Lesson 3 part 2 Flashcards
Coaching, mentoring, and training programs prepare employees for leadership roles.
Type of
Development
Leadership Development
Focuses on long-term career goals, including skills training, career counseling, and advancement planning.
Career Development
Enhances job-specific technical skills or soft skills, such as communication or problem-solving.
Skill Development
Encourages self-improvement and work-life balance through wellness programs, time management training, and stress management.
Personal Development
nvolves continuous learning through certifications, seminars, and conferences to stay current in one’s field.
Professional Development
Collects feedback from supervisors, peers, subordinates, and sometimes customers to comprehensively assess an employee’s performance.
Appraisal
Types of Performance Appraisal
360-Degree Feedback
It uses a predefined scale to rate employees on various performance criteria like productivity, teamwork, and communication.
Types of Performance Appraisal
Rating Scales
Evaluates employees based on the achievement of specific goals set collaboratively by the manager and the employee.
Types of Performance Appraisal
Management by Objectives (MBO)
Focuses on specific behaviors that are critical for job performance, providing a more detailed assessment.
Types of Performance Appraisal
Behaviorally Anchored Rating Scales (BARS)
Employees evaluate their own performance, which is then discussed with the manager.
Types of Performance Appraisal
Self-Assessment
Colleagues assess each other’s performance, providing insights from those who work closely with the employee.
Types of Performance Appraisal
Peer Review
The fixed amount paid to employees before any deductions, such as taxes or benefits.
Salaries and Benefits
Basic Salary
The total earnings before any deductions, including basic salary plus allowances, bonuses, and other benefits.
Salaries and Benefits
Gross Salary
The amount employees take home after all deductions, such as taxes, insurance, and contributions.
Salaries and Benefits
Net Salary
Pay based on the number of hours worked.
Salaries and Benefits
Hourly Wage
Payment based on the number of units or tasks completed.
Salaries and Benefits
Piece Rate
Earnings based on sales or performance, often a percentage of sales made.
Salaries and Benefits
. Commission-Based Salary
A pension system provides retirement, disability, and death benefits.
mandatory benefits to employees
Social Security System (SSS)
Health insurance coverage for medical and hospitalization expenses.
mandatory benefits to employees
PhilHealth
A savings program for housing loans and other financial assistance.
mandatory benefits to employees
Pag-IBIG Fund
An additional payment equivalent to one month’s salary, given at the end of the year.
mandatory benefits to employees
13th Month Pay
Additional compensation for work beyond regular hours.
mandatory benefits to employees
Overtime Pay
Five days of paid leave per year after one year of service.
mandatory benefits to employees
Service Incentive Leave
Refers to any change in an employee’s status, role, or location in an organization.
Employee
Employee Movement
