WGU C202 Managing Human Capital All (A+ Graded Already)

Direct financial compensation correct answers compensation received in the form of salary, wages, commissions, stock options or bonuses indirect financial compensation correct answers 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 answers rewards and incentives given to employees that aren't financial in nature base pay correct answers reflects the size and scope of an employee's responsibilities severance pay correct answers give to employees upon termination of their employment fixed pay correct answers pays employees a set amount regardless of performance variable pay correct answers bases some or all of an employee's compensation on employee, team, or organizational pay structure correct answers the array of pay rates for different work or skills within a single organization pay mix correct answers the relative emphasis give to different compensation components pay leader correct answers organization with a compensation policy of giving employees greater rewards than competitors pay follower correct answers an organization that pays its front-line employees as little as possible resource dependence theory correct answers proposition that organizational decisions are influenced by both internal and external agents who control critical resources wage differentials correct answers differences in wage between various workers, groups of workers, or workers within a career field labor market correct answers all of the potential employees located within a geographic area from which the organization might be able to hire cost of living allowances correct answers clauses in union contacts that automatically increase wages base on the U.S. Bureau of Labor Statistics' cost of living index