7/24/26, 12:13 PM WGU C202 Managing Human Capital All Flashcards | Quizlet
Western Governors University C 214
WGU C202 Managing Human Capital All
18 studiers today 4.8 (64 reviews)
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Flashcard sets Study guides
C213 WGU OA Prep WGU C214 Concepts Only Multi Cho... WGU C214 Concepts Only Multi Cho... WGU C
208 terms Teacher 222 terms 222 terms 1,378 ter
Skylar_Weible Preview Lydia_Smith75 Preview ctcaw259 Preview WG
Terms in this set (536)
Direct financial compensation compensation received in the form of salary, wages, commissions, stock options
or bonuses
indirect financial compensation all the tangible and financially valued rewards that are not included in direct
compensation including free meals, vacation time and health insurance
nonfinancial compensation rewards and incentives given to employees that aren't financial in nature
base pay reflects the size and scope of an employee's responsibilities
severance pay give to employees upon termination of their employment
fixed pay pays employees a set amount regardless of performance
variable pay bases some or all of an employee's compensation on employee, team, or
organizational
pay structure the array of pay rates for different work or skills within a single organization
pay mix the relative emphasis give to different compensation components
pay leader organization with a compensation policy of giving employees greater rewards
than competitors
pay follower an organization that pays its front-line employees as little as possible
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, 7/24/26, 12:13 PM WGU C202 Managing Human Capital All Flashcards | Quizlet
resource dependence theory proposition that organizational decisions are influenced by both internal and
external agents who control critical resources
wage differentials differences in wage between various workers, groups of workers, or workers
within a career field
labor market all of the potential employees located within a geographic area from which the
organization might be able to hire
cost of living allowances clauses in union contacts that automatically increase wages base on the U.S.
Bureau of Labor Statistics' cost of living index
market pricing uses external sources of information about how others are compensating a
certain position to assign value to a company's similar job
Compensation surveys surveys of other organizations conducted to learn what they are paying for
specific jobs or job classes
benchmark jobs jobs that tend to exist across departments and across diverse organizations
allowing them to be used as a basis for compensation comparisons
job evaluation a systematic process that uses expert judgement to assess differences in value
between jobs
ranking methos subjectively compares jobs to each other based on their overall worth to the
organization
job classification method subjectively classifies jobs into an exiting hierarchy of grades and categories
point factor method uses a set of compensable factors to determine a job's value. skill, resp, effort,
working cond.
compensable factor any characteristic used to provide a basis for judging a job's value
skills, responsibilities, effort, working conditions Four categories of compensable factors
Hay Group Guide Chart - Profile Method a point-factor system is used to produce both a profile and a point score for each
position.
know how
problem solving
accountability
working conditions
Know-how, problem solving, accountability, working Hay Group Method based on four main factors
conditions
Position Analysis Questionnaire a structured job evaluation questionnaire that is statistically analyzed to calculate
pay rates based on how the labor market is valuing worker characteristics. a
copyrighted, standardized, structured job analysis questionnaire. 6 sections
covering 187 job elements.
https://quizlet.com/86490044/wgu-c202-managing-human-capital-all-flash-cards/ 2/7
Western Governors University C 214
WGU C202 Managing Human Capital All
18 studiers today 4.8 (64 reviews)
Students also studied
Flashcard sets Study guides
C213 WGU OA Prep WGU C214 Concepts Only Multi Cho... WGU C214 Concepts Only Multi Cho... WGU C
208 terms Teacher 222 terms 222 terms 1,378 ter
Skylar_Weible Preview Lydia_Smith75 Preview ctcaw259 Preview WG
Terms in this set (536)
Direct financial compensation compensation received in the form of salary, wages, commissions, stock options
or bonuses
indirect financial compensation all the tangible and financially valued rewards that are not included in direct
compensation including free meals, vacation time and health insurance
nonfinancial compensation rewards and incentives given to employees that aren't financial in nature
base pay reflects the size and scope of an employee's responsibilities
severance pay give to employees upon termination of their employment
fixed pay pays employees a set amount regardless of performance
variable pay bases some or all of an employee's compensation on employee, team, or
organizational
pay structure the array of pay rates for different work or skills within a single organization
pay mix the relative emphasis give to different compensation components
pay leader organization with a compensation policy of giving employees greater rewards
than competitors
pay follower an organization that pays its front-line employees as little as possible
https://quizlet.com/86490044/wgu-c202-managing-human-capital-all-flash-cards/ 1/7
, 7/24/26, 12:13 PM WGU C202 Managing Human Capital All Flashcards | Quizlet
resource dependence theory proposition that organizational decisions are influenced by both internal and
external agents who control critical resources
wage differentials differences in wage between various workers, groups of workers, or workers
within a career field
labor market all of the potential employees located within a geographic area from which the
organization might be able to hire
cost of living allowances clauses in union contacts that automatically increase wages base on the U.S.
Bureau of Labor Statistics' cost of living index
market pricing uses external sources of information about how others are compensating a
certain position to assign value to a company's similar job
Compensation surveys surveys of other organizations conducted to learn what they are paying for
specific jobs or job classes
benchmark jobs jobs that tend to exist across departments and across diverse organizations
allowing them to be used as a basis for compensation comparisons
job evaluation a systematic process that uses expert judgement to assess differences in value
between jobs
ranking methos subjectively compares jobs to each other based on their overall worth to the
organization
job classification method subjectively classifies jobs into an exiting hierarchy of grades and categories
point factor method uses a set of compensable factors to determine a job's value. skill, resp, effort,
working cond.
compensable factor any characteristic used to provide a basis for judging a job's value
skills, responsibilities, effort, working conditions Four categories of compensable factors
Hay Group Guide Chart - Profile Method a point-factor system is used to produce both a profile and a point score for each
position.
know how
problem solving
accountability
working conditions
Know-how, problem solving, accountability, working Hay Group Method based on four main factors
conditions
Position Analysis Questionnaire a structured job evaluation questionnaire that is statistically analyzed to calculate
pay rates based on how the labor market is valuing worker characteristics. a
copyrighted, standardized, structured job analysis questionnaire. 6 sections
covering 187 job elements.
https://quizlet.com/86490044/wgu-c202-managing-human-capital-all-flash-cards/ 2/7
