WGU c236 Comp and Benefit Study Guide Questions and Answers

WGU c236 Comp and Benefit Study Guide Questions and Answers Total Rewards - Answer-all forms of pay including cash benefits, tangiable/intangiable etc... what forms of pay are invoved in Total Reward for the Organization? - Answer-cash, benefits, intangiables. cash compensation - Answer-____________ influences the employee in an organization HR Generalist impacts compensation by. - Answer-making the reward strategy and a business strategy line up. Compensation Manager's responsibility in the compensation plan? - Answer-improve compensation systems and beter enable the organization to meet goals. What are the forms of pay and compensation? Define Each? - Answer-cash compensation - 1. monetery pay exchanged for work base pay (hourly or salary) 2.. variable pay- bonus or commission Intangiable rewards - Answer-meaningful work, positive relationships, work location The outcomes of a ___________________ represent the goals or the criteria by which a rewards system can be judged? - Answer-total rewards system _______________ comprises the joint or collective actions of groups of employees ? - Answer-Team Performance An objective of a total rewards system is to ___________________ - Answer-sustain quality performance in each area over time Define the concept of Organiztaional Citizenship Behaviors (OCB) - Answer-value creating activities in which employees engage but its not part of their job. Explain Organizational Performance. - Answer-effectiveness at meeting needs, new product, gains in parket, shares, financial gain. How are Cost and Efficiency related to the outcomes of the rewards System - Answer-the cost of the rewards system is a large expense that is a huge investment for human capital. Which of the following does organiztainal performance not include? - Answer-Developing employees Which of the following laws relates to total rewards? - Answer-Civil Rights Laws Which of the following is not considered a guide to fairness in total rewards? - Answer-Extreme Business Strategy - Answer-the collection of decisions, approaches, and activities that allow an organization to compete and win. What does a Cost Leadership Strategy emphasize? - Answer-focuses business priorities on having a lower cost product or service as a high priority. differentiation strategy? - Answer-high priority is placed on providing innovative, exceptional, and high-quality products to customers.