SHRM - CP Final Exam Questions With Quality Answers 2024.

Human Capital - correct answer the skills and knowledge gained by a worker through education and experience Perquisite - correct answer a privilege that goes along with a job; a "perk" Compensation - correct answer payment Benefit - correct answer non-monetary payments like insurance, vacation, income protection, retirement benefits Amount of HR strategy alternatives - correct answer 4 Drug-free workplace act provides - correct answer Details on counseling and rehab programs, details on danger of drugs, penalties of drug violations Lilly Ledbetter Act - correct answer extended the time period available to a woman claiming gender discrimination in the workplace due to fair pay Geographic differential pay - correct answer Pay based on where an employee works. Key risk indicators (KRIs) - correct answer Metrics that provide an early signal of increasing risk exposures in the various areas of an enterprise. Identified risk What should be done after you train employees on how to handle risks - correct answer Assign ownership to certain concerns What can be done to resolve risks based on an enterprise's risk management process - correct answer Create an action plan, find ways to eliminate redundancy, assess how you can avoid risks What should you review when analyzing management? - correct answer How a team is capable of handling risks Person-based pay - correct answer Pay systems in which employee characteristics, rather than the job, determine pay. How well a person can work based on competency Structural change - correct answer A change in the hierarchy in the workplace Floundering business - correct answer Struggling, but unaware of disruption, able to pivot