WGU C236 COMPENSATION AND BENEFIT

WGU C236 COMPENSATION AND
BENEFITS


Absolute66Level66-66answer--
The66reward66can66be66defined.66Paying66an66employee66$50,00066salary66per66year66is
66an66example.


Administrative66-66answer--
Pertaining66to66the66activities66of66running66an66organization66or66a66business.

Anchored66Rating66Scale66-66answer--
Uses66examples66or66definitions66of66typical66behaviors66to66define66each66point66along6
6the66scale.


Autonomy66-66answer--
Giving66employees66discretion66in66choosing66what66to66do66and66how66to66do66it.

Bad66Data66Challenge66-66answer--
Exists66because66the66data66a66company66obtains66about66market66rates66may66not66be
66an66accurate66representation66of66the66market.66It66is66often66difficult66to66fully66unders
tand66the66quality66of66the66data66obtained66from66various66sources,66or66how66best66to6
6integrate66this66information,66which66adds66error66to66any66reward66system66based66on6
6that66data.


Base66Pay66-66answer--Salary66or66hourly66wages

Benchmark66Competitors66-66answer--
A66selection66of66primary66organizations66that66exemplify66the66labor66and66product/
service66markets66in66which66the66organization66competes.

Benchmark66Jobs66-66answer--
Jobs66that66are66representative66of66the66type,66content,66and66level66of66jobs66in66the66
organization.

Benefit66Benchmark66Survey66-66answer--
A66tool66that66helps66organizations66better66understand66how66employee66benefits66may
66impact66their66ability66to66attract66and66retain66qualified66employees.

,Benefit66Level66Strategy66-66answer--
Refers66to66the66level66of66each66benefit66type66provided66as66well66as66the66overall66co
mpany66expenditure.

Benefit66Mix66Strategy66-66answer--
Refers66to66the66particular66combination66of66benefit66types66that66an66organization66offe
rs.

Broad66Input66-66answer--
Help,66advice66and66thoughts66from66employees66of66all66levels66of66the66organization.

Broadbanding66-66answer--
Entails66the66use66of66a66few66broad66bands66(or66grades)66to66organize66work66for66pay
66purposes.


Business66Strategy66-66answer--
The66collection66of66decisions,66approaches,66and66activities66that66allow66an66organizati
on66to66compete66and66win

Business66Strategy66Support66-66answer--
Supporting66a66business'66approach66to66adapting66to66changes66in66its66environment66i
n66order66to66compete66and66win.

Capability66based66Pay66-66answer--
When66a66reward66system66explicitly66attempts66to66vary66rewards66based66upon66capa
bilities66of66the66employees.66Types66include66Skill-based66pay,66Competency-
based66pay,66and66Seniority-based66pay.

Cash66Compensation66-66answer--
Monetary66pay66that66employees66receive66in66exchange66for66their66work

Central66Tendency66-66answer--
Describes66what's66typical66for66a66set66of66data,66usually66measured66by66the66arithmeti
c66mean,66median,66or66mode.

Centralized66Approach66-66answer--
The66Human66Resources66department66makes66all66decisions66relating66to66pay66strate
gy,66as66well66as66specific66reward66decisions.

Centralized66Global66Rewards66Strategy66-66answer--
Organizations66attempt66to66have66a66single66set66of66policies66that66are66determined66b
y66the66organization66and66utilized66at66all66locations.

Child66Labor66-66answer--
Defines66the66type66of66work66appropriate66for66children66and66the66ages66at66which66chi
ldren66can66work.

, Choose66Compensable66Factors66-66answer--
Step66one66in66the66point66factor66approach66to66job66evaluation

Copay66Policy66-66answer--
A66policy66that66requires66employees66to66pay66a66set66amount66for66each66time66any66s
ervice66is66used.

Collaborative66Environment66-66answer--
Teams66of66employees66work66in66concert66to66be66creative,66solve66problems,66and66pr
oduce66results.

Commission66based66-66answer--
These66reward66systems66are66most66often66used66for66jobs66with66a66sales66componen
t66and66provide66employees66a66set66percentage66of66the66sales66that66they66make.66Th
ey66are66used66to66provide66a66strong66incentive66to66create66sales66and66also66to66maxi
mize66the66size66of66those66sales.66In66a66pure66system,66the66full66risk66of66low66perfor
mance66is66borne66by66the66employees.66For66this66reason66many66organizations66pair66
this66system66with66some66other66form66of66base66pay66(such66as66salary)66to66more66ev
enly66distribute66that66risk.

Communication66Strategy66-66answer--
A66plan66for66creating,66sharing,66and66receiving66information66relating66to66its66Total66R
ewards66Systems.

Compa-ratio66-66answer--
A66ratio66frequently66used66to66measure66the66conformity66of66pay66rates66to66the66pay66
plan.

Compensable66Factor66-66answer--
Identifying66these66is66step66one66in66the66Point66factor66Approach.66Job66elements66or66
criteria66that66identify66what66the66organization66values66for66purposes66of66job66evaluati
on.

Compensatory66Time66-66answer--Paid66time66off66instead66of66overtime66pay.

Competencies66-66answer--
Configurations66of66knowledge,66skills,66and66traits66that66enable66employee66performan
ce.

Computer66-66answer--Programming,66network66administration

Consolidate66Information66Into66Job66Description66Draft66-66answer--
Fourth66step66in66the66job66analysis66process.66Review66the66information66gathered66fro
m66the66interviews66to66create66the66draft66of66the66job66description.66This66draft66should
66note66any66points66of66uncertainty66or66disagreement66among66information66sources.