Absolute Free SHRM-CP Exam Practice for Comprehensive Preparation 

An organization is experiencing a problem with new hires for a specific position leaving the company within the first six to nine months. They previously had several long-term employees in this position, but those employees have retired.

The HR director performs research and determines that several of the employees have joined a competitor. The HR director decides to employ a third-party firm to conduct a salary survey and do a complete review of the job description and a job analysis for the position. Additionally, the HR director performs an internal employee opinion survey in which employees share their belief that the current benefits package lags that of other companies in the area. The results from the third-party survey confirm that the company is lagging the competitor by a large margin in terms of compensation and that the benefits package is no longer competitive.

The departure of the new hires, many going to a competitor, shortly after starting the job is a cause for concern. Which recommendation should the HR director make in order for the organization to see an immediate reduction in the turnover?

How does replacement planning differ from succession planning?

A financial analyst at an investment banking firm notices that one of the firm's newest investment bankers has made an inappropriate investment recommendation to a customer. The financial analyst decides to report the issue to the branch manager. Upon entering the branch manager's office, the analyst sees the branch manager removing several pills from an unlabeled plastic jar. The analyst tells the branch manager that the investment banker has a poor work ethic. After leaving the manager's office, the analyst submits a complaint to the firm's compliance authority stating that the branch manager has a drug abuse problem and the investment banker is committing fraud. The compliance authority notifies the firm's HR manager about the issues.

What should the HR manager do to prevent future conflict between the financial analyst, the investment banker, and the branch manager?

A security-conscious organization requires all new hires to complete training on security policies and conducts annual armed intruder drills for all employees. Which risk management strategies are being used by this organization?

Which is a reason why an organization might be pushed into global expansion?