Chap-11 terms Flashcards
compensatory approach
approach where high scores on some assessments can compensate for low scores on other assessments
unit weighting
giving multiple assessments equal weight when computing a candidates overall score
multiple hurdles approach
scoring approach where candidates must receive a passing score on an assessment before being allowed to continue on in the selection process
rational weighting
weighting method where experts assign a different subjective weight to each assessment score
statistical weighting
weighting method using a statistical technique, such as multiple regression, to assign a different weight to each assessment score
low job offer
job offer that consists of a below market rewards package
competitive job offer
job offer in which the total rewards package offered is competitive with the market offer
high job offer
job offer in which the total rewards package is above the market offer
maximum job offer
company’s best and final offer
restrictive covenant
clause in a contract that requires one party to do, or refrain from doing, certain things
offer letter
written letter describing in clear and precise terms exactly what the compensation structure and terms of an employment contract will be
explicit employment contract
written or verbal employment contract
implicit employment contract
an understanding that is not part of a written or verbal contract
reneging
backing out of a contract after it is accepted