ORG MAN QUIZ QUIZ Flashcards
- Additional payments and benefits on top of the
employees’ basic salaries - Given to motivate employees as they perform
their tasks
Reward Systems
Types of Contingent Pay
Pay for Performance Scheme
Pay for Competency
Pay for Contribution
Pay for Skills
Pay for Service
Types of Reward System
Contingent Pay
Group Contingent Pay
Pay Based on performance
Pay for Performance Scheme
Pay Based on the knowledge, skills, and abilities
employees have that they apply on the job
Pay for Competency
pay Focuses on the combination of employee
competencies and output levels
Pay for Contribution
pay Depends on the skills acquired by the
employee
- Requires a worker to undergo training and gain
certification for certain skills or competencies
Pay for Skills
Pay Based on continued service in a job
Pay for Service
Types of Group Contingent Pay
Team-Based Pay
Organization-Wide Pay
Related job or assigned to work on a certain
project
Team-Based Pay
Given to employees based on achievement of organizing goals
Organization-Wide Pay
based on a bonus plan where
employees are encouraged to fully contribute
to the company’s performance (e.g. when its
sales revenues surpass the sales targets)
Gainsharing
a scheme where employees
share in the profits of the company through cash payments or shares of stocks
Profit Sharing
Process where the employee performance is documented and evaluated
Performance Appraisal
Provides relevant information about the
specific training needs of employees
Needs Assessment
Helps management decide who will be
promoted by providing proof of meritorious performance
Employee Movements
Provides strong proof for merit increases
Basis for Merit Increase
Series of performance appraisals provides
track of employee growth
Development
Provides basis for justifying actions if there are questions regarding decisions like termination
Legal Concerns
Provides a good venue for discussion
regarding performance and other issues
between an employee and their immediate
supervisor
Channel of Communication
- Keeps employees motivated
- Boosts employee morale and encourage them
to make a good impression and give an
outstanding performance in their job
Source of Motivation
Performance Appraisal Methods
Objecting Methods
Performance Test
Judgemental Methods
- Include measures of actual output and
performance test
Objecting Methods
Evaluates an employee using a standardized set of conditions
- E.g. call center workers are graded based on speed, accuracy, and level of courtesy when taking a call
Performance Test
Include ranking and rating techniques
Judgemental Methods
employees are compared
to other employees to a fixed standard (e.g.
BARS rating scale (Behavioral Anchored
Rating Scale) which bases evaluations on
specific behaviors required for each individual position in an individual company)
Ranking Technique
Employee Movements
Vertical Movement
Horizontal Movement
Movement from a lower to a higher position
Vertical Movement
Transfer of an employee to another department or position with similar responsibilities or status
Horizontal Movement
Movement to a higher level or position
Promotion
Movement to a lower level or position
Demotion
-Movement to another position with the same
level or scope of responsibility
- Transfer to another branch or location but the
employee still occupies the same tasks
Transfer
Criteria for Promotion
Tenure
Meritorious Performance
Number of years of service of an employee
Tenure
Excellent or outstanding performance of an
employee
Meritorious Performance
-Last type of movement
- Employees’ departure from the organization
Separation
Voluntary decision to leave the organization
Resignation
- Company’s decision to terminate employees
due to business reasons
Separation with Authorized Cause
Employee is terminated due to theft, fraud, and other serious offenses
Separation with Just Cause
Consists of a considerable monetary package to enable employees to maintain their standard of living during the period that they are unemployed
Severance Package
End of the worker’s employment with the
company due to old age, illness, or infirmity
Retirement
-Relationship between employees and
employers
- Needed by every company
Employee Relations
- Process of negotiating the terms of
employment between an employer and a group of workers
Collective Bargaining
Elements Considered in Establishing and
Maintaining Good Relations:
- Drive for commitment
- Harmonization of terms and conditions of
employment - Emphasis on mutuality
- Policies and practices for communication
