Rewards
Compensation
Perfomance Mangement
Benefits
Potpourri
100
The most obvious reward.
What is pay?
100
Incentives can be offered when employees' tasks are interdependent and require cooperation.
What are group incentives?
100
This lets employees know how well they have done and allows for employee input in an appraisal.
What is feedback?
100
This is usually related to the length of time on the job.
What is vacation time?
100
These rewards, such as cost-of-living increases, benefits, and salary increases, are offered to all employees.
What are membership-based rewards?
200
Personal satisfactions that come from the job itself, such as: pride in one’s work feelings of accomplishment being part of a work team
What are intrinsic rewards?
200
Pre-set pay levels that determine what people are paid based upon the type and level of competencies they possess
What is broad-banding?
200
Three approaches to this are: Absolute standards Relative standards Objectives
What are appraisal methods?
200
These plans usually replace a portion of the employee’s salary, often 60 percent.
What are long-term disability plans?
200
The case clarified methods for using and validating tests in selection.
What is Albemarle Paper Company v. Moody (1975)?
300
These include: wages bonuses profit sharing pension plans paid leaves purchase discounts
What are financial rewards?
300
Incentives for empowered work groups to exceed established goals and share equally in rewards.
What is team-based compensation?
300
In this case the appraiser rates employee on a number of job-related factors.
What is Adjective Rating Scale Appraisal?
300
Employee and employer may contribute to accounts based on rules established for contributions; amount of benefits depends on success of account investments.
What are Defined Contribution Plans?
300
An organization of workers, acting collectively, seeking to promote and protect its mutual interests through collective bargaining
What is a union?
400
This emphasizes making life on the job more attractive; employees vary greatly on what types they find desirable
What are nonfinancial rewards?
400
Designates pay ranges for groups of jobs which are similar in value to the organization and grouped by their classifications, grades or points.
What is a wage structure?
400
Appraiser rates employee on factors which are defined by behavioral descriptions illustrating various dimensions along each rating scale.
What are Behaviorally Anchored Rating Scales (BARS)?
400
Provides for continuation of benefits for up to three years after an employee leaves a job; cost is paid by the employee
What is the Consolidated Omnibus Budget Reconciliation Act (COBRA)?
400
Compensation given to offset higher costs of living abroad or other activities.
What are differentials?
500
These are tied to specific job performance criteria: commissions piecework pay plans incentive systems group bonuses merit pay
What are performance-based rewards?
500
This might protect executives when a merger or hostile takeover occurs by providing severance pay or a guaranteed position.
What is a golden parachute?
500
Valid performance appraisals are conducted at established intervals and are done by this.
What is a trained appraiser?
500
These programs allow employees to choose which benefits they want and help to keep costs down
What are flexible benefits?
500
This invisible barrier drives a lack of women and minority representation at the top levels of organizations.
What is the glass ceiling?
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