WGU C236 Compensation and Benefits Study
Guide 202 Questions with Verified Answers
All forms of pay and compensation, tangible benefits, and other intangible
rewards that an organization provides. - CORRECT ANSWER Define Total Rewards
The three forms of rewards cash, benefits and intangibles act in concert to
influence employee behavior. - CORRECT ANSWER How are these three elements
of total rewards connected?
Retirement Plan - CORRECT ANSWER List an example of an employee benefit.
meaningful work and rewarding relationships - CORRECT ANSWER List an example
of an intangible benefit.
While the course has obvious value for the Compensation and Human Resource
Manager, it also is very relevant for every individual working in an organization
today. - CORRECT ANSWER Who will this course help?
This course will prepare you for one of the many roles that you will play in an
organization. This course will help you see how your total rewards strategy fits
with your business strategy and the other facets of your HR systems such as
staffing, recruiting, and training. - CORRECT ANSWER How will this course help HR
Managers?
,No matter your role in an organization, you are impacted by the rewards systems
used in an organization. This topic will help you understand those reward systems
to better see how your pay is determined, what benefits are being offered, and
how those rewards are determined. This understanding can then help you either
appreciate or seek to change those rewards to better meet your needs in the
employment deal. - CORRECT ANSWER How will this course help all careers
outside of HR?
Monetary pay that employees receive in exchange for their work. - CORRECT
ANSWER Define cash compensation.
Salary or hourly wages - CORRECT ANSWER What is base pay?
Can include performance-based rewards such as bonuses and commissions, as
well as longer-term equity rewards such as stock options. Rewards that vary as
performance varies. - CORRECT ANSWER What is variable pay?
The first and most prominent objective of a Total Rewards System is to direct
organizational activities toward higher performance. - CORRECT ANSWER What is
the first and foremost outcome of a Total Rewards System?
Represent those value-creating activities in which employees engage but which
are not part of their job. - CORRECT ANSWER Define the concept of Organizational
Citizenship Behaviors.
Employees who go beyond their defined responsibilities to help a colleague at
work contribute significantly to an organization's success. - CORRECT ANSWER
What is an example of an Organizational Citizenship Behavior?
,Employee performance, team performance, and Organizational Citizenship
Behaviors (OCBs) each contribute to the overall performance of the firm. -
CORRECT ANSWER What three areas contribute to the overall performance of an
organization?
Effectiveness at meeting customer needs, new product creation, and gains in
market share, profits, and other measures of financial return on the firm's assets. -
CORRECT ANSWER What can Organizational Performance include?
*The second category of outcomes by which Total Reward Systems are evaluated
is Attraction and Retention. A primary function of organizational rewards is to
attract the employees that the organization needs to do business.
*The third category of results deals with the employees' reactions to the Total
Rewards System, namely perceptions of Fairness and Satisfaction. These
perceptions are important because when employees perceive that the reward
system is fair and are satisfied with it, they are less likely to leave the organization.
- CORRECT ANSWER Explain the different categories of Total Rewards outcomes.
Because people-related expenses make up a significant portion of the
expenditures for many organizations, the levels of these expenditures have a big
impact on the bottom line. In that sense, reward systems must be monitored to
keep these costs under control. At the same time, however, it is important to
remember that the reward costs are an investment in an asset (Human Capital)
and a product or service (Performance), and simply reducing the cost without
consideration for its impact on performance or future performance capabilities
would be misguided. - CORRECT ANSWER How are Cost and Efficiency related to
the outcomes of the rewards System?
, Vacations, holidays, personal excused absences, and other opportunities for not
working are regarded as part of the benefit package. - CORRECT ANSWER What
additional items are a part of the benefits package?
Overtime, Shift Pay (nights), Hazard Pay, On call Pay, Call Back Pay, Geographic
Differentials, Holiday and Weekend Pay - CORRECT ANSWER What are the
different types of shift differentials?
The Fair Labor Standards Act (FLSA) of 1938 is commonly referred to as the Wage
and Hour Law or FLSA. It sets minimum wage standards, overtime pay standards,
and child labor restrictions. FLSA is administered by the Wage and Hour Division of
the Department of Labor, which tries to correct injustices via conciliation, the
assessment of fines, or legal decisions through the federal courts. - CORRECT
ANSWER What is the Fair Labor Standards Act?
Employees who are exempt from the overtime requirements of the Fair Labor
Standards Act, such as outside salespeople and executives who have
administrative or managerial responsibilities. As of January 1, 2020, the standard
salary level needed for an employee to be exempt from overtime pay is $35,568
per year or $684 per week.
(Non Exempt) Employees who are covered by the minimum wage and overtime
pay provisions of the FLSA. Non-exempt workers are those who are generally paid
on an hourly basis, such as blue-collar workers, maintenance workers,
construction workers, technicians, laborers, and semiskilled workers. - CORRECT
ANSWER What is the difference between exempt status and non-exempt status?
Guide 202 Questions with Verified Answers
All forms of pay and compensation, tangible benefits, and other intangible
rewards that an organization provides. - CORRECT ANSWER Define Total Rewards
The three forms of rewards cash, benefits and intangibles act in concert to
influence employee behavior. - CORRECT ANSWER How are these three elements
of total rewards connected?
Retirement Plan - CORRECT ANSWER List an example of an employee benefit.
meaningful work and rewarding relationships - CORRECT ANSWER List an example
of an intangible benefit.
While the course has obvious value for the Compensation and Human Resource
Manager, it also is very relevant for every individual working in an organization
today. - CORRECT ANSWER Who will this course help?
This course will prepare you for one of the many roles that you will play in an
organization. This course will help you see how your total rewards strategy fits
with your business strategy and the other facets of your HR systems such as
staffing, recruiting, and training. - CORRECT ANSWER How will this course help HR
Managers?
,No matter your role in an organization, you are impacted by the rewards systems
used in an organization. This topic will help you understand those reward systems
to better see how your pay is determined, what benefits are being offered, and
how those rewards are determined. This understanding can then help you either
appreciate or seek to change those rewards to better meet your needs in the
employment deal. - CORRECT ANSWER How will this course help all careers
outside of HR?
Monetary pay that employees receive in exchange for their work. - CORRECT
ANSWER Define cash compensation.
Salary or hourly wages - CORRECT ANSWER What is base pay?
Can include performance-based rewards such as bonuses and commissions, as
well as longer-term equity rewards such as stock options. Rewards that vary as
performance varies. - CORRECT ANSWER What is variable pay?
The first and most prominent objective of a Total Rewards System is to direct
organizational activities toward higher performance. - CORRECT ANSWER What is
the first and foremost outcome of a Total Rewards System?
Represent those value-creating activities in which employees engage but which
are not part of their job. - CORRECT ANSWER Define the concept of Organizational
Citizenship Behaviors.
Employees who go beyond their defined responsibilities to help a colleague at
work contribute significantly to an organization's success. - CORRECT ANSWER
What is an example of an Organizational Citizenship Behavior?
,Employee performance, team performance, and Organizational Citizenship
Behaviors (OCBs) each contribute to the overall performance of the firm. -
CORRECT ANSWER What three areas contribute to the overall performance of an
organization?
Effectiveness at meeting customer needs, new product creation, and gains in
market share, profits, and other measures of financial return on the firm's assets. -
CORRECT ANSWER What can Organizational Performance include?
*The second category of outcomes by which Total Reward Systems are evaluated
is Attraction and Retention. A primary function of organizational rewards is to
attract the employees that the organization needs to do business.
*The third category of results deals with the employees' reactions to the Total
Rewards System, namely perceptions of Fairness and Satisfaction. These
perceptions are important because when employees perceive that the reward
system is fair and are satisfied with it, they are less likely to leave the organization.
- CORRECT ANSWER Explain the different categories of Total Rewards outcomes.
Because people-related expenses make up a significant portion of the
expenditures for many organizations, the levels of these expenditures have a big
impact on the bottom line. In that sense, reward systems must be monitored to
keep these costs under control. At the same time, however, it is important to
remember that the reward costs are an investment in an asset (Human Capital)
and a product or service (Performance), and simply reducing the cost without
consideration for its impact on performance or future performance capabilities
would be misguided. - CORRECT ANSWER How are Cost and Efficiency related to
the outcomes of the rewards System?
, Vacations, holidays, personal excused absences, and other opportunities for not
working are regarded as part of the benefit package. - CORRECT ANSWER What
additional items are a part of the benefits package?
Overtime, Shift Pay (nights), Hazard Pay, On call Pay, Call Back Pay, Geographic
Differentials, Holiday and Weekend Pay - CORRECT ANSWER What are the
different types of shift differentials?
The Fair Labor Standards Act (FLSA) of 1938 is commonly referred to as the Wage
and Hour Law or FLSA. It sets minimum wage standards, overtime pay standards,
and child labor restrictions. FLSA is administered by the Wage and Hour Division of
the Department of Labor, which tries to correct injustices via conciliation, the
assessment of fines, or legal decisions through the federal courts. - CORRECT
ANSWER What is the Fair Labor Standards Act?
Employees who are exempt from the overtime requirements of the Fair Labor
Standards Act, such as outside salespeople and executives who have
administrative or managerial responsibilities. As of January 1, 2020, the standard
salary level needed for an employee to be exempt from overtime pay is $35,568
per year or $684 per week.
(Non Exempt) Employees who are covered by the minimum wage and overtime
pay provisions of the FLSA. Non-exempt workers are those who are generally paid
on an hourly basis, such as blue-collar workers, maintenance workers,
construction workers, technicians, laborers, and semiskilled workers. - CORRECT
ANSWER What is the difference between exempt status and non-exempt status?
