Short questions - Midterm Flashcards
1
Q
What are 3 goals of the reward and compensation system?
A
- Promote desired employee behaviour
- Be seen as equitable
- Comply with the law
2
Q
What are four contextual variables?
A
- Business strategy
- Technology
- Size
- Workforce
3
Q
What are 3 managerial strategies? Define any one of them.
A
- Classical
- Human Relations
- High-involvement - a major effort is made to create interesting and challenging jobs that provide workers with autonomy.
4
Q
What are the 5 determinants of the most appropriate managerial strategy?
A
Contextual variables
- Environmental
- Nature of work
- Organization size
- Technology
- Corp strategy
5
Q
What are the three employee behaviours?
A
- Membership behaviour
- Task behaviour
- Organizational citizen behaviour
6
Q
What are three employee attitudes?
A
- Job satisfaction
- Work motivation
- Organizational identification
7
Q
What are 4 causes of reward dissatisfaction?
A
- Violation of the physiological contract
- Perceived equity
- Relative deprivation
- Lack of organizational justice
8
Q
What are 3 components of compensation mix?
A
- Base pay
- Performance pay
- Indirect pay
9
Q
What are three
Components of determining base pay?
A
- Market pricing
- Job evaluation
- Pay-for-knowledge
10
Q
What are three choices for performance pay?
A
- Individual performance pay plan
- Group performance pay plan
- Organization performance pay plan
11
Q
What are 4 main kind of constraints on compensation strategy ?
A
- Legislated
- Labour
- Product / service market
- Financial
12
Q
What are the 5 steps in formulating compensation strategy?
A
- Define the required behaviour
- Define the role of compensation
- Determine the compensation mix
- Determine the compensation level
- Evaluate the proposed strategy
13
Q
What are the 3 basic criteria of evaluating compensation strategy?
A
- Affordability
- Legality
- Employee attraction
