager asks the HR director not to approve a nominee who recently insulted the manager during an argument. Which action should the HR director take?

Options:

Direct the manager to discuss the issue with the employee.

Meet with the nominee to learn more information about the incident.

Explain to the manager that the award is based on performance and not interpersonal relationships.

Suggest the manager should not influence awards for the marketing department.

Discussion

Question 38

Which compensation program is offered to encourage recipients to create long-term shareholder value?

Options:

Stock options

Deferred compensation

Incentive plan

Profit sharing

Discussion

Question 39

The president of a large company is planning to retire soon. The president has been with the company for 40 years, the longest tenure of any employee in the company, and has been president for the last 10 years. In addition to replacing its top leader, the company is also in the midst of conducting strategic planning for the next three years. The HR director has been placed in charge of overseeing the selection and transition process for the new president and has organized a search committee consisting of external board members. The search committee has identified three internal candidates for the position and must move forward with the process of selecting one to be president.

The candidates for the position are all engineers with limited experience in business management. What is the best indicator that the candidates will be able to succeed in the position despite a lack of business background?

Options:

Consistently high ratings by colleagues on interpersonal skills

Commitment to pursue an executive master's of business administration soon after assuming the position

Demonstrated success in making sound business decisions in recent positions

Scoring highly on a competency-based managerial assessment of business skills

Discussion

Answer:

Explanation:

Demonstrated Business Acumen:

Importance: Successful business decision-making indicates that the candidates possess practical business acumen, which is crucial for the role of president.

Evidence of Capability: Past success in business decisions reflects their ability to navigate complex business challenges and contribute to strategic goals.

[Reference: SHRM highlights the importance of demonstrated competencies and past performance as key indicators of future success in leadership roles (SHRM, Competency Model for Leadership)., Practical Experience:, Relevance: Candidates with practical experience in making business decisions are likely to adapt more quickly to the demands of the president role., Decision-Making Skills: Practical decision-making skills are critical for strategic planning, financial management, and organizational leadership., Reference: According to SHRM, practical experience in relevant areas is a strong predictor of leadership effectiveness (SHRM, Identifying High-Potential Leaders)., Comparison with Other Options:, Interpersonal Skills: While important, high ratings on interpersonal skills alone do not necessarily indicate business decision-making ability., Commitment to Education: Pursuing an executive MBA is beneficial, but it does not provide immediate evidence of decision-making skills., Assessment Scores: High scores on assessments indicate potential but do not replace demonstrated real-world success., Reference: SHRM emphasizes the importance of balancing potential (e.g., assessment scores) with proven track records (SHRM, Talent Management: Identifying and Developing Future Leaders)., References:, SHRM. (n.d.). Competency Model for Leadership. Society for Human Resource Management., SHRM. (n.d.). Identifying High-Potential Leaders. Society for Human Resource Management., SHRM. (n.d.). Talent Management: Identifying and Developing Future Leaders. Society for Human Resource Management., , ]

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