Worldatwork Exam CECP Topic 1 Question 53 Discussion

Actual exam question for Worldatwork's Certified Executive Compensation Professional Exam exam

Question #: 53
Topic #: 1

Why are lump-sum increases generally used?

ATo control annual fixed costs from base pay adjustments

BTo elevate employees who are below the midpoint in the range

CTo reward employees under short-term incentive plans

DTo make up for benefits not provided by the organization

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Suggested Answer: A

by Clorinda at Mar 08, 2024, 04:48 AM

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1 days ago

I agree, it helps organizations manage their budget and not increase fixed costs.

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2 days ago

I think lump-sum increases are generally used to control annual fixed costs from base pay adjustments.

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