HRM 485 Exam #1 Flashcards by yr yr

This type of individual incentive plan
rewards employees who recruit new
customers or new
employees.

A referral

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This is part of _________
___________: To Increase
Commitment, competitive pay-
Attracts qualified job
candidates.
Equitable exchange-Signals
commitment
reciprocity.
Flexible benefits and perquisities.

Strategic Compensation

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Another name for incentive pay
is____________pay.

Variable pay

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Individual incentive plans help
to promote the relationship
between pay and___________.

performance

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Metrics, analytics,
skills and competencies compared
with other companies make up the
__________________.

valid scorecard

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Stock ______________
describe an employee’s right
to purchase company stock.

options

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Some organizations promote
a caring protective feeling
and want employees to feel
As if they are part of the
family. What theory is this?

Entitlement theory

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One-half (50%) of employees
do not believe they are paid fairly
compared with other people in
similar positions in their companies.
This affects
____________.

equity

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Employees are rewarded for
these________________, furthering their
education, knowledge, skills after or near
the end of their degree.

certifications

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Name a position/job that
would focus on the person vs
the job itself

Learned professionals (teachers, scientists, etc.)

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Which pay plan generally
rewards employees for
acquiring job-related
competencies, knowledge or
skills rather than for
demonstrating successful job
performance?

person-based pay

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This type of pay system is
used by unions and
contractors to reward their
carpenters for increasing
their carpentry
abilities.

Skill-based pay

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All forms of financial
returns an employee receives
from their employer.

Total Rewards

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Using the job characteristics
theory, this core
characteristic refers to the
amount of freedom and
independence used by the
employee_____________.

autonomy

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What is PEST?

P - Political
E - Economical
S - Social
T - Technological

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This is considered at the
heart of person focused pay
programs.

Training

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Effective ___________is
crucial in the employees
understanding of HR
terminology and rewards.

communication

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Core_________are often
derived from the overall
strategic statements of
companies and are very
general knowledge and skills.

competencies

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Hourly employees receive ____________ pay for
time spent traveling to work assignments even if the
travel time is outside of working hours.

travel pay

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Employees become more valuable over time is the basis for __________ pay.

seniority pay

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The process for recognizing
differences in the relative
worth among a set of jobs
and for establishing pay
differentials is____________.

job evaluation

Universal compensable
factors are derived from
which federal act?

FLSA

Market based job evaluation
uses which method to collect
data to determine prevailing
pay rates__________.

surveys

Reviewing jobs descriptions,
conducting position analysis
questionnaires is part of ____.

job analysis

[SHORT ANSWER QUESTION] Can you reward HR managers with bonus/incentives? How?

Yes, you can reward HR managers with bonus/incentives! Here are some ways you can do: > Occupancy: Give managers a bonus for getting sites occupied to a certain percentage EX: A manager gets a $1000 bonus for having a 90% occupancy rate for their large work site, and an $800 bonus for a small site. > Training stipend: Give managers a training stipend for leading initiatives such as rewriting the training guide or documenting instructions for system software. > Rate increases: Give managers a bonus for participating in the rate increase process (i.e. preparing and sending letters, answering questions and concerns from tenants). EX: A 5$ bonus for every unit received with a cap of 800$/year.

These describe the terms of employment that are set between management and union bargaining representatives.

collective bargaining agreements

A company’s ability to sustain market share and profitability for several years running is referred to by what term?

competitive advantage

Name the 4 universal compensable factors.

1. Skill 2. Effort 3. Responsibility 4. Working Conditions

Not subject to overtime provisions, Salaried supervisors, managers, professionals, and executives.

Exempt employees

What US federal law established a national minimum wage for employees involved in commerce (rather than just those employed by companies working for the US government), as well as prohibit most employment of minors in oppressive child labor.

FLSA

This law makes it illegal to discriminate against people with physical and mental disabilities both within and outside employment settings, including public transportation, public accommodations, and employment.

ADA

A policy that applies to all company employees, but unintentionally hurts a protected group disproportionately would be what form of discrimination?

Disparate Impact

Income granted to workers for an occupational injury or illness and a state insurance program.

Workers' compensation

This was enacted in order to allow employees who are terminated, laid off, or have a change in their employment status to temporarily remain on the employer- sponsored medical insurance plan.

COBRA

This governmental agency enforces the Equal Pay Act along with many others related to discrimination.

EEOC

This appraisal system is the most defensible in court because it is based on actual observable job performance behaviors.

BARS

Employee receive a base wage rate and is awarded additional compensation for the amount of output produced. Minimum wage plus .10 per item produced.

Productivity-based pay

Pay increases on a predetermined schedule and at an automatic step rate.

Time-based step rate (e.g. service jobs, teachers, etc.)

This term is defined as added pay for employees who have reached the maximum of a pay grade and who are unlikely to move into higher grades.

Longevity pay

Name 2 categories of exemptions

1. Learned professionals 2. Executive professionals 3. (BONUS) Technical professionals

Shared values, goal orientation and inspirational leadership are a part of what type of_____________culture?

performance culture

Overturned the 2007 Supreme Court Ruling. Helps close the pay gap between men and women. Pay discrimination charge must simply be filed within 180 days of a discriminatory paycheck.

Lily Ledbetter Act (Ledbetter v. Goodyear Tires)

Executive, managerial, professional, technical, clerical, and craft represent distinct ____________ in pay structures.

job families

Bonus targets are based on grade level and the position in the company and the company’s operating income percentage.

profit sharing

Guarantees ready access to coverage under a subsequent employer’s health plan, regardless of their health or claims experience. Sets limits on the length of time that health plans and health insurance issuers may impose preexisting conditions.

HIPAA

Investing in people rather than considering HR a big expense.

Human capital

Profit sharing plans and employee stock option plans are incentives on what level.

Company-wide

Most important factor after reviewing salary surveys and internal pay.

Market

Consolidates pay grades and ranges. Flattens corporate hierarchies. Emphasizes teamwork.

Broadbanding

Shift pay and emergency pay are examples of ____________________.

Differential pay