Compensation/ Wages & Performance Evaluation Flashcards
Financial reports given to employees
Direct compensation
Benefits given by employees other than financial renumeration
Indirect compensation
Recognition programs being assigned to do rewarding jobs or enjoying management
Non-financial compensation
Achieve when employees feel that there they is there in relation to their job responsibilities
Pay equity
Perceived relationship between effort performance and rewards
Expectancy theory
To represent workers in negotiations with employees
Labor union
Wages or salaries and benefits
Financial needs
Presentations of employees regarding unfair or biased managerial actions
Unfair management practices
For the satisfaction of the needs for affiliation with a group
Social and leadership concerns
Strong employment relations create a pleasant
Productivity
Creating a productive and pleasant
Employee loyalty
Efficient and friendly
Conflict reduction
Given in exchange for work performance
Pay / Salary
Given to employees or workers to improve the quality of their work and personal lives
Benefits
Based upon pay for performance philosophy
Incentives
The primary purpose of execultive day is to attract and retain top talent
Execultive Pay
One employees the right to buy a specific number of shares often organization non-monetary rewards
Stock option
Given to individuals, employees or group/team (trophies, medals, or certification)
Award
Intrinsic award given by superiors to their subordinates when the express oral or verbal appreciation for excellent job performance
Praise
