Practice Test- SHRM CP Questions and Answers Rated A+

Practice Test- SHRM CP Questions and Answers Rated A+ What is Human Capital Planning? Human Capital planning is a systematic process for identifying the resource pool and its capabilities to meet organization goals and developing the strategies to meet the requirements to fulfill those goals. A Human Management Capital plan is forward thinking; the questions asked look at the present and into the future. What is an environmental scan and how does it pertain to strategic planning? An environmental scan has to do with the gathering of information that will help to project company growth and development. An environmental scan helps a company to review historical data to begin the process of preparing for expected or planned growth in the company. Why do HR professionals need to understand the legal process? Legislation influences the relationship between employers and employees, and the human resources professional is responsible for understanding this relationship. The legislation that will affect a business often will affect the business's relationship with its employees. What is the first step that must be taken for an idea to be presented as a bill to congress? When an idea for a bill originates from an individual or business outside of Congress, the idea must first be submitted to a member of congress (or MOC). This MOC may be either a senator or representative. What is the Foreign Corrupt Practices Act of 1977? Establishes the rules for preventing bribery and penalizing occurrences of it within corporations that exist in several countries. What are the steps in the strategic planning process? Environmental Scanning, Formulating strategy, Implementing strategy, Making adjustments to strategyDemocratic Leadership Style: a type of leadership style in which members of the group take a more participative role in the decision-making process. Coaching Leadership Style: Coaching leaders are very effective in settings where performance or results need improvement. They help others to advance their skills; they build bench strength, and provide a lot of guidance. The coaching leadership style is most effective when followers are more responsible, experienced, and agreeable. Transactional Leadership Style: a style of leadership that focuses on supervision, organization, and performance; transactional leadership is a style of leadership in which leaders promote compliance by followers through both rewards and punishments. Transformational Leadership Style: a style of leadership where a leader works with subordinates to identify needed change, creating a vision to guide the change through inspiration, and executing the change in tandem with committed members of a group. What standard budget responsibilities does HR have? Payroll taxes, travel expenses, repairs and maintenance, & employee benefits. The FLSA retains a certification of age for all employees for how long? Until their employment is terminated. When is a company required to pay their employee more than the federal minimum wage? When state minimum wage is higher than the federal minimum wage, the company is required to pay the state minimum wage over the federal .