WGU C202: Managing Human Capital
1. Human Resource Strategy
Answer Links the entire human resource function with the firm's business strategy.
2. Business Strategy
Answer Defines how the firm will compete in its marketplace.
3. Total Rewards
Answer The sum of all rewards employees receives in exchange for their time, ettorts, and perfor-
mance.
The combined intrinsic and extrinsic rewards of a job.
4. Employee Handbooks
Answer Print or online materials that document the organization's HRM policies and procedures.
,5. HRM
Human Resource Management
Answer The organizational function responsible for attracting, hiring, developing, rewarding, and
retaining talent.
6. Outsourcing
Answer Hiring an external vendor to do work for the company rather than doing it internally.
7. Nonfinancial Compensation
Answer Rewards and incentives given to employees that are not financial in
nature including intrinsic rewards received from the job itself or from the work environment.
8. Intrinsic Reward
Answer Non-monetary rewards derived from the work itself.
9. Competitive Advantage
, Answer Doing something ditterently from the competitor thus leading to outperfor-
mance and success.
10. Talent Philosophy
Answer A system of beliefs about how an organization's employee should be treated.
11. Shared Service Center
Answer Centralized routine, transaction-based HRM activities.
12. Professional Employer Organization
Answer A company that leases employees to companies that need
them.
13. Direct Financial Compensation
Answer Compensation received in the form of salary, wages, commissions, stock options, or bonuses.
14. Virtue Standard
, Answer The ethical action is consistent with certain ideal virtues including civility, compassion, benevolence,
etc...
15. Common Good Standard
Answer The ethical action shows respect and compassion for all others, especially the most vulnerable.
Respect and compassion for all
16. Codes of Conduct
Answer Specifies expected and prohibited actions in the workplace and gives an example of appropriate
behavior.
17. Stakeholder Perspective
Answer Considering the interests and opinions of all people, groups, organizations, or systems that attect or
could be attected by the organization's actions.
1. Human Resource Strategy
Answer Links the entire human resource function with the firm's business strategy.
2. Business Strategy
Answer Defines how the firm will compete in its marketplace.
3. Total Rewards
Answer The sum of all rewards employees receives in exchange for their time, ettorts, and perfor-
mance.
The combined intrinsic and extrinsic rewards of a job.
4. Employee Handbooks
Answer Print or online materials that document the organization's HRM policies and procedures.
,5. HRM
Human Resource Management
Answer The organizational function responsible for attracting, hiring, developing, rewarding, and
retaining talent.
6. Outsourcing
Answer Hiring an external vendor to do work for the company rather than doing it internally.
7. Nonfinancial Compensation
Answer Rewards and incentives given to employees that are not financial in
nature including intrinsic rewards received from the job itself or from the work environment.
8. Intrinsic Reward
Answer Non-monetary rewards derived from the work itself.
9. Competitive Advantage
, Answer Doing something ditterently from the competitor thus leading to outperfor-
mance and success.
10. Talent Philosophy
Answer A system of beliefs about how an organization's employee should be treated.
11. Shared Service Center
Answer Centralized routine, transaction-based HRM activities.
12. Professional Employer Organization
Answer A company that leases employees to companies that need
them.
13. Direct Financial Compensation
Answer Compensation received in the form of salary, wages, commissions, stock options, or bonuses.
14. Virtue Standard
, Answer The ethical action is consistent with certain ideal virtues including civility, compassion, benevolence,
etc...
15. Common Good Standard
Answer The ethical action shows respect and compassion for all others, especially the most vulnerable.
Respect and compassion for all
16. Codes of Conduct
Answer Specifies expected and prohibited actions in the workplace and gives an example of appropriate
behavior.
17. Stakeholder Perspective
Answer Considering the interests and opinions of all people, groups, organizations, or systems that attect or
could be attected by the organization's actions.
