Total employment rewards Study guides, Class notes & Summaries

APHR Compensation and Benefits Compensation and Benefits - Answer ️️ -Also known as "total rewards" are management functions that are valuable to owners of a business, helpful to managers, and significantly important to employees, all collectively identified as stakeholders The Davis-Bacon Act - Answer ️️ --Applies to contractors and subcontractors working on federally funded or assisted contracts in excess of $2000 for the construction, alteration, or repair (including painting ...

Define Total Rewards All forms of pay and compensation, tangible benefits, and other intangible rewards that an organization provides. How are these three elements of total rewards connected? The three forms of rewards cash, benefits and intangibles act in concert to influence employee behavior. List an example of an employee benefit. Retirement Plan List an example of an intangible benefit. meaningful work and rewarding relationships Who will this course help? While the course has obvi...

Compensation correct answers all forms of financial returns and tangible services and benefits that employees receive as part of an employment relationship Views on compensation correct answers society, stockholder, manager, or employee Societal view on compensation correct answers some people view pay as a measure of justice (e.g., gender wage gap) economists have identified a number of contributing factors to wage determination, including human capital, demographic characteristics, and ...

SHRM CP Exam Questions with Correct Answers What is a direct cost of turnover for the loss of a key account sales rep? - Answer-Recruitment fees What can we learn from observing how organizations manage change? - Answer-The way an organization responds to change is a good predictor of success What is the basis of civil law? - Answer-Legislative acts An organization's state mandates a $2.00 per hour increase in the min wage. As the company is implementing this change, new hires will no...

Pay structure correct answers refers to the way in which an organization applies pay rates to different jobs, skills, or competencies. An effective pay structure is an important part of an organization's broader compensation and reward systems, and it is important for attracting and retaining talented individuals, as well as for motivating existing workers to achieve higher levels of performance. Further, an effective pay structure distributes pay fairly, competes with the pay practices of oth...

WGU C232 Introduction to Human Resource Management fully solved 2024 Update WGU C232 Introduction to Human Resource Management fully solved 2024 Update Affirmative Action - correct answer Affirmative action is any action taken by an employer to overcome discriminatory effects of past or current practices or policies that create barriers to equal employment opportunity. Affordable Care Act (ACA) - correct answer A federal law passed in 2010, which prohibits insurers from denying covera...

Compensation and Benefits - ️️Also known as "total rewards" are management functions that are valuable to owners of a business, helpful to managers, and significantly important to employees, all collectively identified as stakeholders The Davis-Bacon Act - ️️-Applies to contractors and subcontractors working on federally funded or assisted contracts in excess of $2000 for the construction, alteration, or repair (including painting and decorating) of public buildings or public works ...

WGU C202 (Managing Human Capital - Chapter 1) exam questions with answers Total Rewards - ANSWERS the sum of all the rewards employees receive in exchange for their time, efforts, and performance Direct financial compensation - ANSWERS compensation received in the form of salary, wages, commissions, stock options, or bonuses Human Resource Strategy - ANSWERS links the entire human resource function with the firm's business strategy Indirect Financial Compensation - ANSWERS all the ...

Human Resource Strategy Links the entire human resource function with the firm's business strategy. Business Strategy Defines how the firm will compete in its marketplace. Total Rewards The sum of all rewards employees receives in exchange for their time, efforts, and performance. The combined intrinsic and extrinsic rewards of a job. Employee Handbooks Print or online materials that document the organization's HRM policies and procedures. HRM: Human Resource...

WGU C202 (Managing Human Capital - Chapter 1) exam questions with answers Total Rewards - ANSWERS the sum of all the rewards employees receive in exchange for their time, efforts, and performance Direct financial compensation - ANSWERS compensation received in the form of salary, wages, commissions, stock options, or bonuses Human Resource Strategy - ANSWERS links the entire human resource function with the firm's business strategy Indirect Financial Compensation - ANSWERS all the ...