1
WGU C202 Managing Human Capital |
most recent |COMPLETE MOST TESTED
QUESTIONS AND VERIFIED ANSWERS |
(100% correct solutions)|GET IT A+
RIGHT!!
sDirect financial compensation - (ANSWER)compensation received in the form of
salary, wages, commissions, stock options or bonuses
indirect financial compensation - (ANSWER)all the tangible and financially valued
rewards that are not included in direct compensation including free meals,
vacation time and health insurance
nonfinancial compensation - (ANSWER)rewards and incentives given to
employees that aren't financial in nature
base pay - (ANSWER)reflects the size and scope of an employee's responsibilities
severance pay - (ANSWER)give to employees upon termination of their
employment
fixed pay - (ANSWER)pays employees a set amount regardless of performance
,2
variable pay - (ANSWER)bases some or all of an employee's compensation on
employee, team, or organizational
pay structure - (ANSWER)the array of pay rates for different work or skills within
a single organization
pay mix - (ANSWER)the relative emphasis give to different compensation
components
pay leader - (ANSWER)organization with a compensation policy of giving
employees greater rewards than competitors
pay follower - (ANSWER)an organization that pays its front-line employees as
little as possible
resource dependence theory - (ANSWER)proposition that organizational
decisions are influenced by both internal and external agents who control critical
resources
wage differentials - (ANSWER)differences in wage between various workers,
groups of workers, or workers within a career field
labor market - (ANSWER)all of the potential employees located within a
geographic area from which the organization might be able to hire
,3
cost of living allowances - (ANSWER)clauses in union contacts that automatically
increase wages base on the U.S. Bureau of Labor Statistics' cost of living index
market pricing - (ANSWER)uses external sources of information about how others
are compensating a certain position to assign value to a company's similar job
Compensation surveys - (ANSWER)surveys of other organizations conducted to
learn what they are paying for specific jobs or job classes
benchmark jobs - (ANSWER)jobs that tend to exist across departments and across
diverse organizations allowing them to be used as a basis for compensation
comparisons
job evaluation - (ANSWER)a systematic process that uses expert judgement to
assess differences in value between jobs
ranking methos - (ANSWER)subjectively compares jobs to each other based on
their overall worth to the organization
job classification method - (ANSWER)subjectively classifies jobs into an exiting
hierarchy of grades and categories
point factor method - (ANSWER)uses a set of compensable factors to determine a
job's value. skill, resp, effort, working cond.
, 4
compensable factor - (ANSWER)any characteristic used to provide a basis for
judging a job's value
skills, responsibilities, effort, working conditions - (ANSWER)Four categories of
compensable factors
Hay Group Guide Chart - Profile Method - (ANSWER)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
Know-how, problem solving, accountability, working conditions - (ANSWER)Hay
Group Method based on four main factors
Position Analysis Questionnaire - (ANSWER)a structured job evaluation
questionnaire that is statistically analyzed to calculate pay rates based on how the
labor market is valuing worker characteristics. a copyrighted, standardized,
structured job analysis questionnaire. 6 sections covering 187 job elements.
job pricing - (ANSWER)the generation of salary structures and pay levels for each
job based on the job evaluation data
WGU C202 Managing Human Capital |
most recent |COMPLETE MOST TESTED
QUESTIONS AND VERIFIED ANSWERS |
(100% correct solutions)|GET IT A+
RIGHT!!
sDirect financial compensation - (ANSWER)compensation received in the form of
salary, wages, commissions, stock options or bonuses
indirect financial compensation - (ANSWER)all the tangible and financially valued
rewards that are not included in direct compensation including free meals,
vacation time and health insurance
nonfinancial compensation - (ANSWER)rewards and incentives given to
employees that aren't financial in nature
base pay - (ANSWER)reflects the size and scope of an employee's responsibilities
severance pay - (ANSWER)give to employees upon termination of their
employment
fixed pay - (ANSWER)pays employees a set amount regardless of performance
,2
variable pay - (ANSWER)bases some or all of an employee's compensation on
employee, team, or organizational
pay structure - (ANSWER)the array of pay rates for different work or skills within
a single organization
pay mix - (ANSWER)the relative emphasis give to different compensation
components
pay leader - (ANSWER)organization with a compensation policy of giving
employees greater rewards than competitors
pay follower - (ANSWER)an organization that pays its front-line employees as
little as possible
resource dependence theory - (ANSWER)proposition that organizational
decisions are influenced by both internal and external agents who control critical
resources
wage differentials - (ANSWER)differences in wage between various workers,
groups of workers, or workers within a career field
labor market - (ANSWER)all of the potential employees located within a
geographic area from which the organization might be able to hire
,3
cost of living allowances - (ANSWER)clauses in union contacts that automatically
increase wages base on the U.S. Bureau of Labor Statistics' cost of living index
market pricing - (ANSWER)uses external sources of information about how others
are compensating a certain position to assign value to a company's similar job
Compensation surveys - (ANSWER)surveys of other organizations conducted to
learn what they are paying for specific jobs or job classes
benchmark jobs - (ANSWER)jobs that tend to exist across departments and across
diverse organizations allowing them to be used as a basis for compensation
comparisons
job evaluation - (ANSWER)a systematic process that uses expert judgement to
assess differences in value between jobs
ranking methos - (ANSWER)subjectively compares jobs to each other based on
their overall worth to the organization
job classification method - (ANSWER)subjectively classifies jobs into an exiting
hierarchy of grades and categories
point factor method - (ANSWER)uses a set of compensable factors to determine a
job's value. skill, resp, effort, working cond.
, 4
compensable factor - (ANSWER)any characteristic used to provide a basis for
judging a job's value
skills, responsibilities, effort, working conditions - (ANSWER)Four categories of
compensable factors
Hay Group Guide Chart - Profile Method - (ANSWER)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
Know-how, problem solving, accountability, working conditions - (ANSWER)Hay
Group Method based on four main factors
Position Analysis Questionnaire - (ANSWER)a structured job evaluation
questionnaire that is statistically analyzed to calculate pay rates based on how the
labor market is valuing worker characteristics. a copyrighted, standardized,
structured job analysis questionnaire. 6 sections covering 187 job elements.
job pricing - (ANSWER)the generation of salary structures and pay levels for each
job based on the job evaluation data
