WGU C236 Compensation and Benefits Questions and Correct Answers Latest Update, Graded A+
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Course
WGU C236
Institution
WGU C236
The collection of decision, approaches, and activities that allow an organization to
complete and win.
o :## Business Strategy
Focusing business priories on providing a lower-cost product or service.
o :## Cost Leadership Strategy
Providing innovative, exceptional, and high quality products a...
WGU C236 Compensation and
Benefits Questions and Correct
Answers Latest Update, Graded A+
The collection of decision, approaches, and activities that allow an organization to
complete and win.
o :## Business Strategy
Focusing business priories on providing a lower-cost product or service.
o :## Cost Leadership Strategy
Providing innovative, exceptional, and high quality products and/or services to customers.
o :## Differentiation Strategy
Targeting business priorities toward addressing a specific section of the market
o :## Niche-Focused Strategy
Employing a combination of cost-leadership, differentiation and niche-focused business
strategies.
o :## Hybrid Strategy
Capabilities, activities, customer perceptions and market positions that allow an
organization to out-compete its rivals.
o :## Critical Success Factors
The combination of pay forms, plans, policies and practices that enable long-term
organizational performance.
o :## Total rewards strategy
Specifies the type, level and combination of rewards offered to employees.
o :## Total Reward Content Strategy
The reward forms offered (cash, benefits, etc.) and the way in which they relate to each
other.
Master01: DO NOT COPY AND PASTE!! August 22, 2024 Latest Update
, 2|Page : 2024 | Grade A+
o :## Reward Form Combinations Strategy
How much is being offered?
o :## Reward Level Strategy
The reward can be defined.
o :## Absolute level
States the rewards strategy as greater than, equal to, or less than some labor market
reference point.
o :## Relative Level
Human Resources makes all the decisions
o :## Centralized approach
Decisions are made by the employee's immediate supervisor or manager.
o :## Decentralized approach
The process of systematically analyzing positions that result in completed work in
organizations.
o :## Job Analysis
The job analyst asks the job incumbent preset questions about the content, skills needed
and time spent on activities in the job.
o :## Traditional interview method
Multiple job incumbents (and sometime multiple job analysts) all meet together to analyze
the job.
o :## Panel Interview
A series of questions that job incumbents complete on their own.
o :## Custom Questionnaires
Purchased from a third party and use general questions to which incumbents respond using
scaled ratings.
o :## Generic Questionnaire
Online database created by the US DOL that provides an exhaustive listing of jobs and
occupations
Master01: DO NOT COPY AND PASTE!! August 22, 2024 Latest Update
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