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Worldatwork CECP Exam - Topic 3 Question 81 Discussion

Actual exam question for Worldatwork's CECP exam
Question #: 81
Topic #: 3
[All CECP Questions]

You have been asked to develop a short-term incentive plan that motivates employees in business units to increase productivity. Your team has designed a plan that rewards managers and employees quarterly based on achievement against target on measures that should generate productivity increases that will self-fund the plan. When presenting the plan to senior management, what would be the best strategy to receive approval?

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Suggested Answer: A

by Stephaine at Apr 09, 2025, 01:25 PM

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Essie
4 months ago
Wait, how can a plan be self-funding? That seems too good to be true.
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Mi
5 months ago
I think option D is key—understanding stakeholders is crucial.
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Jacquline
5 months ago
Definitely agree with A, alignment is everything for approval!
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Alex
5 months ago
B is important too, but I’d focus on the potential gains.
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Dalene
5 months ago
A self-funded plan sounds risky, but could be worth it!
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Orville
5 months ago
I feel like providing detailed measures and administration plans is important, but I wonder if it might overwhelm the audience. Keeping it simple could be better.
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Carla
6 months ago
I practiced a similar question where we had to address stakeholder priorities. It seems like a good strategy to anticipate objections before presenting.
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Alysa
6 months ago
I’m not entirely sure, but I think demonstrating how the plan is self-funded could be a strong point. It might help alleviate concerns about financial risks.
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Long
6 months ago
I remember we discussed the importance of aligning incentive plans with the overall business strategy. That could really resonate with senior management.
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Bev
6 months ago
I feel pretty confident about this one. The key is going to be demonstrating how the plan is aligned with the company's overall business strategy and rewards principles. If I can do that clearly, I think I've got a good shot at getting the plan approved.
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Lilli
6 months ago
Okay, I've got a strategy for this. I'll focus on making the case that this is a self-funded plan, so there's no real risk to the organization. And I'll make sure to identify any potential stakeholder concerns ahead of time and address them proactively.
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Antonio
7 months ago
I'm a bit unsure about this one. There are a few different elements to consider - the plan design, the measures, and how to get buy-in from senior management. I'll need to think through the best way to present all of that effectively.
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Darrin
7 months ago
This seems like a straightforward question, but I want to make sure I cover all the key points. I think the best approach would be to demonstrate how the plan aligns with the company's overall strategy and rewards philosophy.
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Maile
12 months ago
I believe we should also address any potential objections from stakeholders in advance to increase our chances of approval.
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Vi
12 months ago
I agree with Mickie. Senior management needs to see how the plan fits into the overall business goals.
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Thora
1 year ago
I think a combination of demonstrating the plan's strategic alignment and providing the specifics on design and administration is the way to go. Gotta cover all the bases.
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Natalie
11 months ago
C) Make the case that a self-funded plan poses no risk to the organization while creating the potential for significant gains
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Starr
12 months ago
B) Provide details on the plan design and measures and how they will be administered to employees at different levels
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France
12 months ago
A) Demonstrate how it is aligned to the rewards philosophy, principles and organizational business strategy
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Trina
1 year ago
Haha, good luck getting senior management to approve anything without a ton of data and details. This presentation better be thorough!
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Alyce
10 months ago
D) Identify in advance the priorities of the various stakeholders and design your presentation to address any objections or perceptions they may have
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Shawnee
10 months ago
D) Identify in advance the priorities of the various stakeholders and design your presentation to address any objections or perceptions they may have
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Leigha
10 months ago
C) Make the case that a self-funded plan poses no risk to the organization while creating the potential for significant gains
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Bo
10 months ago
C) Make the case that a self-funded plan poses no risk to the organization while creating the potential for significant gains
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Ramonita
10 months ago
B) Provide details on the plan design and measures and how they will be administered to employees at different levels
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Lou
10 months ago
B) Provide details on the plan design and measures and how they will be administered to employees at different levels
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Kayleigh
11 months ago
A) Demonstrate how it is aligned to the rewards philosophy, principles and organizational business strategy
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Jame
11 months ago
A) Demonstrate how it is aligned to the rewards philosophy, principles and organizational business strategy
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Gracia
1 year ago
Addressing the priorities and perceptions of stakeholders is key. Can't forget to highlight the alignment with the overall business strategy.
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Mickie
1 year ago
I think the best strategy would be to demonstrate alignment with the rewards philosophy and organizational strategy.
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Tran
1 year ago
The plan seems well-designed to motivate employees and generate productivity gains. I like the self-funding aspect - it's a win-win for the company.
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Janine
12 months ago
C) Make the case that a self-funded plan poses no risk to the organization while creating the potential for significant gains
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Clement
12 months ago
A) Demonstrate how it is aligned to the rewards philosophy, principles and organizational business strategy
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