WGU C236 COMPENSATION AND BENEFITS
FINAL EXAM ACTUAL QUESTIONS WITH
VERIFIED SOLUTIONS
◉ *Well-designed merit pay and incentive programs, which
reinforce excellent job performance
*Incentive programs
which reduce employee entitlement
*Person-focused pay which is based on extensive employer-
sponsored training that enables employees to work in changing
environments.
Answer: Compensation professions can leverage the value of human
capital in a variety of ways...
◉ What are the competitive business strategy options and does
compensation strategy fit well with the objectives of company
competitive business and HR strategies?
Does the choice and design of compensation practices fit well to
support compensation strategy?
,Does the implementation of compensation practices effectively
direct employee behavior to enhance job performance that supports
the choice of compensation practices?.
Answer: Compensation professionals provide a strategic
contribution when they can answer yes to 3 questions...What are
they
◉ lowest cost strategy.
Answer: focus on being lowest cost producer/seller of goods or
services
◉ differentiation strategy.
Answer: focus on offering unique goods or services to the public
can take many forms, including design or brand image, technology,
features, customer service, and price.
they lead to competitive advantage through building brand loyalty
among devoted consumers.
◉ Include predictable behaviors
Have a short-term focus
Require autonomous activity
Focus on quantity of output
,Ex: Ryanair (reduced operations costs)..
Answer: lowest cost strategy is effective when jobs...
◉ Require highly creative behaviors
Have a long-term focus
Demand cooperation and independence
Involve risk-taking
Ex: Apple Computer relies on this strategy to build market demand
and loyalty and strives to establish leading-edge electronic devices.
Answer: differentiation strategy is effective when jobs...
◉ The main building blocks are extrinsic compensation and intrinsic
compensation
Our focus is on extrinsic compensation:
Core compensation
Adjustments to core compensation
, Legally required employee benefits
Discretionary employee benefits.
Answer: what are the main building blocks and structures of
strategic compensation systems?
◉ hourly wage, annual salary.
Answer: what are some examples of core compensation?
◉ cost of living
seniority
merit
incentive
person-focused.
Answer: what could be some adjustments to core compensation?
◉ -social security act
-workers comp laws
-FMLA
-health insurance.
Answer: what are some legally required benefits?
◉ -disability insurance
FINAL EXAM ACTUAL QUESTIONS WITH
VERIFIED SOLUTIONS
◉ *Well-designed merit pay and incentive programs, which
reinforce excellent job performance
*Incentive programs
which reduce employee entitlement
*Person-focused pay which is based on extensive employer-
sponsored training that enables employees to work in changing
environments.
Answer: Compensation professions can leverage the value of human
capital in a variety of ways...
◉ What are the competitive business strategy options and does
compensation strategy fit well with the objectives of company
competitive business and HR strategies?
Does the choice and design of compensation practices fit well to
support compensation strategy?
,Does the implementation of compensation practices effectively
direct employee behavior to enhance job performance that supports
the choice of compensation practices?.
Answer: Compensation professionals provide a strategic
contribution when they can answer yes to 3 questions...What are
they
◉ lowest cost strategy.
Answer: focus on being lowest cost producer/seller of goods or
services
◉ differentiation strategy.
Answer: focus on offering unique goods or services to the public
can take many forms, including design or brand image, technology,
features, customer service, and price.
they lead to competitive advantage through building brand loyalty
among devoted consumers.
◉ Include predictable behaviors
Have a short-term focus
Require autonomous activity
Focus on quantity of output
,Ex: Ryanair (reduced operations costs)..
Answer: lowest cost strategy is effective when jobs...
◉ Require highly creative behaviors
Have a long-term focus
Demand cooperation and independence
Involve risk-taking
Ex: Apple Computer relies on this strategy to build market demand
and loyalty and strives to establish leading-edge electronic devices.
Answer: differentiation strategy is effective when jobs...
◉ The main building blocks are extrinsic compensation and intrinsic
compensation
Our focus is on extrinsic compensation:
Core compensation
Adjustments to core compensation
, Legally required employee benefits
Discretionary employee benefits.
Answer: what are the main building blocks and structures of
strategic compensation systems?
◉ hourly wage, annual salary.
Answer: what are some examples of core compensation?
◉ cost of living
seniority
merit
incentive
person-focused.
Answer: what could be some adjustments to core compensation?
◉ -social security act
-workers comp laws
-FMLA
-health insurance.
Answer: what are some legally required benefits?
◉ -disability insurance
