WGU C202: Managing Human Capital exam 2023 with complete solution graded A+

Human Resource Strategy - Links the entire human resource function with the firm's business strategy. Business Strategy - Defines how the firm will compete in its marketplace. Total Rewards - The sum of all rewards employees receives in exchange for their time, efforts, and performance. The combined intrinsic and extrinsic rewards of a job. Employee Handbooks - Print or online materials that document the organization's HRM policies and procedures. HRM: Human Resource Management - The organizational function responsible for attracting, hiring, developing, rewarding, and retaining talent. Outsourcing - Hiring an external vendor to do work for the company rather than doing it internally. Nonfinancial Compensation - Rewards and incentives given to employees that are not financial in nature including intrinsic rewards received from the job itself or from the work environment. Intrinsic Reward - Non-monetary rewards derived from the work itself. Competitive Advantage - Doing something differently from the competitor thus leading to outperformance and success. Talent Philosophy - A system of beliefs about how an organization's employee should be treated.Shared Service Center - Centralized routine, transaction-based HRM activities.