Worldatwork Exam CECP Topic 1 Question 50 Discussion

Actual exam question for Worldatwork's CECP exam

Question #: 50
Topic #: 1

[All CECP Questions]

What is a primary objective of profit-sharing and performance-sharing variable pay plans?

ATo achieve organizational cost savings through base pay reductions

BTo increase employee identification with the organization's success

CTo defer compensation expenses to future reporting periods

DTo reward individual employees for some significant contribution

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Suggested Answer: A

by Helga at Dec 26, 2023, 01:30 AM

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10 hours ago

I believe it's important to reward individual employees for their significant contributions. It helps in retaining top talent.

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2 days ago

I agree with Luisa. It motivates employees to work harder when they know they will be rewarded for their contributions.

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5 days ago

I think the primary objective is to increase employee identification with the organization's success.

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