Pass the WorldatWork Certified Compensation Professional CCP C3E Questions and answers with ExamsMirror

You start with 1,800 in your savings account. You do not make any deposits or withdrawals and earn 10% interest, compounded quarterly. How much money will you have in your account after five years?

According to the 2-sigma rule, which of the following is true?

An executive is hired at 80,000/yr. His is guaranteed a 6,000 salary increase after 6 months. What % increase is that?

What type of relationship does the following equation model? y = a + b1x1 + b2x2

For the same problem set, the market appears to be paying entry-level buyers 42,500. Approx how many job evaluation points should your entry-level buyer position be worth to your org, assuming the regression model provides a good fit, based solely on the linear model of y = 15000 + 50x?

If the minimum is 2,000 and the desired range spread is 40%, what is the midpoint?

You have obtained a set of market data that show you senior MIS manager has a market average of 72,000. If you have a 50% range spread, what would the new minimum and maximum be if the new midpoint is 72,000?

Rating employee performance on a five-point scale is most likely an example of which level of measurement?

You have been asked to comment on a proposed provision in the union contract. over the next 3 years, management proposes increases of 2%, 2.5%, 3% over the 3 year life of the contract. The union negotiator insists that it be 3%, 2.5%, 2.0%. Assuming the hourly rate for a job class is 12.50/hr., what is the rate in three years?

A true, absolute zero exists for which level of measurement?