SHRM - CP UPDATED STUDY GUIDE 2026/2027 A.

SHRM - CP UPDATED STUDY GUIDE
A.
Cost-of-living adjustment (COLA)
Correct Answer -Pay adjustments given to eligible employees regardless
of performance or organization profitability- usually linked to inflation
Compa-ratio
Correct Answer -Pay rate divided by the midpoint of the pay range.
Broad banding
Correct Answer -combing several salary grades or job classifications with
narrow pay ranges into one brand with a wider salary spread
behavioral interview
Correct Answer -type of interview that focuses on how applicants
previously handled real situations
competency based interview
Correct Answer -Type of interview in which the interviewer asks questions
related to competencies for the position and asks candidates to provide
examples of times they demonst the competencies.
SWOT analysis (strengths, weaknesses, opportunities, threats)
Correct Answer -Process for assessing an organizations strategic
capabilities in comparison to threats and opportunities identified during
environmental scanning.