WGU C202 MANAGING HUMAN CAPITAL QUESTIONS
WITH COMPLETE SOLUTIONS GUARANTEED PASS BRAND
NEW 2025
Compensation received in the form of salary, wages,
commissions, stock options or bonuses -ANSWER -
>Direct financial compensation
all the tangible and financially valued rewards that are
not included in direct compensation including free meals,
vacation time and health insurance -ANSWER ->indirect
financial compensation
rewards and incentives given to employees that aren't
financial in nature -ANSWER ->nonfinancial
compensation
reflects the size and scope of an employee's
responsibilities -ANSWER ->base pay
give to employees upon termination of their
employment -ANSWER ->severance pay
pays employees a set amount regardless of performance
-ANSWER ->fixed pay
,bases some or all of an employee's compensation on
employee, team, or organizational -ANSWER ->variable
pay
the array of pay rates for different work or skills within a
single organization -ANSWER ->pay structure
the relative emphasis give to different compensation
components -ANSWER ->pay mix
organization with a compensation policy of giving
employees greater rewards than competitors -ANSWER -
>pay leader
an organization that pays its front-line employees as little
as possible -ANSWER ->pay follower
proposition that organizational decisions are influenced
by both internal and external agents who control critical
resources -ANSWER ->resource dependence theory
differences in wage between various workers, groups of
workers, or workers within a career field -ANSWER -
>wage differentials
,all of the potential employees located within a
geographic area from which the organization might be
able to hire -ANSWER ->labor market
clauses in union contacts that automatically increase
wages base on the U.S. Bureau of Labor Statistics' cost of
living index -ANSWER ->cost of living allowances
uses external sources of information about how others
are compensating a certain position to assign value to a
company's similar job -ANSWER ->market pricing
surveys of other organizations conducted to learn what
they are paying for specific jobs or job classes -ANSWER -
>Compensation surveys
jobs that tend to exist across departments and across
diverse organizations allowing them to be used as a basis
for compensation comparisons -ANSWER ->benchmark
jobs
a systematic process that uses expert judgement to
assess differences in value between jobs -ANSWER ->job
evaluation
, subjectively compares jobs to each other based on their
overall worth to the organization -ANSWER ->ranking
methos
subjectively classifies jobs into an exiting hierarchy of
grades and categories -ANSWER ->job classification
method
uses a set of compensable factors to determine a job's
value. skill, resp, effort, working cond. -ANSWER ->point
factor method
any characteristic used to provide a basis for judging a
job's value -ANSWER ->compensable factor
Four categories of compensable factors -ANSWER ->skills,
responsibilities, effort, working conditions
a point-factor system is used to produce both a profile
and a point score for each position.
know how
problem solving
accountability
working conditions -ANSWER ->Hay Group Guide Chart -
Profile Method
WITH COMPLETE SOLUTIONS GUARANTEED PASS BRAND
NEW 2025
Compensation received in the form of salary, wages,
commissions, stock options or bonuses -ANSWER -
>Direct financial compensation
all the tangible and financially valued rewards that are
not included in direct compensation including free meals,
vacation time and health insurance -ANSWER ->indirect
financial compensation
rewards and incentives given to employees that aren't
financial in nature -ANSWER ->nonfinancial
compensation
reflects the size and scope of an employee's
responsibilities -ANSWER ->base pay
give to employees upon termination of their
employment -ANSWER ->severance pay
pays employees a set amount regardless of performance
-ANSWER ->fixed pay
,bases some or all of an employee's compensation on
employee, team, or organizational -ANSWER ->variable
pay
the array of pay rates for different work or skills within a
single organization -ANSWER ->pay structure
the relative emphasis give to different compensation
components -ANSWER ->pay mix
organization with a compensation policy of giving
employees greater rewards than competitors -ANSWER -
>pay leader
an organization that pays its front-line employees as little
as possible -ANSWER ->pay follower
proposition that organizational decisions are influenced
by both internal and external agents who control critical
resources -ANSWER ->resource dependence theory
differences in wage between various workers, groups of
workers, or workers within a career field -ANSWER -
>wage differentials
,all of the potential employees located within a
geographic area from which the organization might be
able to hire -ANSWER ->labor market
clauses in union contacts that automatically increase
wages base on the U.S. Bureau of Labor Statistics' cost of
living index -ANSWER ->cost of living allowances
uses external sources of information about how others
are compensating a certain position to assign value to a
company's similar job -ANSWER ->market pricing
surveys of other organizations conducted to learn what
they are paying for specific jobs or job classes -ANSWER -
>Compensation surveys
jobs that tend to exist across departments and across
diverse organizations allowing them to be used as a basis
for compensation comparisons -ANSWER ->benchmark
jobs
a systematic process that uses expert judgement to
assess differences in value between jobs -ANSWER ->job
evaluation
, subjectively compares jobs to each other based on their
overall worth to the organization -ANSWER ->ranking
methos
subjectively classifies jobs into an exiting hierarchy of
grades and categories -ANSWER ->job classification
method
uses a set of compensable factors to determine a job's
value. skill, resp, effort, working cond. -ANSWER ->point
factor method
any characteristic used to provide a basis for judging a
job's value -ANSWER ->compensable factor
Four categories of compensable factors -ANSWER ->skills,
responsibilities, effort, working conditions
a point-factor system is used to produce both a profile
and a point score for each position.
know how
problem solving
accountability
working conditions -ANSWER ->Hay Group Guide Chart -
Profile Method
