WGU C202 MANAGING HUMAN CAPITAL FINAL OA ACTUAL EXAM
WITH UPDATED QUESTIONS AND ANSWERS
Compensation surveys - ✔️ CORRECT ANSWER✅-surveys of other
organizations conducted to learn what they are paying for specific jobs
or job classes
benchmark jobs - ✔️CORRECT ANSWER✅-jobs that tend to exist across
departments and across diverse organizations allowing them to be used
as a basis for compensation comparisons
job evaluation - ✔️
CORRECT ANSWER✅-a systematic process that uses
expert judgement to assess differences in value between jobs
ranking methos - ✔️CORRECT ANSWER✅-subjectively compares jobs to
each other based on their overall worth to the organization
job classification method - ✔️
CORRECT ANSWER✅-subjectively classifies
jobs into an exiting hierarchy of grades and categories
point factor method - ✔️
CORRECT ANSWER✅-uses a set of
compensable factors to determine a job's value. skill, resp, effort,
working cond.
,compensable factor - ✔️ CORRECT ANSWER✅-any characteristic used to
provide a basis for judging a job's value
skills, responsibilities, effort, working conditions - ✔️
CORRECT ANSWER✅-
Four categories of compensable factors
Hay Group Guide Chart - Profile Method - ✔️CORRECT ANSWER✅-a point-
factor system is used to produce both a profile and a point score for
each position.
know how
problem
solving
accountability
working conditions
Know-how, problem solving, accountability, working conditions -
✔️CORRECT ANSWER✅-Hay Group Method based on four main
factors
Position Analysis Questionnaire - ✔️ CORRECT ANSWER✅-a structured
job evaluation questionnaire that is statistically analyzed to calculate
pay rates based on how the labor market is valuing worker
characteristics. a copyrighted,
,standardized, structured job analysis questionnaire. 6 sections covering
187 job elements.
Direct financial compensation - ✔️ CORRECT ANSWER✅-compensation
received in the form of salary, wages, commissions, stock options or
bonuses
indirect financial compensation - ✔️CORRECT ANSWER✅-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 ANSWER✅-rewards and
incentives given to employees that aren't financial in nature
base pay - ✔️
CORRECT ANSWER✅-reflects the size and scope of an
employee's responsibilities
severance pay - ✔️ CORRECT ANSWER✅-give to employees upon
termination of their employment
fixed pay - ✔️ CORRECT ANSWER✅-pays employees a set amount
regardless of performance
, variable pay - ✔️
CORRECT ANSWER✅-bases some or all of an
employee's compensation on employee, team, or organizational
pay structure - ✔️ CORRECT ANSWER✅-the array of pay rates for
different work or skills within a single organization
pay mix - ✔️
CORRECT ANSWER✅-the relative emphasis give to different
compensation components
pay leader - ✔️ CORRECT ANSWER✅-organization with a compensation
policy of giving employees greater rewards than competitors
pay follower - ✔️
CORRECT ANSWER✅-an organization that pays its
front-line employees as little as possible
resource dependence theory - ✔️ CORRECT ANSWER✅-proposition that
organizational decisions are influenced by both internal and external
agents who control critical resources
wage differentials - ✔️
CORRECT ANSWER✅-differences in wage between
various workers, groups of workers, or workers within a career field
WITH UPDATED QUESTIONS AND ANSWERS
Compensation surveys - ✔️ CORRECT ANSWER✅-surveys of other
organizations conducted to learn what they are paying for specific jobs
or job classes
benchmark jobs - ✔️CORRECT ANSWER✅-jobs that tend to exist across
departments and across diverse organizations allowing them to be used
as a basis for compensation comparisons
job evaluation - ✔️
CORRECT ANSWER✅-a systematic process that uses
expert judgement to assess differences in value between jobs
ranking methos - ✔️CORRECT ANSWER✅-subjectively compares jobs to
each other based on their overall worth to the organization
job classification method - ✔️
CORRECT ANSWER✅-subjectively classifies
jobs into an exiting hierarchy of grades and categories
point factor method - ✔️
CORRECT ANSWER✅-uses a set of
compensable factors to determine a job's value. skill, resp, effort,
working cond.
,compensable factor - ✔️ CORRECT ANSWER✅-any characteristic used to
provide a basis for judging a job's value
skills, responsibilities, effort, working conditions - ✔️
CORRECT ANSWER✅-
Four categories of compensable factors
Hay Group Guide Chart - Profile Method - ✔️CORRECT ANSWER✅-a point-
factor system is used to produce both a profile and a point score for
each position.
know how
problem
solving
accountability
working conditions
Know-how, problem solving, accountability, working conditions -
✔️CORRECT ANSWER✅-Hay Group Method based on four main
factors
Position Analysis Questionnaire - ✔️ CORRECT ANSWER✅-a structured
job evaluation questionnaire that is statistically analyzed to calculate
pay rates based on how the labor market is valuing worker
characteristics. a copyrighted,
,standardized, structured job analysis questionnaire. 6 sections covering
187 job elements.
Direct financial compensation - ✔️ CORRECT ANSWER✅-compensation
received in the form of salary, wages, commissions, stock options or
bonuses
indirect financial compensation - ✔️CORRECT ANSWER✅-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 ANSWER✅-rewards and
incentives given to employees that aren't financial in nature
base pay - ✔️
CORRECT ANSWER✅-reflects the size and scope of an
employee's responsibilities
severance pay - ✔️ CORRECT ANSWER✅-give to employees upon
termination of their employment
fixed pay - ✔️ CORRECT ANSWER✅-pays employees a set amount
regardless of performance
, variable pay - ✔️
CORRECT ANSWER✅-bases some or all of an
employee's compensation on employee, team, or organizational
pay structure - ✔️ CORRECT ANSWER✅-the array of pay rates for
different work or skills within a single organization
pay mix - ✔️
CORRECT ANSWER✅-the relative emphasis give to different
compensation components
pay leader - ✔️ CORRECT ANSWER✅-organization with a compensation
policy of giving employees greater rewards than competitors
pay follower - ✔️
CORRECT ANSWER✅-an organization that pays its
front-line employees as little as possible
resource dependence theory - ✔️ CORRECT ANSWER✅-proposition that
organizational decisions are influenced by both internal and external
agents who control critical resources
wage differentials - ✔️
CORRECT ANSWER✅-differences in wage between
various workers, groups of workers, or workers within a career field
