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Worldatwork Exam CECP Topic 4 Question 64 Discussion

Actual exam question for Worldatwork's CECP exam
Question #: 64
Topic #: 4
[All CECP Questions]

Why are lump-sum increases generally used?

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Suggested Answer: A

by Kimberely at Jul 18, 2024, 05:27 AM

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Viola
3 months ago
Wait, so are we talking about lump-sum increases or lump-sum deposits? I'm getting my financial terms mixed up here. Someone call an accountant!
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Roselle
3 months ago
Hmm, I'm not too keen on making up for benefits that should be provided. Option D sounds a bit like a bandaid solution to me.
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Hoa
3 months ago
Rewards for short-term incentives? Count me in! Option C gets my vote. Who doesn't love a little bonus now and then?
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Deandrea
3 months ago
Option A makes the most sense to me. Controlling those pesky fixed costs is key, especially with the way inflation is these days.
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Alyce
2 months ago
Yes, it's a delicate balance but necessary for the overall success of the organization.
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Tamesha
2 months ago
Lump-sum increases can be a strategic way to balance cost control and employee recognition.
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Aretha
2 months ago
It's important to find ways to manage costs while still rewarding employees for their hard work.
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Vonda
3 months ago
I agree, controlling fixed costs is crucial for the organization's financial stability.
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Shelia
3 months ago
A lump-sum increase? I'd rather get a raise that sticks around, not just a one-time boost. Option B seems like the way to go.
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Yolando
3 months ago
Yeah, option B makes more sense for long-term motivation.
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Caitlin
3 months ago
I agree, a raise that sticks around is definitely more appealing.
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Maryanne
3 months ago
I think it's a combination of both, controlling costs and rewarding employees.
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Felicia
4 months ago
I believe lump-sum increases are also used to reward employees under short-term incentive plans.
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Ronnie
4 months ago
I agree with Helga, it helps in managing costs effectively.
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Helga
4 months ago
I think lump-sum increases are used to control fixed costs.
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