WGU C236 Compensation and Benefits questions and answers 100% verified.

WGU C236 Compensation and Benefits questions and answers 100% verified. Absolute Level - correct answers.The reward can be defined. Paying an employee $50,000 salary per year is an example. Administrative - correct answers.Pertaining to the activities of running an organization or a business. Anchored Rating Scale - correct answers.Uses examples or definitions of typical behaviors to define each point along the scale. Autonomy - correct answers.Giving employees discretion in choosing what to do and how to do it. Bad Data Challenge - correct answers.Exists because the data a company obtains about market rates may not be an accurate representation of the market. It is often difficult to fully understand the quality of the data obtained from various sources, or how best to integrate this information, which adds error to any reward system based on that data. Base Pay - correct answers.Salary or hourly wages Benchmark Competitors - correct answers.A selection of primary organizations that exemplify the labor and product/service markets in which the organization competes. Benchmark Jobs - correct answers.Jobs that are representative of the type, content, and level of jobs in the organization. Benefit Benchmark Survey - correct answers.A tool that helps organizations better understand how employee benefits may impact their ability to attract and retain qualified employees. Benefit Level Strategy - correct answers.Refers to the level of each benefit type provided as well as the overall company expenditure. Benefit Mix Strategy - correct answers.Refers to the particular combination of benefit types that an organization offers. Broad Input - correct answers.Help, advice and thoughts from employees of all levels of the organization. Broadbanding - correct answers.Entails the use of a few broad bands (or grades) to organize work for pay purposes. Business Strategy - correct answers.The collection of decisions, approaches, and activities that allow an organization to compete and win Business Strategy Support - correct answers.Supporting a business' approach to adapting to changes in its environment in order to compete and win. Capability based Pay - correct answers.When a reward system explicitly attempts to vary rewards based upon capabilities of the employees. Types include Skill-based pay, Competency-based pay, and Seniority-based pay. Cash Compensation - correct answers.Monetary pay that employees receive in exchange for their work Central Tendency - correct answers.Describes what's typical for a set of data, usually measured by the arithmetic mean, median, or mode. Centralized Approach - correct answers.The Human Resources department makes all decisions relating to pay strategy, as well as specific reward decisions. Centralized Global Rewards Strategy - correct answers.Organizations attempt to have a single set of policies that are determined by the organization and utilized at all locations. Child Labor - correct answers.Defines the type of work appropriate for children and the ages at which children can work. Choose Compensable Factors - correct answers.Step one in the point factor approach to job evaluation Copay Policy - correct answers.A policy that requires employees to pay a set amount for each time any service is used. Collaborative Environment - correct answers.Teams of employees work in concert to be creative, solve problems, and produce results. Commission based - correct answers.These reward systems are most often used for jobs with a sales component and provide employees a set percentage of the sales that they make. They are used to provide a strong incentive to create sales and also to maximize the size of those sales. In a pure system, the full risk of low performance is