module 3: traditional bases for pay: seniory and longevity Flashcards
system reward employees with permanent additions to base pay periodically, according to employees’ length of service performing their jobs
seniority pay
systems reward employees with periodic additions to base pay according to employees’ length of service in performing their jobs
longevity
states that employees’ knowledge and skills generate productive capital known as human capital. Employees can develop knowledge and skills from formal education or on the job experiences
human capital theory
refers to a union’s success in negotiating formal contracts with employees and establishing quasi-judicial grievance procedures to adjudicate disputes between union members and employees
job control unionism
reward employees with permanent increases to base pay according to differences in job performance
merit pay programs
a type of performance-apprisal method requires the rater to evaluate each employee’s traits or characterisitic
trait system