WGU C202 500 Correct questions and Answers for Managing Human Capital latest updated version (Graded A+)

WGU C202 500 Correct questions and Answers for Managing Human Capital latest updated version (Graded A+) short-term incentives - ANSWER one-time variable rewards used to motivate short-term employee behavior and performance (typically one year or less). ie bonus or profit sharing. to motivate attendance, cust serv, safety, production quality and quantity profit sharing - ANSWER the distribution of organizational profits to all employees stock options - ANSWER the right of an employee to buy shares of the company's stock at a certain price (the exercise price) during some future period of time long-term incentives - ANSWER incentives that motivate behaviors and performance that support company value and long-term organizational health. ie stock options vesting - ANSWER the point at which employees can sell or transfer the stock option pay for performance programs - ANSWER rewards employees based on some specific measure of their performance variable pay plans - ANSWER pay for performance plans that put a small amount of base pay at risk, in exchange for the opportunity to earn additional pay if performance meets or exceeds a standard spot awards - ANSWER awards given immediately when a desired behavior is seen extrinsic motivation - ANSWER motivation that comes from outside the individual, including performance bonuses intrinsic motivation - ANSWER derived from an interest in or enjoyment from doing a task skill-based pay - ANSWER rewards for employees based on the range and depth of their knowledge and skills. effort and coop w/supervisor limited ability, partial proficiency, full competence limited ability - ANSWER ability to perform simple tasks without direction partial proficiency - ANSWER ability to apply more advanced principles on the job full competence - ANSWER ability to analyze problems associated with the job competency-based pay - ANSWER skill-based pay for professional jobs multi-crafting - ANSWER employees gain proficiency in two or more trades recognition awards - ANSWER rewards for specific achievements like tenure with the organization, helping a coworker or attendence compressed workweek - ANSWER 40 hour work week in less than five days job sharing - ANSWER two or more people split a single job flextime - ANSWER scheduling option that lets employees decide when to work within parameters telecommuting - ANSWER allows employees to work from home and link to the company's offices via computer. gainsharing - ANSWER a program in which the firm shares the value of productivity gains with employees scanlon plans - ANSWER gainsharing programs based on implementing employee suggestions for lowering the cost per unit produced improshare - ANSWER a gainsharing plan based on a mathematical formula that compares a performance baseline with actual productivity during a given period with the goal of reducing production time employee stock ownership plans - ANSWER tax-exempt, employer-established employee trusts that hold company stock for employees errors of commission - ANSWER an employee receives an undeserved reward errors of omission - ANSWER an employee who deserves a reward doesn't receive one employee benefits - ANSWER nonwage compensation or rewards given to employees (indirect compensation) Social Security, Unemployment Insurance, Workers' Compensation, Family Medical Leave Act, COBRA - ANSWER 5 Mandatory Benefits Social Security - ANSWER provides retirement income to qualified workers and their spouses after working a certain number of hours unemployment insurance - ANSWER provides temporary income during periods of involuntary unemployment workers' compensation insurance - ANSWER pays for medical costs and sometimes time off if an employee suffers a job-related sickness or accident, and survivor benefits in the case of an employee's death in exchange for relinquishing the employee's right to sue the employer for negligence Family and Medical Leave Act of 1993 - ANSWER requires most employers to provide employees up to 12 weeks of unpaid leave to care for family members Consolidated Omnibus Budget Reconciliation Act - ANSWER provides a continuation of group health coverage for employees and qualified beneficiaries that might otherwise be terminated when an employee experiences a qualifying event Customary benefits - ANSWER commonly provided benefits that are viewed as an entitlement by employees insurance, retirement plans Life Insurance - ANSWER pays a beneficiary or beneficiaries a sum of money after the death of an insured individual Disability insurance - ANSWER supplements workers' compensation insurance to provide continued income in the event of an employee becoming disabled health insurance - ANSWER health care coverage for employees and their dependents presenteeism - ANSWER an employee physically comes to work but does not function at his or her full potential defined benefit retirement plans - ANSWER promise participants a monthly benefit at retirement Employee Retirement Income Security Act of 1974 - ANSWER a federal law that protects employees' retirement benefits from mismanagemen domestic partners - ANSWER two people who are not married, but are in a same-sex or opposite-sex arrangement similar to marriage flexible spending account - ANSWER an employer-sponsored benefit that allows you to pay for eligible medical expenses on a pretax basis total compensation statement - ANSWER communicating total compensation in detail through a written summary of employee direct and indirect compensation flexible benefits plans - ANSWER give employees a set amount of credits or dollars to allocate among different benefits options provided by the employer safety culture - ANSWER the shared safety attitudes, beliefs and practices that shape employees' safety behavior ergonomics - ANSWER designing the work environment to reduce the physical and psychological demands placed on employees cumulative trauma disorders - ANSWER skeletal and muscle injuries that occu when the same muscles are used to preform tasks repetitively Occupational Safety and Health Administration - ANSWER created by the Occupational Safety and health Act to set and enforce protective workplace safety and health standards OSHA standards - ANSWER rules describing the methods employers must legally follow to protect their workers from hazards -Imminent danger situations -Fatalities & Catastrophes - Complaints - Referrals of hazard information from others -Follow-ups -Planned or programmed investigations - ANSWER Order of Priority for OSHA Inspections Employee Wellness Programs - ANSWER any initiative designed to increase company performance or employee performance or morale through improved employee health wellness incentives - ANSWER rewards for engaging in healthy behavior or participating in wellness programs functional stress - ANSWER manageable levels of stress that generate positive emotions including satisfaction, excitement and enjoyment dysfunctional stress - ANSWER an overload of stress resulting from a situation of under- or over-arousal continuing for too long problem-focused coping strategies - ANSWER deal directly with the cause of stress emotion-focused coping strategies - ANSWER focus on the emotions brought on by the stressor workplace bullying - ANSWER a repeated mistreatment of another employee through verbal abuse; conduct that is threatening, humiliating or intimidating; or sabotage that interferes with the other person's work workplace violence - ANSWER any act of threat of physical violence, harassment, intimidation or other threatening disruptive behavior that occurs at the workplace - Human resources - Physical resources - Business continuity - ANSWER Disaster plans should cover: labor union - ANSWER a group of at least two employees who band together as a single entity to address pay, hours, and working conditions with their employer collective bargaining - ANSWER when the employer and union negotiate in good faith on wages, benefits, work hours and other employment terms and conditions Industrial Unions - ANSWER unions composed primarily of semi-skilled employees in manufacturing industries Trade Unions - ANSWER unions composed primarily of skilled employees in a single trade