Final:Ch 9,10,13,14 Flashcards

1
Q

What are some examples of Financial Compensation?

A

Employee recognition programs, rewarding jobs, organizational support, work environment, and flexible work hours

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2
Q

What is Pay for Performance standard?

A

The standard by which managers tie compensation to employee effort and performance

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3
Q

What are some types of Pay for Performance?

A

Merit-based pay, bonuses, salary commissions, job and pay banding, team/group incentives, and gainsharing programs

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4
Q

What is the Expectancy Theory?

A

A theory of motivation that holds that employees should exert greater work effort if they have reason to expect that it will result in a reward that they value

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5
Q

What is Equity Theory?

A

A motivation theory that explains how people respond to situations in which they feel they have received less (or more) than they deserve

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6
Q

What are different ways to pay workers?

A

Hourly work, Piecework, Salary workers

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7
Q

What is the Fair Labor Standards Act (1938)?

A

Interstate commerce clause used to cover workers except agricultural and exempted (managerial) employees, child labor (under 16) is prohibited

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8
Q

What are a few things employers consider when setting salary rates?

A

Skill level, local labor market, cost of living, competition

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9
Q

What is a Job Evaluation System?

A

A systematic process of determining the relative worth of jobs in order to establish which jobs should be paid more than others within an organization

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10
Q

What are some methods of the Job Evaluation System?

A

Job Ranking System, Job Classification System, Point System, Work Valuation, and Hay profile method

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11
Q

Job Ranking System

A

The simplest and oldest system of job evaluation by which jobs are arrayed on the basis of their relative worth

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12
Q

Job Classification System

A

A system of job evaluation in which jobs are classified and grouped according to a series of predetermined wage grades

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13
Q

Point System

A

A quantitative job evaluation procedure that determines the relative value of a job by the total points assigned to it

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14
Q

Work Valuation

A

A job evaluation system that seeks to measure a job’s worth through its value to the organization

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15
Q

Hay Profile Method

A

A job evaluation technique using three factors-knowledge, mental activity, and accountability-to evaluate executive and managerial positions

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16
Q

Where can we find the average wage rate?

A

By comparing the wage to the local, regional, or national rate

17
Q

What does the Equal Pay Act discriminate against?

18
Q

Why do organizations have incentive plans?

A

They establish a performance threshold that employees must achieve to qualify

19
Q

What are some different ways that sales people are paid?

A

Straight Salary, Straight Commission, Salary and Commission Combinations

20
Q

Straight Salary

A

Salespeople are paid for performing various duties that are not reflected immediately in their sales volume

21
Q

Straight Commission

A

Compensation based on the percentage of sales

22
Q

Combined Salary and Commission

A

A plan that includes a straight salary and a commission component “leverage”

23
Q

What are long term incentive plans?

24
Q

What is employment at will?

A

A company can fire you at anytime for no particular reason; on the other hand the employee can quit at any time

25
Exceptions of employment at will
Discrimination, Wrongful discharge, Can't violate labor laws, if they are in the union it is very hard to remove them, fear of firing
26
Retaliation Discharge
An employer cannot retaliate against an employee who is exercising their right under the law. This includes Title 7, Age discrimination, Americans with Disabilities, etc.
27
How do the courts view privacy?
They really don't care
28
Why is there concern about workplace romance?
Supervisor-subordinate relationships are a particular concern.