Independence Day Deal! Unlock 25% OFF Today – Limited-Time Offer - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions

Worldatwork Exam CECP Topic 1 Question 35 Discussion

Actual exam question for Worldatwork's CECP exam
Question #: 35
Topic #: 1
[All CECP Questions]

What is the primary reason why a compensation professional working for a multinational company should understand regulatory requirements and application of rewards globally?

Show Suggested Answer Hide Answer
Suggested Answer: C

Contribute your Thoughts:

Stefanie
2 months ago
Option D: 'They shouldn't.' Wow, that's the kind of bold, outside-the-box thinking I like to see. Next question: 'Should the compensation department just take a long lunch and let the interns handle it?'
upvoted 0 times
Kerrie
4 days ago
C) Because it is possible to pay significantly less for talent in different countries and compensation should advise management on when and where to locate various jobs within the company
upvoted 0 times
...
Xochitl
6 days ago
B) Because the compensation professional has a fiduciary responsibility to ensure that the financial resources of their organization are spent in a prudent manner
upvoted 0 times
...
Wilda
13 days ago
A) Because legal compliance with compensation-related regulations is the responsibility of the compensation department
upvoted 0 times
...
Twana
25 days ago
C) Because it is possible to pay significantly less for talent in different countries and compensation should advise management on when and where to locate various jobs within the company
upvoted 0 times
...
Ocie
1 months ago
B) Because the compensation professional has a fiduciary responsibility to ensure that the financial resources of their organization are spent in a prudent manner
upvoted 0 times
...
France
1 months ago
A) Because legal compliance with compensation-related regulations is the responsibility of the compensation department
upvoted 0 times
...
...
Willard
2 months ago
D is a cop-out. Compensation professionals should embrace the challenge of navigating global complexities, not just pass the buck to outsiders. Where's the fun in that?
upvoted 0 times
...
Carlee
2 months ago
I believe option C) is also important. Understanding global rewards can help the company save costs and make strategic decisions.
upvoted 0 times
...
Chaya
2 months ago
C is an interesting option, but it's a bit of a stretch. Surely we shouldn't be exploiting global pay disparities for the company's benefit, right? That's just bad karma.
upvoted 0 times
Stefany
1 months ago
C) I agree, it's important to consider fair compensation practices globally.
upvoted 0 times
...
Andree
2 months ago
A) Because legal compliance with compensation-related regulations is the responsibility of the compensation department
upvoted 0 times
...
...
Alecia
2 months ago
I agree with A. Compensation professionals need to be aware of the legal landscape in all the countries where the company operates, so they can properly advise management.
upvoted 0 times
...
Adaline
2 months ago
A is the correct answer. As a compensation professional, understanding global regulatory requirements is crucial to ensure legal compliance and avoid costly penalties.
upvoted 0 times
Maxima
1 months ago
A is the correct answer. As a compensation professional, understanding global regulatory requirements is crucial to ensure legal compliance and avoid costly penalties.
upvoted 0 times
...
Justine
2 months ago
C) Because it is possible to pay significantly less for talent in different countries and compensation should advise management on when and where to locate various jobs within the company
upvoted 0 times
...
Rozella
2 months ago
B) Because the compensation professional has a fiduciary responsibility to ensure that the financial resources of their organization are spent in a prudent manner
upvoted 0 times
...
Cecilia
2 months ago
A) Because legal compliance with compensation-related regulations is the responsibility of the compensation department
upvoted 0 times
...
...
Elliot
3 months ago
I agree with Tammara. It's crucial for the compensation professional to understand global regulations to avoid legal issues.
upvoted 0 times
...
Tammara
3 months ago
I think the primary reason is A) Because legal compliance with compensation-related regulations is the responsibility of the compensation department.
upvoted 0 times
...

Save Cancel