SHRM CP EXAM | Questions and Answers, 100% Correct

SHRM CP EXAM | Questions and Answers, 100% Correct Career Planning Actions & activities that individuals perform in order to give direction to their work lives. Brain drain Exit of educated & skilled citizens from emerging & developing countries for better paying jobs in developed countries. Auditory learners People who learn best by relying on their sense of hearing. Andragogy Study of how adults learn. Cost-of-living adjustment (COLA) Pay adjustment given to eligible employees regardless of performance or organizational profitability; usually linked to inflation. Compa-ratio Pay rate divided by the midpoint of the pay range. Broadbanding Combining several salary grades or job classifications with narrow pay ranges unto one brand with a wider salary spread.Behavioral interview Type of interview that focuses on how applicants previously handled real situations. Applicant tracking software (ATS) Software that provides an automated way for organizations to manage the recruiting process. Developmental activities Activities that focus on preparing employees for future responsibilities while increasing their capacity to perform their current jobs. Compensation All financial returns (beyond any benefits payments or services), including salary and allowances. Career development 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 Payments or services provided to employees to cover issues such as retirement, health care, sick pay/disability schemes, life insurance, and paid time off