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SPHR Questions - Part 50
1. Jennifer is the HR Professional for her organization. Her supervisor, Dan, has asked Jennifer to find the Compa-ratio for Sam. Sam earns $40,000 as a mechanic, but the midpoint for a mechanic is actually $50,000. What is the Compa-ratio for Sam?
A) ($10,000)
B) 125 percent
C) 80 percent
D) $10,000
2. What provides the framework for collecting information about factors that are relevant to the planning process?
A) An internal assessment
B) A SWOT analysis
C) A PEST analysis
D) An environmental scan
3. Human resource professionals are likely to use third-party contracts when doing which of the following?
A) Conducting a job evaluation
B) Hiring a full-time executive
C) Writing the employee handbook
D) Hiring a temporary employee
4. Which of the following provides incentives to sales employees by paying them a percentage of the sale price for products and services sold to a customer?
A) Geographic pay
B) Base pay
C) Commissions
D) Hazard pay
5. what nonmathematical forecasting technique uses rounds of anonymous surveys among participants to determine consensus on the direction of employment trends, candidate selection, or other forecasting topics?
A) Trend analysis
B) Qualitative forecast
C) Management forecast
D) Delphi Technique
A) ($10,000)
B) 125 percent
C) 80 percent
D) $10,000
2. What provides the framework for collecting information about factors that are relevant to the planning process?
A) An internal assessment
B) A SWOT analysis
C) A PEST analysis
D) An environmental scan
3. Human resource professionals are likely to use third-party contracts when doing which of the following?
A) Conducting a job evaluation
B) Hiring a full-time executive
C) Writing the employee handbook
D) Hiring a temporary employee
4. Which of the following provides incentives to sales employees by paying them a percentage of the sale price for products and services sold to a customer?
A) Geographic pay
B) Base pay
C) Commissions
D) Hazard pay
5. what nonmathematical forecasting technique uses rounds of anonymous surveys among participants to determine consensus on the direction of employment trends, candidate selection, or other forecasting topics?
A) Trend analysis
B) Qualitative forecast
C) Management forecast
D) Delphi Technique
1. Right Answer: C
Explanation: Answer option C is correct.The compa-ratio helps organizations determine how closely an employee's pay is in synch with market. You must also consider the length of employment, service, skills, and other factors in the decision for compensation. The ratio is found by dividing the employees' salary ($40,000) by the midpoint for the role ($50,000) for the ratio of 80 percent.Answer options A, D, and B are incorrect. These are not valid calculations for the compa-ratio.Certification Institute, ISBN: 978-1-586-44149-4, Section III, The US HR Body of Knowledge.Chapter: Compensation and BenefitsObjective: Compensation
2. Right Answer: D
Explanation: Answer option D is correct.An environmental scan is used to gather the information used to forecast future business conditions. SWOT (B) and PEST (C) analyses are tools used during an environmental scan. An internal assessment (A) is another tool used during strategic planning. See Chapters 2 and 3 for more information.Chapter: Core Knowledge Requirements for HR ProfessionalsObjective: Environmental Scanning Concepts
3. Right Answer: D
Explanation: Answer option D is correct.In a third-party contract, some or all of the work is performed by an individual who is not a party to the contract. There are many examples of third-party contracts in business; perhaps the best known for HR professionals is an agreement with a temp agency in which the company agrees to pay the temp agency for services provided by an employee of the agency. See Chapters 2 and 4 for more information.Chapter: Core Knowledge Requirements for HR ProfessionalsObjective: Third-Party Contract Management
4. Right Answer: C
Explanation: Answer option C is correct.Commissions provide incentives to sales employees by paying them a percentage of the sale price for products and services sold to a customer.Commission is a type of incentive to sales employees. The company pays them a percentage of the sale price for products and services sold to a customer.Commission may serve as the entire cash compensation package, or it may be provided in combination with a base salary.Answer option B is incorrect. Base pay is the amount of compensation that the employer and the employee agree will be paid for the performance of particular duties.Answer option D is incorrect. Hazard pay is additional pay for dangerous or risky working conditions.Answer option A is incorrect. Geographic pay ensures that employees working in different locations are paid at rates competitive in the labor market for specific jobs and locations.Chapter: Compensation and BenefitsObjective: Total Rewards Defined
5. Right Answer: D
Explanation: Answer option D is correct.The Delphi Technique is a nonmathematical forecasting technique to find consensus. The approach uses rounds of anonymous surveys to remove influence of parties and repercussion of opinions.Answer option C is incorrect. A management forecast is a nonmathematical forecasting technique that relies on organization's managers as a source of expert judgment.Answer option B is incorrect. Qualitative forecast is a generic term for a qualified forecast based on given information, experience, or preferences.Answer option A is incorrect. Trend analysis is a forecasting method but it is a mathematical model to predict likely outcomes.Certification Guide, HR Certification Institute, ISBN: 978-1-586-44149, Section III, The US HR Body of Knowledge.Chapter: Core Knowledge Requirements for HR ProfessionalsObjective: Qualitative and Quantitative Analysis
Explanation: Answer option C is correct.The compa-ratio helps organizations determine how closely an employee's pay is in synch with market. You must also consider the length of employment, service, skills, and other factors in the decision for compensation. The ratio is found by dividing the employees' salary ($40,000) by the midpoint for the role ($50,000) for the ratio of 80 percent.Answer options A, D, and B are incorrect. These are not valid calculations for the compa-ratio.Certification Institute, ISBN: 978-1-586-44149-4, Section III, The US HR Body of Knowledge.Chapter: Compensation and BenefitsObjective: Compensation
2. Right Answer: D
Explanation: Answer option D is correct.An environmental scan is used to gather the information used to forecast future business conditions. SWOT (B) and PEST (C) analyses are tools used during an environmental scan. An internal assessment (A) is another tool used during strategic planning. See Chapters 2 and 3 for more information.Chapter: Core Knowledge Requirements for HR ProfessionalsObjective: Environmental Scanning Concepts
3. Right Answer: D
Explanation: Answer option D is correct.In a third-party contract, some or all of the work is performed by an individual who is not a party to the contract. There are many examples of third-party contracts in business; perhaps the best known for HR professionals is an agreement with a temp agency in which the company agrees to pay the temp agency for services provided by an employee of the agency. See Chapters 2 and 4 for more information.Chapter: Core Knowledge Requirements for HR ProfessionalsObjective: Third-Party Contract Management
4. Right Answer: C
Explanation: Answer option C is correct.Commissions provide incentives to sales employees by paying them a percentage of the sale price for products and services sold to a customer.Commission is a type of incentive to sales employees. The company pays them a percentage of the sale price for products and services sold to a customer.Commission may serve as the entire cash compensation package, or it may be provided in combination with a base salary.Answer option B is incorrect. Base pay is the amount of compensation that the employer and the employee agree will be paid for the performance of particular duties.Answer option D is incorrect. Hazard pay is additional pay for dangerous or risky working conditions.Answer option A is incorrect. Geographic pay ensures that employees working in different locations are paid at rates competitive in the labor market for specific jobs and locations.Chapter: Compensation and BenefitsObjective: Total Rewards Defined
5. Right Answer: D
Explanation: Answer option D is correct.The Delphi Technique is a nonmathematical forecasting technique to find consensus. The approach uses rounds of anonymous surveys to remove influence of parties and repercussion of opinions.Answer option C is incorrect. A management forecast is a nonmathematical forecasting technique that relies on organization's managers as a source of expert judgment.Answer option B is incorrect. Qualitative forecast is a generic term for a qualified forecast based on given information, experience, or preferences.Answer option A is incorrect. Trend analysis is a forecasting method but it is a mathematical model to predict likely outcomes.Certification Guide, HR Certification Institute, ISBN: 978-1-586-44149, Section III, The US HR Body of Knowledge.Chapter: Core Knowledge Requirements for HR ProfessionalsObjective: Qualitative and Quantitative Analysis
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