Internal reward alignment - Study guides, Class notes & Summaries

Total Rewards All forms of pay and compensation, tangible benefits, and other intangible rewards that an organization provides. Business Strategy The collection of decisions, approaches, and activities that allow an organization to compete and win. Differentiation Strategy It places a high priority on providing innovative, exceptional, and high-quality products and/or services to customers. IT PLACES THE COST ON THE CUSTOMER, Generally, an organization that follows the differentiation s...

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 inv...

WGU C236 PA & OCA, Exam Questions and answers, 100% Accurate, Graded A+. VERIFIED. 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. Employe...

Strategic control correct answers the process of monitoring and correcting a firm's strategy and performance Traditional approach to strategic control correct answers a sequential method of organizational control in which (1) strategies are formulated and top management sets goals, (2) strategies are implemented, and (3) performance is measured against the predetermined goal set. *They are most appropriate when the environment is stable, and relatively simple, goals and objectives can be me...

What is an essential component of collaborative team success? - Singular leadership. - The ability to overcome personal differences. - Equal generational representation. - Role similarities. - The ability to overcome personal differences. Model Concept T: Think Before You Speak A: Assert Yourself L: Listen to Others K: Konnect with Everyone - Suggested Strategy - Apply Socrates' Triple Filter Test. - Apply B.I.F.A - Behavior Impact Feeling Action - Apply the S.I.L.E.N.T. principles....

Business Strategy - The collection of decision, approaches, and activities that allow an organization to complete and win. Cost Leadership Strategy - Focusing business priories on providing a lower-cost product or service. Differentiation Strategy - Providing innovative, exceptional, and high quality products and/or services to customers. Niche-Focused Strategy - Targeting business priorities toward addressing a specific section of the market Hybrid Strategy - Employing a combination...

Compensation & Benefits WGU - C236, Exam Review, rated A. VERIFIED. Capability-Based Pay - -Skill-Based Competency-Based Seniority/Experience-Based (most common) Compentencies - -Knowledge, Skills, Traits Internal Reward Alignment - -How much Total Rewards System aligns employee's rewards with others' Job-based approach (title) Individual-based (characteristics) Performance-based (results) Job Evaluation - -Determine Value Decide pay rates & rewards structure Classification app...

The pay relationships among different jobs within a single organization, forms a pay structure - Answer-Internal Alignment The array of pay rates for different work within a single organization - Answer-Pay Structure many levels, large differentials, individual performers, performance fairness, opportunities for promotion - Answer-Hierarchical structure fewer levels, small differentials, team work organization, equal treatment, and cooperation behavior - Answer-Egalitarian Structure Sugge...

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? - ...

Business Strategy - correct answer The collection of decision, approaches, and activities that allow an organization to complete and win. Cost Leadership Strategy - correct answer Focusing business priories on providing a lower-cost product or service. Differentiation Strategy - correct answer Providing innovative, exceptional, and high quality products and/or services to customers. Niche-Focused S...