Pass the WorldatWork Certified Compensation Professional CCP C17 Questions and answers with CertsForce

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Questions # 1:

How can job grades be assigned to non-benchmarked jobs?

Options:

A.

Jobs that have the same job title


B.

Jobs with the same job description


C.

Jobs which appear to be of similar overall job worth


D.

Jobs with similar educational requirements


Expert Solution
Questions # 2:

What is a "pay structure"?

Options:

A.

A system for distributing bonuses to employees


B.

A set of policies and procedures for administering employee pay


C.

The organization's approach to paying employees


D.

The specific salary levels and ranges for each job in the organization


Expert Solution
Questions # 3:

For which of the following would regression analysis be used?

Options:

A.

Estimating the change in market rates for jobs based on scope data


B.

Determining the market rate composite from several survey sources


C.

Determining the premium for a hybrid job


Expert Solution
Questions # 4:

A compensation philosophy includes which of the following?

Options:

A.

Information about each job in an organization?


B.

Information necessary to complete the job evaluation process.


C.

Principles that guide the design, implementation and administration of a compensation program.


D.

Statement of what the organization believes about how people should be rewarded.


Expert Solution
Questions # 5:

Why is the job worth hierarchy used?

Options:

A.

To establish a hierarchy of job titles within an organization


B.

To determine an employee's overall worth to the organization


C.

To ensure external equity among positions and groups of positions


D.

To determine internal equity among positions and groups of positions


Expert Solution
Questions # 6:

What information should documentation of sources and processes include?

Options:

A.

The number of participants in each survey used to price the job


B.

The name of the survey vendor used for each survey


C.

The method of aging the data from multiple surveys to a common point in time


D.

The specific individuals who conducted the job evaluation


Expert Solution
Questions # 7:

Which of the following is a consideration in determining if a survey should receive greater weight?

Options:

A.

The geographic location of the companies reported in the survey


B.

The job levels reported in the survey


C.

The quality of the survey vendor


D.

All of the above


Expert Solution
Questions # 8:

Which statement best describes the term relevant labor market(s)?

Options:

A.

markets which exclude geographic location and organizational size


B.

Labor market(s) against which the organization must equal its pay levels


C.

Market(s) from which an organization draws and loses its employees


D.

Labor market information that is generally applicable only to the manufacturing sector


Expert Solution
Questions # 9:

What information should documentation of sources and processes include?

Options:

A.

The price of the survey source and whether it has increased over time


B.

The average time needed to match a job to the survey source


C.

How many times per year the survey source is updated


D.

The method of aging the data from multiple surveys to a common point in time.


Expert Solution
Questions # 10:

Which survey data might incur a higher investment of time as well as the potential for antitrust violation?

Options:

A.

Conducting own survey


B.

Custom third-party surveys


C.

Published surveys


D.

All of the above


Expert Solution
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