4/27/25, 10:22 AM WGU C202 Managing Human Capital All Flashcards | Quizlet
WGU C202 Managing Human Capital All Save
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Terms in this set (536)
compensation received in the form of salary, wages, commissions, stock options or
Direct financial compensation
bonuses
all the tangible and financially valued rewards that are not included in direct
indirect financial compensation
compensation including free meals, vacation time and health insurance
nonfinancial compensation rewards and incentives given to employees that aren't financial in nature
base pay reflects the size and scope of an employee's responsibilities
severance pay give to employees upon termination of their employment
fixed pay pays employees a set amount regardless of performance
bases some or all of an employee's compensation on employee, team, or
variable pay
organizational
pay structure the array of pay rates for different work or skills within a single organization
pay mix the relative emphasis give to different compensation components
organization with a compensation policy of giving employees greater rewards than
pay leader
competitors
pay follower an organization that pays its front-line employees as little as possible
proposition that organizational decisions are influenced by both internal and
resource dependence theory
external agents who control critical resources
differences in wage between various workers, groups of workers, or workers within a
wage differentials
career field
all of the potential employees located within a geographic area from which the
labor market
organization might be able to hire
clauses in union contacts that automatically increase wages base on the U.S. Bureau
cost of living allowances
of Labor Statistics' cost of living index
uses external sources of information about how others are compensating a certain
market pricing
position to assign value to a company's similar job
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, 4/27/25, 10:22 AM WGU C202 Managing Human Capital All Flashcards | Quizlet
surveys of other organizations conducted to learn what they are paying for specific
Compensation surveys
jobs or job classes
jobs that tend to exist across departments and across diverse organizations allowing
benchmark jobs
them to be used as a basis for compensation comparisons
a systematic process that uses expert judgement to assess differences in value
job evaluation
between jobs
subjectively compares jobs to each other based on their overall worth to the
ranking methos
organization
job classification method subjectively classifies jobs into an exiting hierarchy of grades and categories
uses a set of compensable factors to determine a job's value. skill, resp, effort,
point factor method
working cond.
compensable factor any characteristic used to provide a basis for judging a job's value
skills, responsibilities, effort, working Four categories of compensable factors
conditions
a point-factor system is used to produce both a profile and a point score for each
position.
know how
Hay Group Guide Chart - Profile Method
problem solving
accountability
working conditions
Know-how, problem solving, accountability, Hay Group Method based on four main factors
working conditions
a structured job evaluation questionnaire that is statistically analyzed to calculate
pay rates based on how the labor market is valuing worker characteristics. a
Position Analysis Questionnaire
copyrighted, standardized, structured job analysis questionnaire. 6 sections covering
187 job elements.
the generation of salary structures and pay levels for each job based on the job
job pricing
evaluation data
single rate system, pay grades and Three most common job pricing systems
broadbanding
pay grade (pay scale) the range of possible pay for a group of jobs
broadbanding using very wide pay grades to increase pay flexibility
when employees perceive their pay to be fair relative to the pay of other jobs in the
internal equity
organization
the perceived fairness of the relative pay between employees performing similar
employee equity
jobs for the same organization
when an organization's employees believe that their pay is fair when compared to
external equity
what other employers pay their employees who perform similar jobs
if two jobs have equal difficulty requirements, the pay should be the same,
comparable worth
regardless of who fills them
wage rate compression starting salaries for new hires exceed the salaries paid to experienced employees
golden parachute lucrative benefits given to executives in the event the company is taken over
Cost-of-living adjustments pay increases to account for a higher cost of living in one country versus another
Housing allowance payments to subsidize or cover housing and related costs
hardship premiums increased salary for living in an area with a lower quality of life, less safety, etc.
https://quizlet.com/86490044/wgu-c202-managing-human-capital-all-flash-cards/ 2/5
WGU C202 Managing Human Capital All Save
26 studiers today 4.8 (56 reviews)
Students also studied
Flashcard sets Study guides Practice tests
WGU C214 Concepts Only Multi Cho... WGU C202: Know to Pass Icev Buisness Test 2 Chapte
222 terms 144 terms 55 terms 15 terms
ctcaw259 Preview Lola_Hana Preview Polocapalot2005 Preview gre
Terms in this set (536)
compensation received in the form of salary, wages, commissions, stock options or
Direct financial compensation
bonuses
all the tangible and financially valued rewards that are not included in direct
indirect financial compensation
compensation including free meals, vacation time and health insurance
nonfinancial compensation rewards and incentives given to employees that aren't financial in nature
base pay reflects the size and scope of an employee's responsibilities
severance pay give to employees upon termination of their employment
fixed pay pays employees a set amount regardless of performance
bases some or all of an employee's compensation on employee, team, or
variable pay
organizational
pay structure the array of pay rates for different work or skills within a single organization
pay mix the relative emphasis give to different compensation components
organization with a compensation policy of giving employees greater rewards than
pay leader
competitors
pay follower an organization that pays its front-line employees as little as possible
proposition that organizational decisions are influenced by both internal and
resource dependence theory
external agents who control critical resources
differences in wage between various workers, groups of workers, or workers within a
wage differentials
career field
all of the potential employees located within a geographic area from which the
labor market
organization might be able to hire
clauses in union contacts that automatically increase wages base on the U.S. Bureau
cost of living allowances
of Labor Statistics' cost of living index
uses external sources of information about how others are compensating a certain
market pricing
position to assign value to a company's similar job
https://quizlet.com/86490044/wgu-c202-managing-human-capital-all-flash-cards/ 1/5
, 4/27/25, 10:22 AM WGU C202 Managing Human Capital All Flashcards | Quizlet
surveys of other organizations conducted to learn what they are paying for specific
Compensation surveys
jobs or job classes
jobs that tend to exist across departments and across diverse organizations allowing
benchmark jobs
them to be used as a basis for compensation comparisons
a systematic process that uses expert judgement to assess differences in value
job evaluation
between jobs
subjectively compares jobs to each other based on their overall worth to the
ranking methos
organization
job classification method subjectively classifies jobs into an exiting hierarchy of grades and categories
uses a set of compensable factors to determine a job's value. skill, resp, effort,
point factor method
working cond.
compensable factor any characteristic used to provide a basis for judging a job's value
skills, responsibilities, effort, working Four categories of compensable factors
conditions
a point-factor system is used to produce both a profile and a point score for each
position.
know how
Hay Group Guide Chart - Profile Method
problem solving
accountability
working conditions
Know-how, problem solving, accountability, Hay Group Method based on four main factors
working conditions
a structured job evaluation questionnaire that is statistically analyzed to calculate
pay rates based on how the labor market is valuing worker characteristics. a
Position Analysis Questionnaire
copyrighted, standardized, structured job analysis questionnaire. 6 sections covering
187 job elements.
the generation of salary structures and pay levels for each job based on the job
job pricing
evaluation data
single rate system, pay grades and Three most common job pricing systems
broadbanding
pay grade (pay scale) the range of possible pay for a group of jobs
broadbanding using very wide pay grades to increase pay flexibility
when employees perceive their pay to be fair relative to the pay of other jobs in the
internal equity
organization
the perceived fairness of the relative pay between employees performing similar
employee equity
jobs for the same organization
when an organization's employees believe that their pay is fair when compared to
external equity
what other employers pay their employees who perform similar jobs
if two jobs have equal difficulty requirements, the pay should be the same,
comparable worth
regardless of who fills them
wage rate compression starting salaries for new hires exceed the salaries paid to experienced employees
golden parachute lucrative benefits given to executives in the event the company is taken over
Cost-of-living adjustments pay increases to account for a higher cost of living in one country versus another
Housing allowance payments to subsidize or cover housing and related costs
hardship premiums increased salary for living in an area with a lower quality of life, less safety, etc.
https://quizlet.com/86490044/wgu-c202-managing-human-capital-all-flash-cards/ 2/5
