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Exam (elaborations)

WGU C236 Compensation and Benefits questions with verified answers.

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WGU C236 Compensation and Benefits questions with verified answers.










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Uploaded on
March 4, 2025
Number of pages
10
Written in
2024/2025
Type
Exam (elaborations)
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Questions & answers

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WGU C236 Compensation and Benefits questions
with verified answers
Absolute level Ans✓✓✓ The reward can be defined.


Anchored Rating Scale Ans✓✓✓ Use examples and/or definitions for each point
value on the scale.


Benchmark competitors Ans✓✓✓ A selection of primary organizations that
exemplify the labor and product/service markets in which the organization
competes.


Benchmark Competitors Ans✓✓✓ A selection of primary organizations that
exemplify the labor and product/service markets in which the organization
competes.


Benchmark jobs Ans✓✓✓ Jobs that are representative of the type, content and
level of jobs in the organization.


Benchmark Jobs Ans✓✓✓ Sample of jobs that is representative of the type,
content and level of jobs in the organization.


Broadbanding Ans✓✓✓ Entails the use of a few broad bands (or grades) to
organize work for pay purposes.


Business Strategy Ans✓✓✓ The collection of decision, approaches, and activities
that allow an organization to complete and win.

, Capability-based pay Ans✓✓✓ When a reward system explicitly attempts to
attempts to vary rewards based upon capabilities of the employees. (Skill,
competency, and seniority based pay)


Central Tendency Ans✓✓✓ Describes what's typical for a set of data, usually
measured by the arithmetic mean, median, or mode.


Centralized approach Ans✓✓✓ Human Resources makes all the decisions


Collaborative Environment Ans✓✓✓ Teams of employees work in concert to be
creative, solve problems, and produce result.


Compa-ration Ans✓✓✓ A ratio frequently used to measure the conformity of pay
rates to the pay plan.


Compensable factors Ans✓✓✓ Job elements or criteria that identify what the
organization values for purposes of job evaluation. Step one in the Point Factor
Approach.


Cost Leadership Strategy Ans✓✓✓ Focusing business priories on providing a
lower-cost product or service.


Critical Success Factors Ans✓✓✓ Capabilities, activities, customer perceptions
and market positions that allow an organization to out-compete its rivals.


Custom Questionnaires Ans✓✓✓ A series of questions that job incumbents
complete on their own.

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