Worldatwork Exam CECP Topic 4 Question 62 Discussion

Actual exam question for Worldatwork's Certified Executive Compensation Professional Exam exam

Question #: 62
Topic #: 4

[All Certified Executive Compensation Professional Exam Questions]

Why are lump-sum increases generally used?

ATo control annual fixed costs from base pay adjustments

BTo elevate employees who are below the midpoint in the range

CTo reward employees under short-term incentive plans

DTo make up for benefits not provided by the organization

Show Suggested Answer

Suggested Answer: A

by Bo at Jul 03, 2024, 06:57 AM

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Thaddeus

1 months ago

I think it's a combination of both controlling costs and rewarding employees. It depends on the organization's strategy.

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Donte

1 months ago

I believe lump-sum increases are also used to reward employees who are below the midpoint.

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Shad

1 months ago

Personally, I think C is the way to go. Rewarding employees with short-term incentives is the key to keeping them motivated, like dangling a carrot in front of a horse, but with more dollar signs.

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Douglass

10 days ago

I think lump-sum increases are more about controlling costs and rewarding performance.

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Peggie

24 days ago

I agree, short-term incentives can really boost morale and productivity.

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Shonda

1 months ago

I agree with Alaine, it helps in managing costs effectively.

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Grover

1 months ago

Option B seems like the way to go. Who doesn't love elevating employees? It's like giving them a little boost, like a trampoline for their paychecks.

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Loreta

16 days ago

Definitely, it helps keep employees engaged and satisfied with their compensation.

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Erick

17 days ago

I agree, it's a great way to motivate and retain employees.

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Darrin

2 months ago

A lump-sum increase is a great way to control those pesky annual fixed costs. It's like putting a bandaid on a bullet wound, but hey, at least it's something, right?

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Brittani

1 months ago

B) To elevate employees who are below the midpoint in the range

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Glendora

1 months ago

A) To control annual fixed costs from base pay adjustments

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Alaine

2 months ago

I think lump-sum increases are used to control fixed costs.

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