WGU C236 Compensation and Benefits Questions and Answers Already Passed

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WGU C236 Compensation and Benefits Questions and Answers Already Passed Total Rewards ✔✔refers to all forms of pay and compensation, tangible benefits, and other intangible rewards that an orga... nization provides. Cash compensation influences: Management perception Government perception Market perception Employee perception ✔✔Employee perception base pay ✔✔basic wage or salary paid employees in exchange for doing their jobs fringe benefits or perks ✔✔Any financial extras beyond the regular pay check, such as health insurance, life insurance, paid vacation and/or retirement To have an effective rewards system, you will NOT need to understand: Profitability Market conditions Customer needs Employees' previous salary ✔✔Employees previous salary Portal-to-Portal Act of 1947 ✔✔defines the term hours worked that appears in the FLSA In loco parentis ("in the place of a parent") ✔✔A principle whereby a person (coach or teacher), by undertaking the care and control of a minor child, takes on the parent's rights, duties and responsibilities. top-down budgeting ✔✔Involves estimating the pay increase budget for an entire organisation and then allocating an amount to each manager orsupervisor and then the managers and supervisors are then responsible for distributing the budget increases among the members of their groups merit increase grid ✔✔a grid that combines an employee's performance rating with the employee's position in a pay range to determine the size and frequency of his or her pay increases total rewards includes ✔✔base salary and benefits ONLY meaningful work is or isn't considered a discretionary employee benefit ✔✔ISNT discretionary employee benefit ✔✔employment benefits that are not mandated by law. They can include a range of employee benefits, such as health insurance, sick leave, maternity leave, vacation leave, pension plans, life insurance, and prescription drug insurance. to create a strategic total rewards plan, you need to understand all of the following except: market benefits customers none of the above ✔✔benefits organizational performance includes all but: new market share profits meeting customer needs employee satisfaction ✔✔employee satisfaction Business Strategy ✔✔The collection of decisions, approaches, and activities that allow an organization to compete and win cost leadership strategy ✔✔keep the costs, and hence prices, of a product or service below those of competitors and to target a wide market The average number of paid holidays per year is ✔✔8 sabbatical leave ✔✔When an employee i [Show More]

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