WGU C202 Managing Human Capital All Questions And Answers|| Verified Answers

Direct financial compensation - ANSWER-compensation received in the form of salary, wages, commissions, stock options or bonuses indirect financial compensation - ANSWER-all the tangible and financially valued rewards that are not included in direct compensation including free meals, vacation time and health insurance nonfinancial compensation - ANSWER-rewards and incentives given to employees that aren't financial in nature base pay - ANSWER-reflects the size and scope of an employee's responsibilities severance pay - ANSWER-give to employees upon termination of their employment fixed pay - ANSWER-pays employees a set amount regardless of performance variable pay - ANSWER-bases some or all of an employee's compensation on employee, team, or organizational pay structure - ANSWER-the array of pay rates for different work or skills within a single organization pay mix - ANSWER-the relative emphasis give to different compensation components pay leader - ANSWER-organization with a compensation policy of giving employees greater rewards than competitors pay follower - ANSWER-an organization that pays its front-line employees as little as possible resource dependence theory - ANSWER-proposition that organizational decisions are influenced by both internal and external agents who control critical resources wage differentials - ANSWER-differences in wage between various workers, groups of workers, or workers within a career field labor market - ANSWER-all of the potential employees located within a geographic area from which the organization might be able to hire cost of living allowances - ANSWER-clauses in union contacts that automatically increase wages base on the U.S. Bureau of Labor Statistics' cost of living index market pricing - ANSWER-uses external sources of information about how others are