WGU C202 Managing Human Capital All| 536 Questions with 100 % Correct Answers | Updated

Direct financial compensation - compensation received in the form of salary, wages, commissions, stock options or bonuses indirect financial compensation - all the tangible and financially valued rewards that are not included in direct compensation including free meals, vacation time and health insurance nonfinancial compensation - rewards and incentives given to employees that aren't financial in nature base pay - reflects the size and scope of an employee's responsibilities severance pay - give to employees upon termination of their employment fixed pay - pays employees a set amount regardless of performance variable pay - bases some or all of an employee's compensation on employee, team, or organizational pay structure - the array of pay rates for different work or skills within a single organization pay mix - the relative emphasis give to different compensation components pay leader - organization with a compensation policy of giving employees greater rewards than competitors pay follower - an organization that pays its front-line employees as little as possible