WGU C236
Objective Assessment
EXAM PREP
Compensation and Benefits
Pass the Exam with Confidence
Use this Document to pass
I Was able to score exemplary on the Exam
with this.
Constitute over 90% of the Objective
Assessment (OA).
,How do employers define total rewards?
All forms of pay and compensation, tangible benefits, and other intangible
rewards that an organization provides
All forms of benefits such as insurance and paid time off, NOT including base
salary
Base salary
The ability to provide a fair, competitive salary in the job market
All forms of benefits such as insurance and paid time off, NOT including base salary
Cash compensation is the only element of a total rewards package.
TrueFalse
False
Which of the following is not considered an intangible reward?
Cash bonuses
Meaningful work
Playing a key role in a company
Rewarding relationships
Cash bonuses
Cash compensation influences:
Employee perception
Market perception
Management perception
Government perception
Employee perception
In this course, you will learn that as a compensation manager, you will:
Help employees understand how to negotiate a higher salary
Improve compensation systems and better enable your organization to meet its
goals
Explain to senior management why employees are unhappy with their salary
Develop strategies in which you will be able to create opportunities for career
advancement
,Improve compensation systems and better enable your organization to meet its goals
In your capacity as a generalist, your ability to impact compensation will happen
in the following way:
Staffing
Training
Recruiting
All of the above
All of the above
Compensation affects which groups of people in a company?
HR managers
Employees
Potential employees
All of the above
All of the above
As a compensation manager, you will not:
Understand the compensation plan
Manage company goals
Require the organization to implement a market-standardized compensation plan
Explain the compensation plan to others
Require the organization to implement a market-standardized compensation plan
What department of the company is not affected by the compensation plan?
All departments are affected
Marketing
Research and development
Accounting
All departments are affected
What is another term for "fringe benefits"?
Paid time off
Perks
Company parties
Salary
Perks
, One set of awards may fit one firm but may not fit another firm.
TrueFalse
true
To have an effective rewards system, you will not need to understand:
Employees' previous salary
Market conditions
Profitability
Customer needs
Employees' previous salary
What is variable pay?
Performance-based rewards and long-term equity
Being paid in a variety of ways (i.e. base salary, fringe benefits, etc.)
Being paid variably through the month
Ability to negotiate salary
Performance-based rewards and long-term equity
What is base pay?
The salary or hourly wage in exchange for the employee's contribution to the
organization
The salary based on the market rate
The salary or hourly wage including benefits
An hourly employee's wage for training hours
The salary or hourly wage in exchange for the employee's contribution to the
organization
Employee Performance represents:
The quality and quantity of the work that an organization has in the market
The quality of the work that individual employees produce in the organization
The quantity of the work that individual employees produce in the organization
The quality and quantity of the work that individual employees produce in the
organization
The quality and quantity of the work that individual employees produce in the
organization
An organizational citizenship behavior is:
Objective Assessment
EXAM PREP
Compensation and Benefits
Pass the Exam with Confidence
Use this Document to pass
I Was able to score exemplary on the Exam
with this.
Constitute over 90% of the Objective
Assessment (OA).
,How do employers define total rewards?
All forms of pay and compensation, tangible benefits, and other intangible
rewards that an organization provides
All forms of benefits such as insurance and paid time off, NOT including base
salary
Base salary
The ability to provide a fair, competitive salary in the job market
All forms of benefits such as insurance and paid time off, NOT including base salary
Cash compensation is the only element of a total rewards package.
TrueFalse
False
Which of the following is not considered an intangible reward?
Cash bonuses
Meaningful work
Playing a key role in a company
Rewarding relationships
Cash bonuses
Cash compensation influences:
Employee perception
Market perception
Management perception
Government perception
Employee perception
In this course, you will learn that as a compensation manager, you will:
Help employees understand how to negotiate a higher salary
Improve compensation systems and better enable your organization to meet its
goals
Explain to senior management why employees are unhappy with their salary
Develop strategies in which you will be able to create opportunities for career
advancement
,Improve compensation systems and better enable your organization to meet its goals
In your capacity as a generalist, your ability to impact compensation will happen
in the following way:
Staffing
Training
Recruiting
All of the above
All of the above
Compensation affects which groups of people in a company?
HR managers
Employees
Potential employees
All of the above
All of the above
As a compensation manager, you will not:
Understand the compensation plan
Manage company goals
Require the organization to implement a market-standardized compensation plan
Explain the compensation plan to others
Require the organization to implement a market-standardized compensation plan
What department of the company is not affected by the compensation plan?
All departments are affected
Marketing
Research and development
Accounting
All departments are affected
What is another term for "fringe benefits"?
Paid time off
Perks
Company parties
Salary
Perks
, One set of awards may fit one firm but may not fit another firm.
TrueFalse
true
To have an effective rewards system, you will not need to understand:
Employees' previous salary
Market conditions
Profitability
Customer needs
Employees' previous salary
What is variable pay?
Performance-based rewards and long-term equity
Being paid in a variety of ways (i.e. base salary, fringe benefits, etc.)
Being paid variably through the month
Ability to negotiate salary
Performance-based rewards and long-term equity
What is base pay?
The salary or hourly wage in exchange for the employee's contribution to the
organization
The salary based on the market rate
The salary or hourly wage including benefits
An hourly employee's wage for training hours
The salary or hourly wage in exchange for the employee's contribution to the
organization
Employee Performance represents:
The quality and quantity of the work that an organization has in the market
The quality of the work that individual employees produce in the organization
The quantity of the work that individual employees produce in the organization
The quality and quantity of the work that individual employees produce in the
organization
The quality and quantity of the work that individual employees produce in the
organization
An organizational citizenship behavior is:
