WGU C236 Compensation & Benefit Comprehensive Exam || Over 500 Questions and All Correct Answers (Rated A+)

WGU C236 Compensation & Benefit Comprehensive Exam || Over 500 Questions and All Correct Answers (Rated A+) WGU C236 Compensation & Benefit Comprehensive Exam || Over 500 Questions and All Correct Answers (Rated A+) 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 - ANSWER - 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 - ANSWER - False Which of the following is not considered an intangible reward? Cash bonuses Meaningful work Playing a key role in a company Rewarding relationships - ANSWER - Cash bonuses Cash compensation influences: Employee perception Market perception Management perception Government perception - ANSWER - 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 - ANSWER - 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 - ANSWER - All of the above Compensation affects which groups of people in a company? HR managers Employees Potential employees All of the above - ANSWER - 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 - ANSWER - 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 - ANSWER - All departments are affected