WGU C202 MANAGING HUMAN CAPITAL
FINAL EXAM QUESTIONS AND VERIFIED
ANSWERS () / A+ GRADE
DirectFfinancialFcompensationF-FCORRECTFANSWER-
compensationFreceivedFinFtheFformFofFsalary,Fwages,Fcommissions,FstockFoptionsForF
bonuses
indirectFfinancialFcompensationF-FCORRECTFANSWER-
allFtheFtangibleFandFfinanciallyFvaluedFrewardsFthatFareFnotFincludedFinFdirectFcompen
sationFincludingFfreeFmeals,FvacationFtimeFandFhealthFinsurance
nonfinancialFcompensationF-FCORRECTFANSWER-
rewardsFandFincentivesFgivenFtoFemployeesFthatFaren'tFfinancialFinFnature
baseFpayF-FCORRECTFANSWER-
reflectsFtheFsizeFandFscopeFofFanFemployee'sFresponsibilities
severanceFpayF-FCORRECTFANSWER-
giveFtoFemployeesFuponFterminationFofFtheirFemployment
fixedFpayF-FCORRECTFANSWER-
paysFemployeesFaFsetFamountFregardlessFofFperformance
variableFpayF-FCORRECTFANSWER-
basesFsomeForFallFofFanFemployee'sFcompensationFonFemployee,Fteam,ForForganizati
onal
payFstructureF-FCORRECTFANSWER-
theFarrayFofFpayFratesFforFdifferentFworkForFskillsFwithinFaFsingleForganization
payFmixF-FCORRECTFANSWER-
theFrelativeFemphasisFgiveFtoFdifferentFcompensationFcomponents
payFleaderF-FCORRECTFANSWER-
organizationFwithFaFcompensationFpolicyFofFgivingFemployeesFgreaterFrewardsFthanFc
ompetitors
payFfollowerF-FCORRECTFANSWER-anForganizationFthatFpaysFitsFfront-
lineFemployeesFasFlittleFasFpossible
,resourceFdependenceFtheoryF-FCORRECTFANSWER-
propositionFthatForganizationalFdecisionsFareFinfluencedFbyFbothFinternalFandFexternalF
agentsFwhoFcontrolFcriticalFresources
wageFdifferentialsF-FCORRECTFANSWER-
differencesFinFwageFbetweenFvariousFworkers,FgroupsFofFworkers,ForFworkersFwithinFa
FcareerFfield
laborFmarketF-FCORRECTFANSWER-
allFofFtheFpotentialFemployeesFlocatedFwithinFaFgeographicFareaFfromFwhichFtheForgan
izationFmightFbeFableFtoFhire
costFofFlivingFallowancesF-FCORRECTFANSWER-
clausesFinFunionFcontactsFthatFautomaticallyFincreaseFwagesFbaseFonFtheFU.S.FBurea
uFofFLaborFStatistics'FcostFofFlivingFindex
marketFpricingF-FCORRECTFANSWER-
usesFexternalFsourcesFofFinformationFaboutFhowFothersFareFcompensatingFaFcertainFp
ositionFtoFassignFvalueFtoFaFcompany'sFsimilarFjob
CompensationFsurveysF-FCORRECTFANSWER-
surveysFofFotherForganizationsFconductedFtoFlearnFwhatFtheyFareFpayingFforFspecificFj
obsForFjobFclasses
benchmarkFjobsF-FCORRECTFANSWER-
jobsFthatFtendFtoFexistFacrossFdepartmentsFandFacrossFdiverseForganizationsFallowing
FthemFtoFbeFusedFasFaFbasisFforFcompensationFcomparisons
jobFevaluationF-FCORRECTFANSWER-
aFsystematicFprocessFthatFusesFexpertFjudgementFtoFassessFdifferencesFinFvalueFbet
weenFjobs
rankingFmethosF-FCORRECTFANSWER-
subjectivelyFcomparesFjobsFtoFeachFotherFbasedFonFtheirFoverallFworthFtoFtheForganiz
ation
jobFclassificationFmethodF-FCORRECTFANSWER-
subjectivelyFclassifiesFjobsFintoFanFexitingFhierarchyFofFgradesFandFcategories
pointFfactorFmethodF-FCORRECTFANSWER-
usesFaFsetFofFcompensableFfactorsFtoFdetermineFaFjob'sFvalue.Fskill,Fresp,Feffort,Fwork
ingFcond.
compensableFfactorF-FCORRECTFANSWER-
anyFcharacteristicFusedFtoFprovideFaFbasisFforFjudgingFaFjob'sFvalue
,skills,Fresponsibilities,Feffort,FworkingFconditionsF-FCORRECTFANSWER-
FourFcategoriesFofFcompensableFfactors
HayFGroupFGuideFChartF-FProfileFMethodF-FCORRECTFANSWER-aFpoint-
factorFsystemFisFusedFtoFproduceFbothFaFprofileFandFaFpointFscoreFforFeachFposition.
knowFhow
problemFsolving
accountability
workingFconditions
Know-how,FproblemFsolving,Faccountability,FworkingFconditionsF-
FCORRECTFANSWER-HayFGroupFMethodFbasedFonFfourFmainFfactors
PositionFAnalysisFQuestionnaireF-FCORRECTFANSWER-
aFstructuredFjobFevaluationFquestionnaireFthatFisFstatisticallyFanalyzedFtoFcalculateFpa
yFratesFbasedFonFhowFtheFlaborFmarketFisFvaluingFworkerFcharacteristics.FaFcopyright
ed,Fstandardized,FstructuredFjobFanalysisFquestionnaire.F6FsectionsFcoveringF187FjobF
elements.
jobFpricingF-FCORRECTFANSWER-
theFgenerationFofFsalaryFstructuresFandFpayFlevelsFforFeachFjobFbasedFonFtheFjobFeva
luationFdata
singleFrateFsystem,FpayFgradesFandFbroadbandingF-FCORRECTFANSWER-
ThreeFmostFcommonFjobFpricingFsystems
payFgradeF(payFscale)F-FCORRECTFANSWER-
theFrangeFofFpossibleFpayFforFaFgroupFofFjobs
broadbandingF-FCORRECTFANSWER-
usingFveryFwideFpayFgradesFtoFincreaseFpayFflexibility
internalFequityF-FCORRECTFANSWER-
whenFemployeesFperceiveFtheirFpayFtoFbeFfairFrelativeFtoFtheFpayFofFotherFjobsFinFtheF
organization
employeeFequityF-FCORRECTFANSWER-
theFperceivedFfairnessFofFtheFrelativeFpayFbetweenFemployeesFperformingFsimilarFjobs
FforFtheFsameForganization
externalFequityF-FCORRECTFANSWER-
whenFanForganization'sFemployeesFbelieveFthatFtheirFpayFisFfairFwhenFcomparedFtoFw
hatFotherFemployersFpayFtheirFemployeesFwhoFperformFsimilarFjobs
, comparableFworthF-FCORRECTFANSWER-
ifFtwoFjobsFhaveFequalFdifficultyFrequirements,FtheFpayFshouldFbeFtheFsame,Fregardles
sFofFwhoFfillsFthem
wageFrateFcompressionF-FCORRECTFANSWER-
startingFsalariesFforFnewFhiresFexceedFtheFsalariesFpaidFtoFexperiencedFemployees
goldenFparachuteF-FCORRECTFANSWER-
lucrativeFbenefitsFgivenFtoFexecutivesFinFtheFeventFtheFcompanyFisFtakenFover
Cost-of-livingFadjustmentsF-FCORRECTFANSWER-
payFincreasesFtoFaccountFforFaFhigherFcostFofFlivingFinFoneFcountryFversusFanother
HousingFallowanceF-FCORRECTFANSWER-
paymentsFtoFsubsidizeForFcoverFhousingFandFrelatedFcosts
hardshipFpremiumsF-FCORRECTFANSWER-
increasedFsalaryFforFlivingFinFanFareaFwithFaFlowerFqualityFofFlife,FlessFsafety,Fetc.
taxFequalizationFpaymentsF-FCORRECTFANSWER-
increasedFsalaryFtoFmakeFupFforFhigherFtaxesFthatFreduceFtake-
homeFpayFandFdecreaseFemployee'sFpurchasingFpower
inflationFadjustmentsF-FCORRECTFANSWER-
largerFand/orFmoreFfrequentFraisesFtoFmaintainFemployee'sFpurchasingFpowerFinFtheFf
aceFofFinflation
FairFLaborFStandardsFActFofF1938F-FCORRECTFANSWER-
aFfederalFlawFthatFsetsFstandardsFforFminimumFwages,FovertimeFpay,FandFequalFpayFf
orFmenFandFwomenFperformingFtheFsameFjobs
exemptFemployeesF-FCORRECTFANSWER-
employeesFwhoFmeetFoneFofFtheFFLSAFexemptionFtests,FareFpaidFonFaFfixedFsalaryFb
asisFandFareFnotFentitledFtoFovertimeFpay
non-exemptFemployeesF-FCORRECTFANSWER-
employeesFwhoFdoFnotFmeetFanyFofFoneFofFtheFFLSAFexemptionFtestsFandFareFpaidF
onFanFhourlyFbasisFandFcoveredFbyFwageFandFhourFlawsFregardingFminimumFwage,Fo
vertimeFpayFandFhoursFworked
workers'FcompensationF-FCORRECTFANSWER-
aFtypeFofFinsuranceFthatFreplacesFwagesFandFmedicalFbenefitsFforFemployeesFinjuredF
onFtheFjobFinFexchangeFforFrelinquishingFtheFemployee'sFrightFtoFsueFtheFemployerFfor
Fnegligence
FINAL EXAM QUESTIONS AND VERIFIED
ANSWERS () / A+ GRADE
DirectFfinancialFcompensationF-FCORRECTFANSWER-
compensationFreceivedFinFtheFformFofFsalary,Fwages,Fcommissions,FstockFoptionsForF
bonuses
indirectFfinancialFcompensationF-FCORRECTFANSWER-
allFtheFtangibleFandFfinanciallyFvaluedFrewardsFthatFareFnotFincludedFinFdirectFcompen
sationFincludingFfreeFmeals,FvacationFtimeFandFhealthFinsurance
nonfinancialFcompensationF-FCORRECTFANSWER-
rewardsFandFincentivesFgivenFtoFemployeesFthatFaren'tFfinancialFinFnature
baseFpayF-FCORRECTFANSWER-
reflectsFtheFsizeFandFscopeFofFanFemployee'sFresponsibilities
severanceFpayF-FCORRECTFANSWER-
giveFtoFemployeesFuponFterminationFofFtheirFemployment
fixedFpayF-FCORRECTFANSWER-
paysFemployeesFaFsetFamountFregardlessFofFperformance
variableFpayF-FCORRECTFANSWER-
basesFsomeForFallFofFanFemployee'sFcompensationFonFemployee,Fteam,ForForganizati
onal
payFstructureF-FCORRECTFANSWER-
theFarrayFofFpayFratesFforFdifferentFworkForFskillsFwithinFaFsingleForganization
payFmixF-FCORRECTFANSWER-
theFrelativeFemphasisFgiveFtoFdifferentFcompensationFcomponents
payFleaderF-FCORRECTFANSWER-
organizationFwithFaFcompensationFpolicyFofFgivingFemployeesFgreaterFrewardsFthanFc
ompetitors
payFfollowerF-FCORRECTFANSWER-anForganizationFthatFpaysFitsFfront-
lineFemployeesFasFlittleFasFpossible
,resourceFdependenceFtheoryF-FCORRECTFANSWER-
propositionFthatForganizationalFdecisionsFareFinfluencedFbyFbothFinternalFandFexternalF
agentsFwhoFcontrolFcriticalFresources
wageFdifferentialsF-FCORRECTFANSWER-
differencesFinFwageFbetweenFvariousFworkers,FgroupsFofFworkers,ForFworkersFwithinFa
FcareerFfield
laborFmarketF-FCORRECTFANSWER-
allFofFtheFpotentialFemployeesFlocatedFwithinFaFgeographicFareaFfromFwhichFtheForgan
izationFmightFbeFableFtoFhire
costFofFlivingFallowancesF-FCORRECTFANSWER-
clausesFinFunionFcontactsFthatFautomaticallyFincreaseFwagesFbaseFonFtheFU.S.FBurea
uFofFLaborFStatistics'FcostFofFlivingFindex
marketFpricingF-FCORRECTFANSWER-
usesFexternalFsourcesFofFinformationFaboutFhowFothersFareFcompensatingFaFcertainFp
ositionFtoFassignFvalueFtoFaFcompany'sFsimilarFjob
CompensationFsurveysF-FCORRECTFANSWER-
surveysFofFotherForganizationsFconductedFtoFlearnFwhatFtheyFareFpayingFforFspecificFj
obsForFjobFclasses
benchmarkFjobsF-FCORRECTFANSWER-
jobsFthatFtendFtoFexistFacrossFdepartmentsFandFacrossFdiverseForganizationsFallowing
FthemFtoFbeFusedFasFaFbasisFforFcompensationFcomparisons
jobFevaluationF-FCORRECTFANSWER-
aFsystematicFprocessFthatFusesFexpertFjudgementFtoFassessFdifferencesFinFvalueFbet
weenFjobs
rankingFmethosF-FCORRECTFANSWER-
subjectivelyFcomparesFjobsFtoFeachFotherFbasedFonFtheirFoverallFworthFtoFtheForganiz
ation
jobFclassificationFmethodF-FCORRECTFANSWER-
subjectivelyFclassifiesFjobsFintoFanFexitingFhierarchyFofFgradesFandFcategories
pointFfactorFmethodF-FCORRECTFANSWER-
usesFaFsetFofFcompensableFfactorsFtoFdetermineFaFjob'sFvalue.Fskill,Fresp,Feffort,Fwork
ingFcond.
compensableFfactorF-FCORRECTFANSWER-
anyFcharacteristicFusedFtoFprovideFaFbasisFforFjudgingFaFjob'sFvalue
,skills,Fresponsibilities,Feffort,FworkingFconditionsF-FCORRECTFANSWER-
FourFcategoriesFofFcompensableFfactors
HayFGroupFGuideFChartF-FProfileFMethodF-FCORRECTFANSWER-aFpoint-
factorFsystemFisFusedFtoFproduceFbothFaFprofileFandFaFpointFscoreFforFeachFposition.
knowFhow
problemFsolving
accountability
workingFconditions
Know-how,FproblemFsolving,Faccountability,FworkingFconditionsF-
FCORRECTFANSWER-HayFGroupFMethodFbasedFonFfourFmainFfactors
PositionFAnalysisFQuestionnaireF-FCORRECTFANSWER-
aFstructuredFjobFevaluationFquestionnaireFthatFisFstatisticallyFanalyzedFtoFcalculateFpa
yFratesFbasedFonFhowFtheFlaborFmarketFisFvaluingFworkerFcharacteristics.FaFcopyright
ed,Fstandardized,FstructuredFjobFanalysisFquestionnaire.F6FsectionsFcoveringF187FjobF
elements.
jobFpricingF-FCORRECTFANSWER-
theFgenerationFofFsalaryFstructuresFandFpayFlevelsFforFeachFjobFbasedFonFtheFjobFeva
luationFdata
singleFrateFsystem,FpayFgradesFandFbroadbandingF-FCORRECTFANSWER-
ThreeFmostFcommonFjobFpricingFsystems
payFgradeF(payFscale)F-FCORRECTFANSWER-
theFrangeFofFpossibleFpayFforFaFgroupFofFjobs
broadbandingF-FCORRECTFANSWER-
usingFveryFwideFpayFgradesFtoFincreaseFpayFflexibility
internalFequityF-FCORRECTFANSWER-
whenFemployeesFperceiveFtheirFpayFtoFbeFfairFrelativeFtoFtheFpayFofFotherFjobsFinFtheF
organization
employeeFequityF-FCORRECTFANSWER-
theFperceivedFfairnessFofFtheFrelativeFpayFbetweenFemployeesFperformingFsimilarFjobs
FforFtheFsameForganization
externalFequityF-FCORRECTFANSWER-
whenFanForganization'sFemployeesFbelieveFthatFtheirFpayFisFfairFwhenFcomparedFtoFw
hatFotherFemployersFpayFtheirFemployeesFwhoFperformFsimilarFjobs
, comparableFworthF-FCORRECTFANSWER-
ifFtwoFjobsFhaveFequalFdifficultyFrequirements,FtheFpayFshouldFbeFtheFsame,Fregardles
sFofFwhoFfillsFthem
wageFrateFcompressionF-FCORRECTFANSWER-
startingFsalariesFforFnewFhiresFexceedFtheFsalariesFpaidFtoFexperiencedFemployees
goldenFparachuteF-FCORRECTFANSWER-
lucrativeFbenefitsFgivenFtoFexecutivesFinFtheFeventFtheFcompanyFisFtakenFover
Cost-of-livingFadjustmentsF-FCORRECTFANSWER-
payFincreasesFtoFaccountFforFaFhigherFcostFofFlivingFinFoneFcountryFversusFanother
HousingFallowanceF-FCORRECTFANSWER-
paymentsFtoFsubsidizeForFcoverFhousingFandFrelatedFcosts
hardshipFpremiumsF-FCORRECTFANSWER-
increasedFsalaryFforFlivingFinFanFareaFwithFaFlowerFqualityFofFlife,FlessFsafety,Fetc.
taxFequalizationFpaymentsF-FCORRECTFANSWER-
increasedFsalaryFtoFmakeFupFforFhigherFtaxesFthatFreduceFtake-
homeFpayFandFdecreaseFemployee'sFpurchasingFpower
inflationFadjustmentsF-FCORRECTFANSWER-
largerFand/orFmoreFfrequentFraisesFtoFmaintainFemployee'sFpurchasingFpowerFinFtheFf
aceFofFinflation
FairFLaborFStandardsFActFofF1938F-FCORRECTFANSWER-
aFfederalFlawFthatFsetsFstandardsFforFminimumFwages,FovertimeFpay,FandFequalFpayFf
orFmenFandFwomenFperformingFtheFsameFjobs
exemptFemployeesF-FCORRECTFANSWER-
employeesFwhoFmeetFoneFofFtheFFLSAFexemptionFtests,FareFpaidFonFaFfixedFsalaryFb
asisFandFareFnotFentitledFtoFovertimeFpay
non-exemptFemployeesF-FCORRECTFANSWER-
employeesFwhoFdoFnotFmeetFanyFofFoneFofFtheFFLSAFexemptionFtestsFandFareFpaidF
onFanFhourlyFbasisFandFcoveredFbyFwageFandFhourFlawsFregardingFminimumFwage,Fo
vertimeFpayFandFhoursFworked
workers'FcompensationF-FCORRECTFANSWER-
aFtypeFofFinsuranceFthatFreplacesFwagesFandFmedicalFbenefitsFforFemployeesFinjuredF
onFtheFjobFinFexchangeFforFrelinquishingFtheFemployee'sFrightFtoFsueFtheFemployerFfor
Fnegligence
