WGU C202 MANAGING HUMAN CAPITAL FINAL OA ACTUAL EXAM WITH UPDATED QUESTIONS AND ANSWERS

WGU C202 MANAGING HUMAN CAPITAL FINAL OA ACTUAL EXAM WITH UPDATED QUESTIONS AND ANSWERS Compensation surveys -️CORRECT ANSWER-surveys of other organizations conducted to learn what they are paying for specific jobs or job classes Benchmark jobs -️CORRECT ANSWER-jobs that tend to exist across departments and across diverse organizations allowing them to be used as a basis for compensation comparisons Job evaluation -️CORRECT ANSWER-a systematic process that uses expert judgement to assess differences in value between jobs Ranking methos -️CORRECT ANSWER-subjectively compares jobs to each other based on their overall worth to the organization Job classification method -️CORRECT ANSWER-subjectively classifies jobs into an exiting hierarchy of grades and categories Point factor method -️CORRECT ANSWER-uses a set of compensable factors to determine a job's value. Skill, resp, effort, working cond. Compensable factor -️CORRECT ANSWER-any characteristic used to provide a basis for judging a job's value Skills, responsibilities, effort, working conditions -️CORRECT ANSWER-Four categories of compensable factors Hay Group Guide Chart -