WGU C236 Questions and Answers Latest Updated 2022 Rated A+

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WGU C236 Questions and Answers Latest Updated 2022 Rated A+ Absolute Level ✔✔The reward can be defined. Paying an employee $50,000 salary per year, for example, is a defining absolute level. A... dministrative ✔✔Pertaining to the activities of running an organization or a business. Anchored Rating Scale ✔✔Uses examples or definitions of typical behaviors to define each point along the scale. Autonomy ✔✔Giving employees discretion in choosing what to do and how to do it. Bad Data Challenge ✔✔Exists because the data a company obtains about market rates may not be an accurate representation of the market. It is often difficult to fully understand the quality of the data obtained from various sources, or how best to integrate this information, which adds error to any reward system based on that data. Base Pay ✔✔Salary or hourly wages Benchmark Competitors ✔✔A selection of primary organizations that exemplify the labor and product/service markets in which the organization competes. Benchmark Jobs ✔✔Jobs that are representative of the type, content, and level of jobs in the organization. Benefit Benchmark Survey ✔✔A tool that helps organizations better understand how employee benefits may impact their ability to attract and retain qualified employees. Benefit Level Strategy ✔✔Refers to the level of each benefit type provided as well as the overall company expenditure. Benefit Mix Strategy ✔✔Refers to the particular combination of benefit types that an organization offers. Broad Input ✔✔Help, advice and thoughts from employees of all levels of the organization. Broadbanding ✔✔Entails the use of a few broad bands (or grades) to organize work for pay purposes. Business Strategy ✔✔The collection of decisions, approaches, and activities that allow an organization to compete and win Business Strategy Support ✔✔Supporting a business' approach to adapting to changes in its environment in order to compete and win. Capability-based Pay ✔✔When a reward system explicitly attempts to vary rewards based upon capabilities of the employees. Types include Skill-based pay, Competency-based pay, and Seniority-based pay. Cash Compensation ✔✔Monetary pay that employees receive in exchange for their work Central Tendency ✔✔Describes what's typical for a set of data, usually measured by the arithmetic mean, median, or mode. Centralized Approach ✔✔The Human Resources department makes all decisions relating to pay strategy, as well as specific reward decisions [Show More]

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