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HRCI GPHR Exam - Topic 1 Question 33 Discussion

Let's assume you are a HR Manager at a high tech start-up company in its late stages with 3 rounds of funding. The firm's cash balance is $13 million, with a burn rate off $1 million/per month. It anticipates a break-even within 1 1/2 years, and there are no plans for acquisition or IPO within the next year. The company is an opto-electronics company, which is a highly specialized niche within the telecommunications industry. You are building out a team for Operations, which will be made up of experienced individuals from top competitor. What is the most appropriate compensation philosophy for this organization?
C) At the market
A) Lag the market
B) Lead the market
D) Compensation that the ideal candidate demands

HRCI GPHR Exam - Topic 1 Question 33 Discussion

Actual exam question for HRCI's GPHR exam
Question #: 33
Topic #: 1
[All GPHR Questions]

Let's assume you are a HR Manager at a high tech start-up company in its late stages with 3 rounds of funding. The firm's cash balance is $13 million, with a burn rate off $1 million/per month. It anticipates a break-even within 1 1/2 years, and there are no plans for acquisition or IPO within the next year. The company is an opto-electronics company, which is a highly specialized niche within the telecommunications industry. You are building out a team for Operations, which will be made up of experienced individuals from top competitor. What is the most appropriate compensation philosophy for this organization?

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Suggested Answer: C

by Shawna at Jun 27, 2022, 04:08 PM

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Huey
8 months ago
Surprised they’re not considering an IPO soon with that cash flow!
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Johnetta
8 months ago
Compensation based on candidate demands? Sounds a bit too flexible.
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Deeanna
9 months ago
At the market seems reasonable, but we need to stand out.
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Tuyet
9 months ago
Lagging the market? That’s risky with such a specialized team.
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Melvin
9 months ago
I think leading the market makes sense for attracting top talent.
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Luther
9 months ago
I feel like compensation that the ideal candidate demands could be a good strategy, but it really depends on how competitive the talent pool is in this niche industry.
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Cortney
9 months ago
I practiced a similar question where the company was in a growth phase. I think at the market could be a safe approach, but it might not stand out enough to get the best candidates.
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Lorean
9 months ago
I remember discussing how a start-up with a limited cash flow might need to be cautious about compensation. Lagging the market could save money, but it might not attract top talent.
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Renea
9 months ago
I think leading the market could be risky given the burn rate, but it might be necessary to attract experienced individuals from competitors. I’m not entirely sure though.
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Shanice
9 months ago
I'm a bit unsure about this one. I'll have to review my notes on human visual perception.
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Emiko
9 months ago
Okay, I've got this. ATM and Frame-Relay use virtual circuits to create a logical separation of traffic, so that's the answer. Virtual circuits allow them to keep different customers' or traffic types' data separate on the same physical wire.
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Buck
10 months ago
Okay, I've got this. FERPA requires written permission from the parent or eligible student before releasing personally identifiable information. The correct answer must be one of the options that involves that requirement.
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