Hrob 3010 ch1-8 Flashcards
what two parts make up total rewards?
total compensation and relational returns(job security,status)
Innovator strategy
incentives for innovation
cost cutter
focus on productivity
Three tests of competitive advantage;
is it aligned, does it differentiate, does it add value
content
the work performed and how it gets done
value
the worth of the work
tailored structure and example
well defined jobs, low cost ex. mcdonalds
Loosley coupled and example
jobs that require constant innovation, flexible and adaptable ex. 3M
Egalitarian
productive for group collaboration, few levels and small differentials
Hierarchical
high performance for individual effort, multiple levels
tournament theory
works best when individual performance matters most, big price
Institutional theory
Copy and conform to others
What kind of jobs are at risk for offshoring?
Low skill jobs, white collar
What is simple ranking?
orders jobs from highest to lowest based on their value
Alternation ranking
evaluators alternate choosing the most valuable and then the least valuable