Performance Management
This is the type of performance appraisal where different ratings are using to describe an employee's performance on a sliding scale to describe the rating. One example is: agree, slightly agree, slightly disagree or disagree.
What is the Likert Scale or Ranking method?
These are the three "bands" within a salary range.
What is the minimum, midpoint, and maximum?
If a workforce wanted to "collectively bargain" for better working rights, they could hold an election to bring this group in to assist in working with management to set conditions for better working conditions.
What is a union?
Onboarding.
This is the theory that employees compare their organizational worth to how they are paid similarly to their co-workers.
What is the Equity Theory?
This is a short document that shares a narrative about performance.
What is an Essay Appraisal?
This is the acronym for social security and medicare.
What is FICA/FICAMED? (Represents 7.65% of an employee's salary.)
This is held when a workforce is "polling" the workforce to decide whether or not to bring a union into negotiations with management.
What is an election?
This is the process you go through when you identify the issue with an employee is actually the process itself.
What is process mapping?
This is what you find when you divide the annual salary by the salary midpoint. (Annual Salary/Salary Midpoint.)
What is the compa-ratio?
This appraisal is completed by all individuals who interact with an employee.
What is a 360 feedback appraisal?
This is an employees time off, compensation, and benefits.
What is Total Rewards? Coined and trademarked by World at Work.
The National Labor Relations Board.
What is the NLRB?
1. Assessing the need for Training and Development
2. Selecting how to shape behavior through training and development
3. Designing the training and development
4. Delivering the training and development
5. Assessing the training and development
What are the five steps of learning and development?
Annual Salary is $25,000 and health insurance is $12,000.
$25,000*7.65%=1,912.50
$25,000+1912.50+12000=$38,912.50
What is the total cost of salary to the employer with fringe benefits?
(total salary, plus FICA/FICAMED, plus health insurance).
This is the type of reward or feedback process a manager must break out their employees into top performers, average performers, and bottom tier performers.
What is Forced Distribution?
This is compensation NOT paid to you with actual cash.
What is indirect compensation?
This is the negotiation of wages, working hours, and general employment conditions by the workforce.
What is collective bargaining?
This is the most common form of training.
What is on the job (OJT)?
Give a reason why performance appraisals are positive and negative for an organization.
Possible essay.
This type of appraisal evaluates whether or not an employee completed their goals and objectives for the time period in question.
What is Management by Objectives?
Employees having control, clarity, and flexibility in their pay is.....
What is pay for performance?
Be prepared to make an argument for and against having a union in the workforce.
Possible essay question.
This is when you are calculating whether or not the cost training and development was worth it to the organization.
What is Return on Investment (ROI)?
This is the document a manager gives to a subordinate when they need to lay out the plan to improve deficiencies in their work.
What is a performance improvement plan?