WGU C236 Compensation and Benefits questions
with verified answers
A company implemented actions to improve its return on investment on human
capital. The company wants to be the premier employer in the state. The first
step was giving more rewards for jobs compared to its competitors. Which type of
reward system is this company using? Ans✓✓✓ Relative
A company that produces poker chips intends to benchmark its rewards system.
Which method should be used to select the benchmark in this scenario?
Ans✓✓✓ Benchmark competitors
A company uses a series of pay grades to set salaries which characterize the firm's
pay grade system. The chart shows that the company sets its salary bands so a
highly skilled employee in a lower pay grade may earn more than a less skilled
employee in a higher pay grade. Which principle of setting competitive pay
policies is the company following? Ans✓✓✓ The principle of overlap
A firm bases its pay systems on rewarding the best employee with a large bonus,
while giving only standard pay to all the other employees. Additionally, the
employee's picture is posted on the wall with a notice about the accomplishment.
Which employee motivational theory is this organization practicing? Ans✓✓✓
Tournament theory
A firm has strong alignment between their core principles and the principles of
the employees. As part of their communication system, the firm decides to put
out a monthly newsletter highlighting top employees and the good that their
work is doing in the community and at the firm. Which benefit would the
employees derive from this decision? Ans✓✓✓ Intangible validation of their
efforts under the purpose principle
, A firm is looking for ways to reward its employees and motivate them to work
harder. The firm decides to allow top-performing employees to spend a certain
portion of their day working on independent projects that they feel can benefit
the firm in the future. Which type of reward is this firm offering? Ans✓✓✓
Psychological reward
A firm is trying to determine what wage it needs to offer in order to attract
qualified applicants when hiring several new employees. The firm has collected
the following data on the supply of labor and estimates the number of
applications it would receive as well as the number of employees it would like to
hire at each wage. The firm wants to pay as little as possible and still get a
minimum of two applicants for each person it actually hires. Which wage should
the firm offer based on this data? Ans✓✓✓ $30,000
A firm publishes a monthly newsletter highlighting top employees and their
contribution to the community and firm. Which benefit would the firm derive
from this decision? Ans✓✓✓ Better alignment with the employee purpose
principle
A human resources professional at a large law firm needs to fill an accountant
position. The job description provides information about the compensation range,
firm location, number of employees in the company, minimal qualifications, and
company values. Which part of the job description did the human resources
professional fail to include? Ans✓✓✓ The job content
A manager is confronted by an employee who says she is thinking about a job
offer from another company. Subsequently, the manager wants to collect
verifiable data on what competing organizations are paying so the organization
can match up with the market. From where can the manager collect this data?
Ans✓✓✓ Bureau of Labor Statistics
with verified answers
A company implemented actions to improve its return on investment on human
capital. The company wants to be the premier employer in the state. The first
step was giving more rewards for jobs compared to its competitors. Which type of
reward system is this company using? Ans✓✓✓ Relative
A company that produces poker chips intends to benchmark its rewards system.
Which method should be used to select the benchmark in this scenario?
Ans✓✓✓ Benchmark competitors
A company uses a series of pay grades to set salaries which characterize the firm's
pay grade system. The chart shows that the company sets its salary bands so a
highly skilled employee in a lower pay grade may earn more than a less skilled
employee in a higher pay grade. Which principle of setting competitive pay
policies is the company following? Ans✓✓✓ The principle of overlap
A firm bases its pay systems on rewarding the best employee with a large bonus,
while giving only standard pay to all the other employees. Additionally, the
employee's picture is posted on the wall with a notice about the accomplishment.
Which employee motivational theory is this organization practicing? Ans✓✓✓
Tournament theory
A firm has strong alignment between their core principles and the principles of
the employees. As part of their communication system, the firm decides to put
out a monthly newsletter highlighting top employees and the good that their
work is doing in the community and at the firm. Which benefit would the
employees derive from this decision? Ans✓✓✓ Intangible validation of their
efforts under the purpose principle
, A firm is looking for ways to reward its employees and motivate them to work
harder. The firm decides to allow top-performing employees to spend a certain
portion of their day working on independent projects that they feel can benefit
the firm in the future. Which type of reward is this firm offering? Ans✓✓✓
Psychological reward
A firm is trying to determine what wage it needs to offer in order to attract
qualified applicants when hiring several new employees. The firm has collected
the following data on the supply of labor and estimates the number of
applications it would receive as well as the number of employees it would like to
hire at each wage. The firm wants to pay as little as possible and still get a
minimum of two applicants for each person it actually hires. Which wage should
the firm offer based on this data? Ans✓✓✓ $30,000
A firm publishes a monthly newsletter highlighting top employees and their
contribution to the community and firm. Which benefit would the firm derive
from this decision? Ans✓✓✓ Better alignment with the employee purpose
principle
A human resources professional at a large law firm needs to fill an accountant
position. The job description provides information about the compensation range,
firm location, number of employees in the company, minimal qualifications, and
company values. Which part of the job description did the human resources
professional fail to include? Ans✓✓✓ The job content
A manager is confronted by an employee who says she is thinking about a job
offer from another company. Subsequently, the manager wants to collect
verifiable data on what competing organizations are paying so the organization
can match up with the market. From where can the manager collect this data?
Ans✓✓✓ Bureau of Labor Statistics
