MANT 347 Flashcards

1
Q

What is your Myers-Briggs result?

A

E.N.F.J. (The giver)

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2
Q

What does an Intuitive person do?

A
  • Follows Hunches
  • Generates ideas and theories
  • Trusts insights
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3
Q

What does a feeling person do?

A
  • Empathise
  • Makes decisions aligning with personal and group values
  • Assess impact of decisions on people
  • Are compassionate
  • Adjusts to individuals needs
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4
Q

What does a Judging person do?

A
  • Organised
  • Systematic
  • Plan
  • Likes decisions and to stick to them
  • Avoid last minute stess
  • Control
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5
Q

What are some Strengths to E.N.F.J’s

A
  • Catalysts of change
  • Chameleon like manner
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6
Q

What are some Challenges for E.N.F.J’s?

A
  • Sensitive to criticism
  • Fussy
  • Worriers, feel guilty
  • Controlling, manipulative
  • Judge too quickly
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7
Q

What are the 4 types of Employee Benefits?

A
  • Benefits at work
  • Benefits for health
  • Benefits for financial security
  • Benefits for Lifestyle
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8
Q

What are some factors of traditional Benefits?

A

No relationship with perceived organisational support
e.g Pensions, leave, KiwiSaver

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9
Q

What is Perceived organisational support?

A

Perceived Organizational Support (POS) refers to an employee’s perception about how much the organization values their contributions and cares about their well-being. It’s a crucial aspect of the employer-employee relationship, influencing job satisfaction, work engagement, and can impact an employee’s commitment to the organization.

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10
Q

What are some factors of non-traditional benefits?

A

Non-traditional benefits are unique perks beyond standard benefits, such as flexible work hours, wellness programs, and professional development opportunities. They are tailored to employee needs and can enhance job satisfaction, work-life balance, and retention. They tend to have a positive POS

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11
Q

Explain Cafeteria style benefits

A

Cafeteria-style benefits are a type of employee benefits plan that allows employees to choose from a variety of pre-tax benefits1. This plan gives employees the flexibility to select benefits that best suit their needs, such as health insurance, retirement savings, and flexible spending accounts. They must be explained well, especially tax implications

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12
Q

What is Job Evaluation? (JE)

A

Job Evaluation is a systematic process that determines the relative value of a job within an organization by using internal and external data. It helps establish fair compensation, considering factors like the job’s responsibilities, its impact on the business’s success, and what similar roles in other companies pay

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13
Q

Explain JE ranking method :

A
  1. Create job descriptions
  2. Compare job descriptions in terms of value to the organisation
  3. Jobs compared as a whole (rather than factors)
  4. Ranked from highest to lowest
  5. Simplistic
    Problems:
    Distance between ranks not equal…not easily linked to pay
    Different judgements on criteria
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14
Q

Explain JE Point method:

A
  1. Identify compensable factors (job characteristics)
  2. Scale the factors as to how important they are to each job (1-5)
    - Should include a narrative description
  3. Assign each factor a weight
    * Translates into points for each job which is then translated into monetary figures.
    * Measures relative worth of Jobs
    * Ranking easier to do
    * Much administration required
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15
Q

Explain JE Classification method:

A
  • Series of classes or job families created (grade)
  • Academic/General/Trades/Union
  • Each job placed within a grade
  • Grades 1-10 for General Staff - narrow or broad banding
  • Each class represents a job of equal value to the organisation and will be paid equally.
  • New jobs can be quickly slotted in
  • Time to administer can be quicker
  • More subjective
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16
Q

Explalin JE Broad banding method:

A
  • Collapsing Job Classes into fewer categories/grades (about five).
  • Greater pay spread within each
  • Takes into account different “job types” across the organisation
  • Provides flexibility in rewarding people
  • Rewarding personal growth
  • Rewarding career progression
  • Devolve responsibility to managers
  • Better in flatter organisational structures
  • Used in organisations with a Diversity of roles
17
Q

Explain JE Salary Survey method:

A
  • Important for determining external equity
  • Compare pay for a job with similar firms in the same labour
    market
  • Salary surveys show the market rate for a job (range bounded by the quartiles above and below the median $ for the job)
  • Pay leaders are those that pay in the top quartile
  • Pay followers pay around the medium
  • Pay laggers pay in the bottom quartile
  • Surveys are generally purchased from reputable specialist remuneration or HR consulting firms e.g. Watson Wyatt, PA
    Consulting, Sheffield; Strategic Pay