100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
SHRM CP EXAM STUDY GUIDE WITH COMPLETE SOLUTIONS $12.49   Add to cart

Exam (elaborations)

SHRM CP EXAM STUDY GUIDE WITH COMPLETE SOLUTIONS

 5 views  0 purchase
  • Course
  • SHRM
  • Institution
  • SHRM

SHRM CP EXAM STUDY GUIDE WITH COMPLETE SOLUTIONS Career Planning - Answer-Actions & activities that individuals perform in order to give direction to their work lives. Brain drain - Answer-Exit of educated & skilled citizens from emerging & developing countries for better paying jobs in develo...

[Show more]

Preview 4 out of 47  pages

  • October 15, 2024
  • 47
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • SHRM
  • SHRM
avatar-seller
Emillect
EMILLECT 2024/2025 ACADEMIC YEAR ©2024 EMILLECT. ALL RIGHTS RESERVED. FIRST PUBLISH OCTOBER 2024.




SHRM CP EXAM STUDY GUIDE
WITH COMPLETE SOLUTIONS

Career Planning - Answer✔✔-Actions & activities that individuals perform in order to give

direction to their work lives.


Brain drain - Answer✔✔-Exit of educated & skilled citizens from emerging & developing

countries for better paying jobs in developed countries.


Auditory learners - Answer✔✔-People who learn best by relying on their sense of hearing.


Andragogy - Answer✔✔-Study of how adults learn.


Cost-of-living adjustment (COLA) - Answer✔✔-Pay adjustment given to eligible employees

regardless of performance or organizational profitability; usually linked to inflation.


Compa-ratio - Answer✔✔-Pay rate divided by the midpoint of the pay range.


Broadbanding - Answer✔✔-Combining several salary grades or job classifications with narrow

pay ranges unto one brand with a wider salary spread.


Behavioral interview - Answer✔✔-Type of interview that focuses on how applicants previously

handled real situations.


Applicant tracking software (ATS) - Answer✔✔-Software that provides an automated way for

organizations to manage the recruiting process.
Page 1/47

,EMILLECT 2024/2025 ACADEMIC YEAR ©2024 EMILLECT. ALL RIGHTS RESERVED. FIRST PUBLISH OCTOBER 2024.



Developmental activities - Answer✔✔-Activities that focus on preparing employees for future

responsibilities while increasing their capacity to perform their current jobs.


Compensation - Answer✔✔-All financial returns (beyond any benefits payments or services),

including salary and allowances.


Career development - Answer✔✔-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 - Answer✔✔-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 - Answer✔✔-Related to technical skills training; often a partnership between

employers and unions.


Competency-based interview - Answer✔✔-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 - Answer✔✔-5 step instructional design process that governs the development of

learning programs.


Assessment centers - Answer✔✔-Assessment tools that provide candidates a wide range of

leadership situations and problem-solving exercises.


Blended learning - Answer✔✔-Planned approach to learning that included a combination of

instructor-led training, self-directed study, and /or on-the-job training.

Page 2/47

,EMILLECT 2024/2025 ACADEMIC YEAR ©2024 EMILLECT. ALL RIGHTS RESERVED. FIRST PUBLISH OCTOBER 2024.



Career management - Answer✔✔-Preparing, implementing, and monitoring employees' career

paths, with a primary focus on the goals and needs of the organization.


Competencies - Answer✔✔-Clusters of highly interrelated attributes, including knowledge,

skills, or abilities (KSA) that give rise to the behaviors needed to perform a given job effectively.


Strategy - Answer✔✔-A plan of action for accomplishing an organization's long-range goals.


SWOT analysis - Answer✔✔-Process for assessing an organization's strategic capabilities in

comparison to threats and opportunities identified during environmental scanning.


Value drivers - Answer✔✔-Actions, processes, or results that are needed to deliver a desired

value.


Vision statement - Answer✔✔-Vivid, guiding image of an organization's desired future, the

future it hopes to attain through its strategy.


Organizational values - Answer✔✔-Beliefs that are important to an organization and often

dictate employee behavior.


Strategic fit - Answer✔✔-A state in which an organization's strategy is consistent with its

external opportunities and circumstances and its internal structure, resources, and capabilities.


Strategic management - Answer✔✔-The actions that leaders take to move their organizations

toward those goals and create value for all stakeholders.


Strategic planning - Answer✔✔-The process of setting goals and designing a path toward a

competitive position.
Page 3/47

, EMILLECT 2024/2025 ACADEMIC YEAR ©2024 EMILLECT. ALL RIGHTS RESERVED. FIRST PUBLISH OCTOBER 2024.



Metrics - Answer✔✔-Performance parameters based on the relationship between 2 or more

measures.


Mission statement - Answer✔✔-Statement that specifies what activities an organization intends

to pursue and what course management has carted for the future; a concise statement of its

strategy.


Net profit margin - Answer✔✔-Ratio of net income (gross sales minus expenses and taxes) to

net sales.


Organizational culture - Answer✔✔-The basic beliefs and customs shared by members of an

organization that contribute to an organization's sense of its identity.


Income statement - Answer✔✔-Statement that reports revenues, expenses, and net income

(profit) for a specified period.


Lagging indicator - Answer✔✔-Type of metric that describes an activity that has already

occurred.


Leading indicator - Answer✔✔-Type of metric that describes an activity that can change future

performance and indicate higher degree of success in achieving strategic goals.


Liabilities - Answer✔✔-Organization's debts and other financial obligations.


Due diligence - Answer✔✔-Necessary level of care and attention that is taken to investigate an

action before it is taken.




Page 4/47

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Emillect. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

85443 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.49
  • (0)
  Add to cart