WGU C236 COMPENSATION AND BENEFITS

WGU C236 COMPENSATION AND
BENEFITS



Business66Strategy66-66answer--
The66collection66of66decision,66approaches,66and66activities66that66allow66an66organizati
on66to66complete66and66win.

Cost66Leadership66Strategy66-66answer--
Focusing66business66priories66on66providing66a66lower-cost66product66or66service.

Differentiation66Strategy66-66answer--
Providing66innovative,66exceptional,66and66high66quality66products66and/
or66services66to66customers.

Niche-Focused66Strategy66-66answer--
Targeting66business66priorities66toward66addressing66a66specific66section66of66the66mark
et

Hybrid66Strategy66-66answer--Employing66a66combination66of66cost-
leadership,66differentiation66and66niche-focused66business66strategies.

Critical66Success66Factors66-66answer--
Capabilities,66activities,66customer66perceptions66and66market66positions66that66allow66a
n66organization66to66out-compete66its66rivals.

Total66rewards66strategy66-66answer--
The66combination66of66pay66forms,66plans,66policies66and66practices66that66enable66long
-term66organizational66performance.

Total66Reward66Content66Strategy66-66answer--
Specifies66the66type,66level66and66combination66of66rewards66offered66to66employees.

Reward66Form66Combinations66Strategy66-66answer--
The66reward66forms66offered66(cash,66benefits,66etc.)66and66the66way66in66which66they66r
elate66to66each66other.

Reward66Level66Strategy66-66answer--How66much66is66being66offered?

, Absolute66level66-66answer--The66reward66can66be66defined.

Relative66Level66-66answer--
States66the66rewards66strategy66as66greater66than,66equal66to,66or66less66than66some66la
bor66market66reference66point.

Centralized66approach66-66answer--Human66Resources66makes66all66the66decisions

Decentralized66approach66-66answer--
Decisions66are66made66by66the66employee's66immediate66supervisor66or66manager.

Job66Analysis66-66answer--
The66process66of66systematically66analyzing66positions66that66result66in66completed66wor
k66in66organizations.

Traditional66interview66method66-66answer--
The66job66analyst66asks66the66job66incumbent66preset66questions66about66the66content,6
6skills66needed66and66time66spent66on66activities66in66the66job.


Panel66Interview66-66answer--
Multiple66job66incumbents66(and66sometime66multiple66job66analysts)66all66meet66togethe
r66to66analyze66the66job.

Custom66Questionnaires66-66answer--
A66series66of66questions66that66job66incumbents66complete66on66their66own.

Generic66Questionnaire66-66answer--
Purchased66from66a66third66party66and66use66general66questions66to66which66incumbent
s66respond66using66scaled66ratings.

Occupational66Information66Network66(O*NET)66-66answer--
Online66database66created66by66the66US66DOL66that66provides66an66exhaustive66listing6
6of66jobs66and66occupations


PayScale66-66answer--
Web66site66that66hosts66a66continuous66compensation66and66benefits66survey66that66is66
based66on66data66gathered66from66individuals66who66visit66its66site.

Occupational66Outlook66Handbook66-66answer--
Searchable66database66provides66more66occupation-
level66information66about66jobs66and66work66in66organizations.

Job66Design66-66answer--
Process66of66systematically66constructing66jobs66to66make66them66functional,66efficient66
and66motivational.