WGU C202 MANAGING HUMAN CAPITAL FINAL EXAM
QUESTIONS AND VERIFIED ANSWERS () / A+
GRADE.
Direct financial compensation
Answer: compensation received in the form of salary, wages, commissions, stock options or
bonuses.
Indirect financial compensation
Answer: all the tangible and financially valued rewards that are not included in direct
compensation including free meals, vacation time and health insurance
Nonfinancial compensation
Answer: rewards and incentives given to employees that aren't financial in nature
Base pay
Answer: reflects the size and scope of an employee's responsibilities
Severance pay
Answer: give to employees upon termination of their employment
Fixed pay
Answer: pays employees a set amount regardless of performance
,Variable pay
Answer: bases some or all of an employee's compensation on employee, team, or
organizational
Pay structure
Answer: the array of pay rates for different work or skills within a single organization
Pay mix
Answer: the relative emphasis give to different compensation components
Pay leader
Answer: organization with a compensation policy of giving employees greater rewards than
competitors
Pay follower
Answer: an organization that pays its front-line employees as little as possible
Resource dependence theory
Answer: proposition that organizational decisions are influenced by both internal and external
agents who control critical resources
Wage differentials
Answer: differences in wage between various workers, groups of workers, or workers within a
career field
, Labor market
Answer: all of the potential employees located within a geographic area from which the
organization might be able to hire
Cost of living allowances
Answer: clauses in union contacts that automatically increase wages base on the u.s. bureau of
labor statistics' cost of living index
Market pricing
Answer: uses external sources of information about how others are compensating a certain
position to assign value to a company's similar job
Compensation surveys
Answer: surveys of other organizations conducted to learn what they are paying for specific jobs
or job classes
Benchmark jobs
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
Answer: a systematic process that uses expert judgement to assess differences in value
between jobs
Ranking methos
Answer: subjectively compares jobs to each other based on their overall worth to the
organization
QUESTIONS AND VERIFIED ANSWERS () / A+
GRADE.
Direct financial compensation
Answer: compensation received in the form of salary, wages, commissions, stock options or
bonuses.
Indirect financial compensation
Answer: all the tangible and financially valued rewards that are not included in direct
compensation including free meals, vacation time and health insurance
Nonfinancial compensation
Answer: rewards and incentives given to employees that aren't financial in nature
Base pay
Answer: reflects the size and scope of an employee's responsibilities
Severance pay
Answer: give to employees upon termination of their employment
Fixed pay
Answer: pays employees a set amount regardless of performance
,Variable pay
Answer: bases some or all of an employee's compensation on employee, team, or
organizational
Pay structure
Answer: the array of pay rates for different work or skills within a single organization
Pay mix
Answer: the relative emphasis give to different compensation components
Pay leader
Answer: organization with a compensation policy of giving employees greater rewards than
competitors
Pay follower
Answer: an organization that pays its front-line employees as little as possible
Resource dependence theory
Answer: proposition that organizational decisions are influenced by both internal and external
agents who control critical resources
Wage differentials
Answer: differences in wage between various workers, groups of workers, or workers within a
career field
, Labor market
Answer: all of the potential employees located within a geographic area from which the
organization might be able to hire
Cost of living allowances
Answer: clauses in union contacts that automatically increase wages base on the u.s. bureau of
labor statistics' cost of living index
Market pricing
Answer: uses external sources of information about how others are compensating a certain
position to assign value to a company's similar job
Compensation surveys
Answer: surveys of other organizations conducted to learn what they are paying for specific jobs
or job classes
Benchmark jobs
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
Answer: a systematic process that uses expert judgement to assess differences in value
between jobs
Ranking methos
Answer: subjectively compares jobs to each other based on their overall worth to the
organization
