WGU C236 Compensation and Benefits Exam 264
Questions with Verified Answers
The reward can be defined. Paying an employee $50,000 salary per year is an
example. - CORRECT ANSWER Absolute Level
Pertaining to the activities of running an organization or a business. - CORRECT
ANSWER Administrative
Uses examples or definitions of typical behaviors to define each point along the
scale. - CORRECT ANSWER Anchored Rating Scale
Giving employees discretion in choosing what to do and how to do it. - CORRECT
ANSWER Autonomy
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. -
CORRECT ANSWER Bad Data Challenge
Salary or hourly wages - CORRECT ANSWER Base Pay
A selection of primary organizations that exemplify the labor and product/service
markets in which the organization competes. - CORRECT ANSWER Benchmark
Competitors
,Jobs that are representative of the type, content, and level of jobs in the
organization. - CORRECT ANSWER Benchmark Jobs
A tool that helps organizations better understand how employee benefits may
impact their ability to attract and retain qualified employees. - CORRECT ANSWER
Benefit Benchmark Survey
Refers to the level of each benefit type provided as well as the overall company
expenditure. - CORRECT ANSWER Benefit Level Strategy
Refers to the particular combination of benefit types that an organization offers. -
CORRECT ANSWER Benefit Mix Strategy
Help, advice and thoughts from employees of all levels of the organization. -
CORRECT ANSWER Broad Input
Entails the use of a few broad bands (or grades) to organize work for pay
purposes. - CORRECT ANSWER Broadbanding
The collection of decisions, approaches, and activities that allow an organization
to compete and win - CORRECT ANSWER Business Strategy
Supporting a business' approach to adapting to changes in its environment in
order to compete and win. - CORRECT ANSWER Business Strategy Support
,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. - CORRECT ANSWER Capability based Pay
Monetary pay that employees receive in exchange for their work - CORRECT
ANSWER Cash Compensation
Describes what's typical for a set of data, usually measured by the arithmetic
mean, median, or mode. - CORRECT ANSWER Central Tendency
The Human Resources department makes all decisions relating to pay strategy, as
well as specific reward decisions. - CORRECT ANSWER Centralized Approach
Organizations attempt to have a single set of policies that are determined by the
organization and utilized at all locations. - CORRECT ANSWER Centralized Global
Rewards Strategy
Defines the type of work appropriate for children and the ages at which children
can work. - CORRECT ANSWER Child Labor
Step one in the point factor approach to job evaluation - CORRECT ANSWER
Choose Compensable Factors
A policy that requires employees to pay a set amount for each time any service is
used. - CORRECT ANSWER Copay Policy
, Teams of employees work in concert to be creative, solve problems, and produce
results. - CORRECT ANSWER Collaborative Environment
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 borne by the
employees. For this reason many organizations pair this system with some other
form of base pay (such as salary) to more evenly distribute that risk. - CORRECT
ANSWER Commission based
A plan for creating, sharing, and receiving information relating to its Total Rewards
Systems. - CORRECT ANSWER Communication Strategy
A ratio frequently used to measure the conformity of pay rates to the pay plan. -
CORRECT ANSWER Compa-ratio
Identifying these is step one in the Point factor Approach. Job elements or criteria
that identify what the organization values for purposes of job evaluation. -
CORRECT ANSWER Compensable Factor
Paid time off instead of overtime pay. - CORRECT ANSWER Compensatory Time
Configurations of knowledge, skills, and traits that enable employee performance.
- CORRECT ANSWER Competencies
Programming, network administration - CORRECT ANSWER Computer
Questions with Verified Answers
The reward can be defined. Paying an employee $50,000 salary per year is an
example. - CORRECT ANSWER Absolute Level
Pertaining to the activities of running an organization or a business. - CORRECT
ANSWER Administrative
Uses examples or definitions of typical behaviors to define each point along the
scale. - CORRECT ANSWER Anchored Rating Scale
Giving employees discretion in choosing what to do and how to do it. - CORRECT
ANSWER Autonomy
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. -
CORRECT ANSWER Bad Data Challenge
Salary or hourly wages - CORRECT ANSWER Base Pay
A selection of primary organizations that exemplify the labor and product/service
markets in which the organization competes. - CORRECT ANSWER Benchmark
Competitors
,Jobs that are representative of the type, content, and level of jobs in the
organization. - CORRECT ANSWER Benchmark Jobs
A tool that helps organizations better understand how employee benefits may
impact their ability to attract and retain qualified employees. - CORRECT ANSWER
Benefit Benchmark Survey
Refers to the level of each benefit type provided as well as the overall company
expenditure. - CORRECT ANSWER Benefit Level Strategy
Refers to the particular combination of benefit types that an organization offers. -
CORRECT ANSWER Benefit Mix Strategy
Help, advice and thoughts from employees of all levels of the organization. -
CORRECT ANSWER Broad Input
Entails the use of a few broad bands (or grades) to organize work for pay
purposes. - CORRECT ANSWER Broadbanding
The collection of decisions, approaches, and activities that allow an organization
to compete and win - CORRECT ANSWER Business Strategy
Supporting a business' approach to adapting to changes in its environment in
order to compete and win. - CORRECT ANSWER Business Strategy Support
,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. - CORRECT ANSWER Capability based Pay
Monetary pay that employees receive in exchange for their work - CORRECT
ANSWER Cash Compensation
Describes what's typical for a set of data, usually measured by the arithmetic
mean, median, or mode. - CORRECT ANSWER Central Tendency
The Human Resources department makes all decisions relating to pay strategy, as
well as specific reward decisions. - CORRECT ANSWER Centralized Approach
Organizations attempt to have a single set of policies that are determined by the
organization and utilized at all locations. - CORRECT ANSWER Centralized Global
Rewards Strategy
Defines the type of work appropriate for children and the ages at which children
can work. - CORRECT ANSWER Child Labor
Step one in the point factor approach to job evaluation - CORRECT ANSWER
Choose Compensable Factors
A policy that requires employees to pay a set amount for each time any service is
used. - CORRECT ANSWER Copay Policy
, Teams of employees work in concert to be creative, solve problems, and produce
results. - CORRECT ANSWER Collaborative Environment
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 borne by the
employees. For this reason many organizations pair this system with some other
form of base pay (such as salary) to more evenly distribute that risk. - CORRECT
ANSWER Commission based
A plan for creating, sharing, and receiving information relating to its Total Rewards
Systems. - CORRECT ANSWER Communication Strategy
A ratio frequently used to measure the conformity of pay rates to the pay plan. -
CORRECT ANSWER Compa-ratio
Identifying these is step one in the Point factor Approach. Job elements or criteria
that identify what the organization values for purposes of job evaluation. -
CORRECT ANSWER Compensable Factor
Paid time off instead of overtime pay. - CORRECT ANSWER Compensatory Time
Configurations of knowledge, skills, and traits that enable employee performance.
- CORRECT ANSWER Competencies
Programming, network administration - CORRECT ANSWER Computer
