ch6 Flashcards
job evaluation
systematically rating the worth of jobs within an organization by measuring required skill, effort, responsibility and working conditions.
competency based rewards
skill based pay plan
gainsharing plant
team-based reward that calculates bonuses from the work unit’s cost savings and productivity improvement
ESOP (Employee stock ownership plans)
reward system that encourages employees to buy company stock
stock options
a reward giving employees the right to buy stock at a future date at a predetermined price
profit-sharing plan
reward, bonuses to employees on the basis of the previous year’s level of profits
org-level rewards effectiveness
work OK, but the profitability is tied to other economic conditions, so connection is weak
job design
the process of assigning tasks to a job, including the interdependency of those tasks with other jobs.
job specialization
result of division of labor
scientific management
practice of systematically partitioning work into its smallest elements and standardizing tasks
motivator-hygiene theory
Herzberg’s theory that employees are primarily motivated by growth and esteem needs, not by lower level needs
job characteristics model
a job design model that relates the motivational properties of jobs to specific personal and org.consequences of those properties
skill variety
the extent to which employees must use different skills and talents to perform tasks within jobs
task identity
the degree to which a job requires completion of a whole or an identifiable piece of work
task significance
the degree to which a job has a substantial impact on the org and/or larger society
