Misc
A survey aimed at determining prevailing wage rates is known as this.
What is a wage/salary survey?
The main reason individuals refuse expatriate assignments
What are family issues?
The tendency to give higher performance ratings to employees who are perceived to be similar to the rater in some way is known as this type of bias.
What is the similar-to-me bias?
Employee compensation in the form of financial benefits such as vacations and employer contributions to employee insurance is knows as this.
What are indirect financial payments?
Motivation derived from the non-monetary pleasure someone gets from doing the job or task is known as this.
What is intrinsic motivation?
The problem occurs when a supervisor has a tendency to rate all employees either low or high is known as this.
What is strictness/leniency?
Formal term to describe an expatriate assignment including remuneration, vacation and the repatriation agreement
What is an Assignment Letter?
Predetermined percentages of rates are places in various performance categories is known as this type of appraisal method.
What is the Forced Distribution Method?
Employee compensation in the form of wages, salaries, incentives, commissions and bonuses is known as this.
What are direct financial payments?
Any salary increase awarded to an employee based on their individual performance is known as this.
What is merit pay or merit raise?
Providing the same pay to job classes of the same value to the employer as determined by gender-neutral decision criteria is known as this.
What is pay equity?
European firms emphasize this is the reason for failure of expatriate assignments
What is the inability of the spouse to adjust?
PIP is known as this.
What is Performance Improvement Plan?
Perceived fairness of the processes and procedures used to make decisions regarding the allocation of pay is known as this.
What is procedural equity?
A plan in which a production standard is set for a specific work group and its members are paid incentives if the group exceeds the production standard is known as this.
What is a team or group incentive plan?
A rate of pay that is above the pay range maximum is known as this.
What is a red circle pay rate?
policies that align with the attitude that home-country manager are superior to those in the host country is know as this
What is an ethnocentric staffing policy?
Effective performance management begins with defining the job and this.
What is defining performance standards?
An employee's perception of pay as fair given the pay rates of comparable jobs in other organizations is known as this.
What is External equity?
A set payment for each piece produced or processed is known as this.
What is a straight piecework plan?
A policy designed to create more competition by allowing prices to be determined by market forces is known as this?
What is Deregulation?
The process of moving the expatriate and their family back home from the foreign assignment is known as this.
Keeping a record of uncommonly good or undesirable examples of an employee's work-related behavior and reviewing the list with the employee at predetermined times is know as this type of qualitative appraisal method.
What is the Critical Incident Method?
A compensation plan that advances the firm's strategic aims and produces the employee behaviors the firm needs to achieve its competitive strategy is known as this.
What is an aligned total rewards strategy?
The right to purchase a stated number of shares of a company stock at today's price at some time in the future is known as this.
What is a stock option?