WGU C202 MANAGING HUMAN CAPITAL EXAM
LATEST 2025 WITH ACTUAL QUESTIONS AND
CORRECT VERIFIED ANSWERS ALREADY GRADED
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Direct financial compensation - CORRECT ANSWER-compensation received in
the form of salary, wages, commissions, stock options or bonuses
indirect financial compensation - CORRECT 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 - CORRECT ANSWER-rewards and incentives
given to employees that aren't financial in nature
base pay - CORRECT ANSWER-reflects the size and scope of an employee's
responsibilities
severance pay - CORRECT ANSWER-give to employees upon termination of
their employment
fixed pay - CORRECT ANSWER-pays employees a set amount regardless of
performance
,variable pay - CORRECT ANSWER-bases some or all of an employee's
compensation on employee, team, or organizational
pay structure - CORRECT ANSWER-the array of pay rates for different work or
skills within a single organization
pay mix - CORRECT ANSWER-the relative emphasis give to different
compensation components
pay leader - CORRECT ANSWER-organization with a compensation policy of
giving employees greater rewards than competitors
pay follower - CORRECT ANSWER-an organization that pays its front-line
employees as little as possible
resource dependence theory - CORRECT ANSWER-proposition that
organizational decisions are influenced by both internal and external agents
who control critical resources
wage differentials - CORRECT ANSWER-differences in wage between various
workers, groups of workers, or workers within a career field
labor market - CORRECT ANSWER-all of the potential employees located
within a geographic area from which the organization might be able to hire
cost of living allowances - CORRECT ANSWER-clauses in union contacts that
automatically increase wages base on the U.S. Bureau of Labor Statistics' cost
of living index
,market pricing - CORRECT ANSWER-uses external sources of information
about how others are compensating a certain position to assign value to a
company's similar job
Compensation surveys - CORRECT ANSWER-surveys of other organizations
conducted to learn what they are paying for specific jobs or job classes
benchmark jobs - CORRECT ANSWER-jobs that tend to exist across
departments and across diverse organizations allowing them to be used as a
basis for compensation comparisons
job evaluation - CORRECT ANSWER-a systematic process that uses expert
judgement to assess differences in value between jobs
ranking methos - CORRECT ANSWER-subjectively compares jobs to each
other based on their overall worth to the organization
job classification method - CORRECT ANSWER-subjectively classifies jobs into
an exiting hierarchy of grades and categories
point factor method - CORRECT ANSWER-uses a set of compensable factors
to determine a job's value. skill, resp, effort, working cond.
compensable factor - CORRECT ANSWER-any characteristic used to provide a
basis for judging a job's value
skills, responsibilities, effort, working conditions - CORRECT ANSWER-Four
categories of compensable factors
, Hay Group Guide Chart - Profile Method - CORRECT ANSWER-a point-factor
system is used to produce both a profile and a point score for each position.
know how
problem solving
accountability
working conditions
Know-how, problem solving, accountability, working conditions - CORRECT
ANSWER-Hay Group Method based on four main factors
Position Analysis Questionnaire - CORRECT ANSWER-a structured job
evaluation questionnaire that is statistically analyzed to calculate pay rates
based on how the labor market is valuing worker characteristics. a copyrighted,
standardized, structured job analysis questionnaire. 6 sections covering 187 job
elements.
job pricing - CORRECT ANSWER-the generation of salary structures and pay
levels for each job based on the job evaluation data
single rate system, pay grades and broadbanding - CORRECT ANSWER-Three
most common job pricing systems
pay grade (pay scale) - CORRECT ANSWER-the range of possible pay for a
group of jobs
broadbanding - CORRECT ANSWER-using very wide pay grades to increase
pay flexibility
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