Compensation and Benefits – WGU C236 questions
with verified answers
anchored rating scale Ans✓✓✓ uses examples or definitions of typical behaviors
to define each point along the scale
autonomy Ans✓✓✓ giving employees discretion in choosing what to do and how
to do it
base pay Ans✓✓✓ salary or hourly wages
benchmark competitors Ans✓✓✓ a selection of primary organizations that
exemplify the labor and product/service markets in which the organization
competes
benchmark jobs Ans✓✓✓ a sample of jobs that is representative of the type,
content, and level of jobs in the organization
benefit benchmark survey Ans✓✓✓ a tool that helps organizations better
understand how employee benefits may impact their ability to attract and retain
qualified employees
benefit level strategy Ans✓✓✓ the level of each benefit type provided as well as
the overall company expenditure
benefit mix strategy Ans✓✓✓ the particular combo of benefit types that an
organization offers
,broadbanding Ans✓✓✓ entails the use of a few broad bands (or grades) to
organize work for pay purposes
business strategy Ans✓✓✓ the collection of decisions, approaches, and activities
that allow an organization to compete and win
business strategy support Ans✓✓✓ supporting a business' approach to adapting
to changes in its environment in order to compete and win
capability-based pay Ans✓✓✓ when a reward system explicitly attempts to vary
rewards based upon capabilities of the employees
cash compensation Ans✓✓✓ monetary pay that employees receive in exchange
for their work
central tendancy Ans✓✓✓ describes what is typical for a set of data, usually
measured by the arithmetic mean, median, or mode
centralized global rewards strategy Ans✓✓✓ organizations attempt to have a
single set of policies that are determined by the organization at all locations
co-pay policy Ans✓✓✓ policy that requires employees to pay a set amount for
each time any service is used
collaborative environment Ans✓✓✓ teams of employees work in concert to be
creative, solve problems, and produce results
, communication strategy Ans✓✓✓ a plan for creating, sharing, and receiving info
related to its total rewards systems
compa-ratio Ans✓✓✓ a ratio frequently used to measure the conformity of pay
rates to the pay plan
compensable factors Ans✓✓✓ job elements or criteria that identify what the
organization values for purposes of job evaluation
compensatory time Ans✓✓✓ paid time off instead of overtime pay
cost leadership startegy Ans✓✓✓ focusing business priorities on providing a
lower cost product/service
cost-sharing Ans✓✓✓ approach in which the insurance only pays for a portion of
medical expenses
critical success factors (CSFs) Ans✓✓✓ capabilities, activities, customer
perceptions, and market positions that allow an organization to outcompete its
rivals
custom questionnaires Ans✓✓✓ a series of questions that job incumbents
complete on their own
decentralized global rewards strategy Ans✓✓✓ rewards policies are established
and monitored at the country level with each location having discretion to adapt
to their unique situations and contexts
with verified answers
anchored rating scale Ans✓✓✓ uses examples or definitions of typical behaviors
to define each point along the scale
autonomy Ans✓✓✓ giving employees discretion in choosing what to do and how
to do it
base pay Ans✓✓✓ salary or hourly wages
benchmark competitors Ans✓✓✓ a selection of primary organizations that
exemplify the labor and product/service markets in which the organization
competes
benchmark jobs Ans✓✓✓ a sample of jobs that is representative of the type,
content, and level of jobs in the organization
benefit benchmark survey Ans✓✓✓ a tool that helps organizations better
understand how employee benefits may impact their ability to attract and retain
qualified employees
benefit level strategy Ans✓✓✓ the level of each benefit type provided as well as
the overall company expenditure
benefit mix strategy Ans✓✓✓ the particular combo of benefit types that an
organization offers
,broadbanding Ans✓✓✓ entails the use of a few broad bands (or grades) to
organize work for pay purposes
business strategy Ans✓✓✓ the collection of decisions, approaches, and activities
that allow an organization to compete and win
business strategy support Ans✓✓✓ supporting a business' approach to adapting
to changes in its environment in order to compete and win
capability-based pay Ans✓✓✓ when a reward system explicitly attempts to vary
rewards based upon capabilities of the employees
cash compensation Ans✓✓✓ monetary pay that employees receive in exchange
for their work
central tendancy Ans✓✓✓ describes what is typical for a set of data, usually
measured by the arithmetic mean, median, or mode
centralized global rewards strategy Ans✓✓✓ organizations attempt to have a
single set of policies that are determined by the organization at all locations
co-pay policy Ans✓✓✓ policy that requires employees to pay a set amount for
each time any service is used
collaborative environment Ans✓✓✓ teams of employees work in concert to be
creative, solve problems, and produce results
, communication strategy Ans✓✓✓ a plan for creating, sharing, and receiving info
related to its total rewards systems
compa-ratio Ans✓✓✓ a ratio frequently used to measure the conformity of pay
rates to the pay plan
compensable factors Ans✓✓✓ job elements or criteria that identify what the
organization values for purposes of job evaluation
compensatory time Ans✓✓✓ paid time off instead of overtime pay
cost leadership startegy Ans✓✓✓ focusing business priorities on providing a
lower cost product/service
cost-sharing Ans✓✓✓ approach in which the insurance only pays for a portion of
medical expenses
critical success factors (CSFs) Ans✓✓✓ capabilities, activities, customer
perceptions, and market positions that allow an organization to outcompete its
rivals
custom questionnaires Ans✓✓✓ a series of questions that job incumbents
complete on their own
decentralized global rewards strategy Ans✓✓✓ rewards policies are established
and monitored at the country level with each location having discretion to adapt
to their unique situations and contexts
