SHRM CP EXAM 2023

SHRM CP EXAM 2023 Career Planning - ANS-Actions & activities that individuals perform in order to give direction to their work lives. Brain drain - ANS-Exit of educated & skilled citizens from emerging & developing countries for better paying jobs in developed countries. Auditory learners - ANS-People who learn best by relying on their sense of hearing. Andragogy - ANS-Study of how adults learn. Cost-of-living adjustment (COLA) - ANS-Pay adjustment given to eligible employees regardless of performance or organizational profitability; usually linked to inflation. Compa-ratio - ANS-Pay rate divided by the midpoint of the pay range. Broadbanding - ANS-Combining several salary grades or job classifications with narrow pay ranges unto one brand with a wider salary spread. Behavioral interview - ANS-Type of interview that focuses on how applicants previously handled real situations. Applicant tracking software (ATS) - ANS-Software that provides an automated way for organizations to manage the recruiting process. Developmental activities - ANS-Activities that focus on preparing employees for future responsibilities while increasing their capacity to perform their current jobs. Compensation - ANS-All financial returns (beyond any benefits payments or services), including salary and allowances. Career development - ANS-Process by which employees progress through a series of stages in their careers, each of which is characterized by relatively unique, themes, and tasks. Benefits - ANS-Payments or services provided to employees to cover issues such as retirement, health care, sick pay/disability schemes, life insurance, and paid time off. Apprenticeship - ANS-Related to technical skills training; often a partnership between employers and unions. Competency-based interview - ANS-Type of interview in which the interviewer asks questions related to competencies for the position and asks candidates to provide examples of times they demonstrated the competencies. ADDIE model - Continues...