HRCI Updated SPHR Exam Questions and Answers by zohaan

Offeringlump sum payoutsremoves long-term liabilities and actuarial risk for the company. It allows participants to take full control, and organizations toreduce future plan obligations.

Extract from HRCI-aligned HR knowledge (Total Rewards):

SPHR knowledge includes “risk mitigation in legacy retirement plans,” and identifiesde-risking strategiessuch as lump sum offerings to reduce exposure tomarket fluctuations and longevity risk.

A well-craftedbusiness planserves as aliving documentthat guides strategic initiatives, supports decision-making, and aligns cross-functional departments around common goals. It'snot just a financial outline— it encompassesstrategy, market positioning, risks, and HR alignment.

Extract from HRCI-aligned HR knowledge (Leadership and Strategydomain):

SPHR professionals are expected to “develop HR strategies aligned with the organization’s business plan and objectives.” A business plan functions as aguiding and supporting frameworkfor budget planning, workforce planning, and strategic investment decisions across the organization.

A: Retaininghigh performers and leadersensures business continuity.

E: Organizational structure affects roles, decision-making, and operational alignment.

Post-merger HR priorities includeretention, role clarity, and org designto support integration.

Thetalent management process(C) is central to aligning HR strategy with business goals. This includes workforce planning, recruitment, development, performance, and succession — all of which must supportorganizational objectives.

Extract from HRCI-aligned HR knowledge: TheLeadership and Strategydomain states that strategic HR requires aligningtalent management infrastructure with business drivers, ensuring that HR practices arenot isolated, butintegrated with core organizational strategy.