Definition of Terms pt. 1
Definition of Terms pt. 2
Different Methods Employees Are Paid
Employee Benefits/
Costs
Evaluation Process
100
What is the amount of money paid to an employee for work performed, including salary and wages?
What is compensation
100
What is the amount of money an employee is paid based on a percentage of sales for which he or she is responsible; the fee stock change for their services?
What is commission
100
What is this method at which employees are paid?--- Specific amount of money for each hour worked (not based on the amount or quality of work done... but the amount of time spent on the job)
What is time wage
100
What is an employee benefits?
What is any nonwage payment or benefit granted to employees by employers.
100
Who focuses of specific job duties of each employee in the evaluation process?
Who is the manager
200
What is compensation in forms other than direct payment?
What is benefits
200
What is a pay-for-performance plan in which an employee receives a specific amount each unit of work produced?
What is piece rate
200
What is this method at which employees are paid?--- specific amount of money for each week or month worked (not based on the amount or quality of work done... but the amount of time spent on the job)
What is straight salary
200
What are four different possible employee benefits?
What is vision coverage and retirement benefits are not required by law--- also Unpaid Family Leave, Vacation Pay, Holiday Pay, Health / Medical Care, Prescription Drugs, Paid Jury Duty, Paid Sick Leave, Paid Funeral Leave, Defined Contribution Retirement Plan, Life Insurance , Employee Assistance Programm, Dental Care, Non-Production Bonus Pay, Short Term Disability, Paid Personal Leave, Healthcare Reimbursement Account, Wellness Programs, Dependent Care Reimbursement Account, Long Term Disability, Paid Military Leave, Health Savings Account, Defined Benefit Retirement Plan, Financial Planning, Long Term Care Insurance, Paid Family Leave, Childcare, Subsidized Commuting, Flexible Workplace, Payroll Deduction IRA, and Stock Options
200
They review things in employee's, like; communications, interpersonal relationships, quality and quantity of work, and ethical behavior, what are these?
What is qualities
300
What is a specific amount of money paid to an employee for each hour worked?
What is a time wage
300
What is an employee benefit program that allocates a certain amount of money to each employee that can be spent on benefits?
What is a cafeteria plan
300
What is this method at which employees are paid?--- Employee is paid a percentage of sales for which he or she is responsible (salespeople are often paid by this method)
What is commission (not apart of the game, but what do you think could be a downfall of being paid commission?)
300
Are the cost of employee benifits increasing or decreasing?
What is increasing
300
What form do the managers fill out while they evaluate an employee?
What is an evaluation form
400
What is a specific amount of money paid to an employee for each week or month worked?
What is a straight salary
400
What is the end of an employment relationship between a company and an employee?
What is termination
400
What is this method at which employees are paid?--- employee receives a specific amount for each unit of work produced (used in factories and data processing or telephone call centers)
What is piece rate (not apart of the game, but what do you think could be a downfall of being paid piece rate?)
400
Each employee prefer different benefits, as a result, human resources departments have developed what? (hint- it's a plan)
What is cafeteria plans
400
What do the managers do next (while filling out the form)?
What is observe the employee
500
What is direct payment of money to an employee for work completed AND any form of communication used to inform, persuade, or remind”: communicating information about producers and services to potential customers: the advancement of an employee to a position with greater responsibility?
What is salary and wages AND promotion
500
What is the assignment of an employee to another job in the company with a similar level of responsibility AND a type of termination which is a temporary or permanent reduction in the number of employees due to changing business conditions?
What is transfer AND layoff
500
What is this method at which employees are paid?--- combines a wage or salary with an additional amount based on the employee's performance (one type is profit sharing- employee’s receive their regular compensation plus a share of the profits earned by a company) ~Encourages commitment~
What is base plus incentive
500
The employee selects preferred benefits- if costs are higher for a benefit... what do the employee's have to do, because of cafeteria plans? (hint- has to do with paying)
What is employee's pay the difference
500
As the final step when the evaluation is complete, the manager does what?
What is schedules a conference with the employee
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