SHRM SHRM-SCP - Questions & Answers

Increases in FDIs and reverse innovations (or trickle-up innovation) are indicative of a shift in influence from developed economies to emerging economies. FDI inflow into developing economies now exceeds its flow into developed economies. Reverse innovations are those that start in emerging economies and spread to developed economies. Term to Note: Demographic Dichotomy means the workforce in emerging economies is becoming disproportionately young, while the workforce in developed economies is rapidly aging.

The hidden paycheck is made up of benefits that don't necessarily show up on a paycheck stub. Hidden paychecks provide a more complete picture of how much an employer spends on employee salaries, wages, and benefits. Hidden paychecks include hidden costs such as overtime pay, social security payments, unemployment insurance payments, workers' compensation, health benefits, sick and vacation days, tuition reimbursements, 401(k) matches, disability insurance, workers' compensation, etc. Hidden
paychecks provide an individualized total compensation statements that shows the total value of an individual's compensation and benefits package.

International firms export their products or services to foreign countries and are referred to as practicing an exporting strategy. The international strategy has little need for local adaptation and global integration.
Products are produced in the company's home country and sent to customers all over the world. Where there are subsidiaries (if any), these subsidiaries serve the purpose of local channels through which the products are sold to the end consumer. Large wine producers from France and Italy are good examples of companies with an international business strategy.

Under PPACA (also called the Affordable Care Act), plans that offer coverage to children on their parents' plan must make the coverage available until the adult child reaches the age of 26. What You Need To Know about COBRA: COBRA requires temporary health continuation coverage to be offered to covered employees, their spouses, their former spouses, and their dependent children when group health coverage would otherwise be lost due to certain specific events. These qualifying events include the death of a covered employee, termination or reduction in the hours of a covered employee's employment (for reasons other than gross misconduct,) divorce or legal separation from a covered employee, a covered employee's becoming entitled to Medicare, and a child's loss of dependent status (and therefore coverage) under the plan. COBRA generally applies to all group health plans by private-sector employers with at least 20 employees or by state and local governments. It does not apply to plans sponsored by the Federal Government. Qualified individuals may be required to pay the entire premium for coverage up to 102% of the cost to the plan. COBRA and HIPAA are amendments to ERISA.

The training participant is being asked to produce, create, or synthesize a solution to a consumer research plan. At the knowledge level, the learner might be required to name a subject mentioned in the training.
The comprehension level, the learner might be asked to explain why a particular resource was used in a scenario. The analysis level might ask the learner to identify research process steps in a scenario.

The Three-Tree firm is most likely in the introduction phase and is willing to pay more to recruit a talented and already trained workforce; the founder could also decide to outsource specialized tasks. An
organization that is in a growth stage will have an improved financial standing, increased division of labor, will add new positions but may not exceed the industry pay range. An organization at maturity will feature consistent business results and financial predictability, the Board is more policy and strategy focused, there is an established culture, and there is an emphasis on efficiency and systems. An organization in decline finds it difficult to respond to change, experiences high turnover, and seeks to shrink the workforce through attrition and layoffs.

Resistance to change can be overcome by educating employees about the reasons for change, involving them in the change process, and encouraging communication and feedback. Shared authority which is where multiple employees at various company levels play a role and are involved in the change process is the best answer.

Organizational socialization (think of onboarding) is defined as a learning and adjustment process that enables an individual to assume an organizational role that fits both organizational and individual needs. It occurs when an individual assumes a new or changing role within an organization. New employees, employees getting promoted, and those who are changing career paths (lateral transfers) are most likely to participate in the organizational socialization program.

A value driver tree is used to map enterprise-level goals to the functional/departmental level goals.
Completing an assessment using a value driver tree would validate whether or not there is a line of sight (also called sight line) in training goals. Line of sight means that employees can see the connection between their tasks and the organization's strategic goals. This ensures that employee efforts help to achieve the strategic goals. (Remember strategy is done at the executive-level, it is inter-departmental, it is long-term, and it is cascaded down to departments and units)

At the beginning of union negotiations, when parties do not have established relationships, the first step is to determine the ground rules for the negotiations. A business case captures the reasoning for initiating a project or task when a function is seeking funding for a project, it most likely would present this reasoning as a business case. A business case provides stakeholders with a management tool for evidence-based and transparent decision making. It clearly presents the risks, opportunities and threats involved putting them in perspective of the investment involved therein. A business case is developed during the early stages of a project and outlines the why, what, how, and who necessary to decide if it is worthwhile continuing a project.