People notecards directly from SHRM Flashcards
Relationship in which one person helps guide another’s development
Mentoring
Situation in which an organization’s compensation levels and benefits are similar to those of other organizations that are in the same labor market and compete for the same employees
External Equity
Planned approach to learning that includes a combination of instructor-led training, self-directed study, and/or on-the-job training
Blended learning
Process by which an organization generates a pool of qualified job applicants
Sourcing
Plan or method implemented by an organization that provides monetary, benefits-in-kind, and developmental rewards to employees who achieve specific business goals
Total rewards strategy
Primary job duties that a qualified individual must be able to perform, either with or without reasonable accomodation
Essential functions
Pay rate divided by the midpoint of the pay range
Compa-ratio
Pay increase given to employees based on local competitive market requirements;awarded regardless of employee performance
General Pay increase
Clusters of highly interrelated attributes, including knowledge, skills, and abilities (KSAs), that give rise to the behaviors need to perform a given job effectively
Competencies
Organization characterized by a capability to adapt to changes in environment
Learning organization
Assessment tools that present prospective leaders with sample situations and problems they might encounter in a work environment
Situation Judgement Tests (SJTS)
Job evaluation method in which each job is compared with every other job being evaluated;the job with the largest number o f”greater than” rankings is the highest-ranked job, Ect
Paired Comparison
Pay adjustment given to eligible employees regardless of performance or organizational profitability; usually linked to inflation
Cost-of-Living Adjustment (COLA)
Related to technical skills training;often a partnership between employers and unions
Apprenticeship
Pay rate divided by the midpoint of the pay range
Compa-ratio
Extent to which employees perceive that monetary and other rewards are distributed equitably, based on effort, skill and/or relevant outcomes
Internal equity
Job evaluation method in which the relative worth and pay structure of different jobs are based on their market value or the going rate in the marketplace
Market-based job evaluation
Instructional systems design framework consisting of five steps that guide the design and development of learning programs
ADDIE Model
Instruments that collect information on prevailing market compensation and benefits practices (Including starting wage rates, base pay, pay ranges, statutory and market cash payments, variable compensation, and paid time off)
Remuneration Surveys
Short but broad statement documenting an organization’s guiding principles and core values about employee compensation
Compensation philosophy
Process of assimilating new employees into an organization, through orientation programs to help them, as well as their experiences in their first months of employment
ONboarding
Movement between different jobs
Job rotation
Modifications or adjustments to a job or job application process that accommodate persons with disabilities but do not impose a disproportionate or undue burden on the employer
Reasonable accommodation
Set the upper and lower bounds of possible compensation for individuals whose jobs fall within a pay grade
Pay ranges
Career development programs that identify meaningful career paths for professional and technical people outside traditional management roles
Dual Career Ladders
Activities that focus on preparing employees for future responsibilities while increasing their capacity to perform their current jobs
Developmental activities
Process by which new employees become familiar with the organization and with their specific department, coworkers and job
Orientation
Process that involves a systematic survey and interpretation of relevant data to identify external opportunities and threats and to assess how these factors affect the organization currently and how they are likely to affect the organization in the future
Environmental Scanning
Employees’ perceived value of the total rewards and tangible and intangible benefits they receive from the organization as part of employment, which drives unique and compelling organizational strategies for talent acquisition, retention and engagement.
Employee Value Proposition (EVP)
Ability of an organization to keep its employees
Retention
People who learn best through a hands-on approach; also called tactile learners
Kinesthetic Learners
Structured conversations with employees for the purpose of determining which aspects of a job (satisfaction, engagement, culture, organization, leadership, etc.) encourage employee retention, or may be improved to do so.
Stay interviews
Type of metric describing an activity or change in performance that has already occurred
Lagging indicator
Pay systems in which employee characteristics, rather than the job, determine pay
Person-based pay
System that shows preference to employees with the longest service
Seniority
Process by which an organization identifies performance gaps and sets goals for performance improvement, by comparing its data, performance levels, and/or processes against those of other organizations
Benchmarking
Process by which an organization generates a pool of qualified job applicants
Sourcing
System in which pay is based on longevity in the job and pay increases occur on a pre-determined schedule
Time-based step-rate pay
Learning/development programs offered initially in a controlled environment with a segment of the target audience
Pilot programs
Job evaluation method that involves establishing a hierarchy of jobs from lowest to highest based on each job’s overall value to the organization
Job ranking
Tool used in the staffing/selection process to provide an applicant with honest, complete information about the job and work environment
Realistic job preview (RJP)
Electronic media delivery of educational and training materials, processes and programs
E-learning
Mandatory or voluntary payments or services provided to employees, typically covering retirement, health care, sick pay/disability, life insurance, and paid time off.
Benefits
Process of evaluating the most suitable candidates for a position
Selection
Payments in return for the achievement of specific, time-limited, targeted objectives
Premiums
Tools, activities, and processes that an organization uses to manage, maintain, and/or improve the job performance of employees
Performance Management
Occurs when there is only a small difference in pay between employees regardless of their experience, skills, level, or seniority; also known as salary compression
Pay compression
Focused, interactive communication and guidance intended to develop and enhance on-the-job performance, knowledge or behavior
Coaching