WGU C236 2024 Exam Questions with Complete Solutions

WGU C236 2024 Exam Questions with Complete Solutions What is a Reward System? - Answer-Reward Systems are also mechanisms for exchanging value between two parties. Employees create value for the organization through their work, and organizations provide value for employees through the reward systems. Define Job Analysis - Answer-the process of systematically analyzing positions that result in completed work in organizations. What are the implications of Job Analysis on the compensation system? - Answer-1) Job Analysis, provides a process for understanding how work is organized and serves as the basis for most reward systems. 2) Job Analysis will detail the knowledge, skill, and ability requirement for a job, which will have a direct connection to the reward strategy for that particular job. 3) the job analysis defined the nature of the work which serves as an important determinant of Fair Labor Standards Act status (exempt vs. non-exempt). 4) Job Analysis provides an understanding of the nature of the work performance which is vital for determining the likely effectiveness of performance-based pay systems. What does an employee contribute to the organization to create value? - Answer-Work What are 3 job analysis methods available to a company to analyze a job? - Answer-1) Traditional Interviews 2) Questionnaires 3) Panel Interview What is involved in the traditional interview? - Answer-The job analyst asks the job incumbent preset questions about the content, skills needed, and time spent on activities in the job. How is the panel interview used to analyze a job? - Answer-Multiple job incumbents (and sometimes multiple job analysts) all meet together to analyze the job. In panel interviews, the job incumbents themselves explore the agreement and contradictions in their responses. What analysis method does an organization use to overcome some of the limitations of interview methods? - Answer-Questionares When creating a job analysis who should you speak with for input? - Answer-In small organizations, the information may be gathered from every incumbent of a given job. As the number of job incumbents per job increases, organizations typically try to make the process more efficient by choosing a subset of the job incumbents to be involved in the process. Why is it necessary to gain buy in for a job analysis to create a value-added analysis? - Answer-It is important to involve people from all levels in the organization, not only to increase the quality of the information, but also to obtain buy-in from those who will be using it for reward decisions.