Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

Worldatwork Exam CECP Topic 2 Question 66 Discussion

Actual exam question for Worldatwork's CECP exam
Question #: 66
Topic #: 2
[All CECP Questions]

Your company has had a strong fiscal year with a 15% increase in net income over the prior fiscal year. Share prices are at an all time high. Working with Finance, you have arrived at a 2.5% merit increase budget for the next fiscal year, a smaller increase than the last fiscal year. Finance has indicated that some large capital expenditures will be needed next year, so the company needs to conserve resources. Additionally, Legal is in final negotiations on a lawsuit that may be very costly to the company. Word of the smaller increases has line management concerned that they will lose their best performers. Given all of these factors, what is your best course of action?

Show Suggested Answer Hide Answer
Suggested Answer: C

by Kerrie at Aug 24, 2024, 09:36 PM

Limited Time Offer

25%

Off

Get Premium CECP Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Vivan
11 months ago
I'm with Huey on this one. Option D is just ridiculous. What is this, the hunger games?! We need to keep our people happy, not start a culling.
upvoted 0 times
Pearlie
10 months ago
B) Meet with Finance and make a case for a larger merit increase budget because the loss of key talent will cost more over the long term than the savings from the smaller merit increases
upvoted 0 times
...
Renato
10 months ago
C) Gather the perspectives of all stakeholders, analyze their individual concerns and meet to determine whether a compromise solution is possible
upvoted 0 times
...
Pearly
10 months ago
A) Implement the merit increase budget as is because the anticipated financial obligations have made it necessary
upvoted 0 times
...
...
Ryan
11 months ago
I believe we should gather perspectives and find a compromise solution that works for everyone.
upvoted 0 times
...
Eleni
11 months ago
I agree with Maybelle, losing key talent will cost us more in the long run.
upvoted 0 times
...
Maybelle
11 months ago
I disagree, we should meet with Finance and argue for a larger merit increase budget.
upvoted 0 times
...
Huey
11 months ago
Option D is just crazy! Reducing the workforce to increase the merit budget? That's a terrible idea. We need to find a way to retain our best people.
upvoted 0 times
...
Margart
11 months ago
I think we should implement the merit increase budget as is.
upvoted 0 times
...
Anika
11 months ago
I'm leaning towards Option B. Losing top talent could be really costly in the long run, so we should push for a larger merit increase budget.
upvoted 0 times
Merilyn
11 months ago
I think we should definitely make a case for a larger merit increase budget to retain our top performers.
upvoted 0 times
...
Ceola
11 months ago
I agree, losing key talent could be detrimental to the company's success.
upvoted 0 times
...
...
Margurite
12 months ago
Option C seems like the best approach here. We need to get all the stakeholders together and find a compromise that works for everyone.
upvoted 0 times
Leanora
11 months ago
Reducing headcount may not be the best solution in the long term. We should focus on finding a compromise.
upvoted 0 times
...
Magda
11 months ago
I think meeting with Finance to discuss the importance of retaining key talent is crucial.
upvoted 0 times
...
Felix
11 months ago
I agree, we need to consider all perspectives before making a decision.
upvoted 0 times
...
...

Save Cancel