WGU C236

WGU- C236 Topic 7, Exam Questions and answers, 100% Accurate, Rated A+. VERIFIED. Capability-based - -When a reward system explicitly attempts to vary rewards based upon the capabilities of the employee reasons a corporation would want to incorporate individual-based pay into its Total Reward system - --Creates a culture of learning -Builds a more flexible workforce -Allows the organization to build its capacity downside to a capability-based pay - -Wages and salaries paid to employe...

WGU C236 Topic 1, Exam Questions and answers, 100% Accurate, VERIFIED. How do employers define total rewards? - All forms of pay and compensation, tangible benefits, and other intangible rewards that an organization provides - All forms of benefits such as insurance and paid time off, NOT including base salary - The ability to provide a fair, competitive salary in the job market - Base salary - -All forms of pay and compensation, tangible benefits, and other intangible rewards that an...

WGU C236 - Compensation and Benefits, Exam Questions and answers, 100% Accurate, predictor paper. 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? - ...

Capability-based - -When a reward system explicitly attempts to vary rewards based upon the capabilities of the employee reasons a corporation would want to incorporate individual-based pay into its Total Reward system - --Creates a culture of learning -Builds a more flexible workforce -Allows the organization to build its capacity downside to a capability-based pay - -Wages and salaries paid to employees will rise In which industry is skill-based pay most often used? - -Manufacturing ind...

How do employers define total rewards? - All forms of pay and compensation, tangible benefits, and other intangible rewards that an organization provides - All forms of benefits such as insurance and paid time off, NOT including base salary - The ability to provide a fair, competitive salary in the job market - Base salary - -All forms of pay and compensation, tangible benefits, and other intangible rewards that an organization provides Cash compensation is the only element of a total rew...

Which two approaches apply to internal reward alignment? Job-based approach and individual-based approach Which provision applies if a job is covered by the Fair Labor Standards Act? a. Employees' pay rates may be based on an employee's personal characteristics such as gender or age. b. Employers are exempt from paying the standard minimum wage and may set the wage they are willing to pay. c. Employees and independent contractors must be paid the same if they are performing the same or ...

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...

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? YOUR ANSWER CORRECT ANSWER Merit-based pay Seniority-based pay Experience-based pay Competency-based pay 2. Which two approaches apply to internal reward alignment? Choose 2 answ...

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...

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...