WGU C236

An employee has worked for the same company in two locations over the course of 20 years in Europe and North America. The employee has been trained as an international trade specialist and has been promoted to manager of international operations. Which pay basis should be used to compensate this employee? - Competency-based pay Which two approaches apply to internal reward alignment? - Job-based approach Individual-based approach A company implemented actions to improve its return on inves...

Which two approaches apply to internal reward alignment? - Job-based approach Individual-based approach Which provision applies if a job is covered by the Fair Labor Standards Act? - Employees who work more than 40 hours in a week must be paid time and a half for each hour they work over the 40 hours. What is the relationship among laws regarding pay? - The benefit to employees dictates which law is followed. What is merit pay? - Annual increase based on past performance The CEO of a web...

What is a Reward System? - 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 - the process of systematically analyzing positions that result in completed work in organizations. What are the implications of Job Analysis on the compensation system? - 1) Job Analysis, provides a process for understanding how wo...

Job and pay form-specific reward strategies allows for: Maximum customization as the organization positions its pay similar to the market differently for different jobs and pay forms Maximum customization as the organization positions its pay relative to the market differently for different jobs and pay forms Maximum customization as the organization positions its pay relative to the market similar for different jobs and pay forms Minimum customization as the organization positions its pa...

What is the most prominent objective of a Total Rewards System? - Direct organizational activities toward higher performance What does OCB stand for? - Organizational citizenship behavior(s) (OCB) What is made up of: effectiveness at meeting customer needs, new product creation, and gains in market share, profits, and other measures of financial return on the firm's assets. - Organizational Performance What 3 Perceptions should be considered when developing a Total Rewards System? - Dis...