Study for Test on 7,8,9, & 10 Flashcards

1
Q

T&D method -participant is asked to establish priorities for and then”handle a number of business” papers, email messages, memoranda, reports, and telephone messages that would typically cross a manager’s desk

A

In-Basket training

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2
Q

Performance appraisal method that combines elements of the “traditional rating scale and critical incident” methods: various performance levels are shown along a scale

A

Behaviorally anchored rating scale method

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3
Q

Performance appraisal method that requires keeping written records of highly favorable and unfavorable employee work actions

A

Critical incident method

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4
Q

Learning that goes “beyond” today’s job and has a more long term focus

A

Development

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5
Q

Performance appraisal method in which the rater is required to assign individuals in a work group to a “limited number” of categories, similar to a normal frequency distribution.

A

Forced distribution method

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6
Q

T&D method that permits a person to learn by copying or replicating “behaviors” of others to show managers how to handle various sitations

A

Behavior Modeling

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7
Q

Approach to advising, coaching, and nurturing, for creating a practical relationship to enhance individual career, personal, and professional growth and development.

A

Mentoring

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8
Q

Performance appraisal method in which the rater “ranks” all employees from a group in order of overall performance

A

Ranking method

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9
Q

Performance appraisal method that “rates” employees according to defined factors

A

Rating scales method

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10
Q

Activities designed to provide learners with the knowledge and skills needed for their present jobs

A

Training

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11
Q

Involves evaluation input from multiple levels within the firm as well as external sources

A

360-degree feedback method

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12
Q

An informal approach to training that permits an employee to learn job tasks by actually performing them

A

On-the-job-training (OJT)

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13
Q

the key to on-the-job-training is to transfer knowledge from highly skilled and experienced worker to a new employee, while maintaining the productivity of both workers.

A

True

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14
Q

The first step of performance appraisal process involves identifying specific performance goals

A

True

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15
Q

Rapidly changing technology plays a significant role in how training and development programs are delivered to employees

A

True

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16
Q

If organizations consider “Ends” more important than “Means” goal achievement should be a factor in performance appraisal

A

True

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17
Q

T&D is the heart of a continuous effort designed to improve employee competency and organizational performance

A

True

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18
Q

total of all rewards provided to employees in return for their services

A

compensation

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19
Q

pay that a person receives in the form of wages, salary, commissions, and bonuses

A

direct financial compensation

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20
Q

all financial rewards that are not included in direct financial compensation (paid vacation & medical benefits)

A

indirect financial compensation (Benefits)

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21
Q

satisfaction that a person receives from the job itself or from the psychological and or physical environment in which the person works.

A

non-financial compensation

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22
Q

motivation theory that people assess their performance and attitudes by comparing both their contributions and benefits of comparison others whom they select- and who in reality may or may not be like them

A

equity theory

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23
Q

perception of fair pay treatment for employees

A

financial equity

24
Q

equity that exists when a firm’s employees receive pay comparable to workers who perform similar jobs in other firms.

A

external equity

25
Q

equity that exists when employees receive pay according to the relative value of their jobs “within” the same organization

A

internal equtiy

26
Q

equity that exists when individuals performance similar jobs for the same firm receive pay according to factors “unique to the employee”, such as performance level of seniority

A

employee equity

27
Q

equity that is achieved when teams are rewarded based on their group’s productivity

A

team equity

28
Q

“policy” that provides general guidelines for making “compensation” decisions

A

compensation policy

29
Q

organizations that pay higher wages and salaries than competing firms

A

pay leaders

30
Q

average pay that most employers provider for a similar job in a particular area of industry

A

market (going) rate

31
Q

companies that choose to pay below the going rate because of a poor financial condition or a belief that they do not require highly capable employees

A

pay followers

32
Q

potential employees located within the geographic area from which employees are recruited

A

labor market

33
Q

a means of obtaining data regarding what other firms are paying for specific jobs or job classes within a given labor market

A

compensation survey

34
Q

escalator clause in a labor agreement that automatically increases as the US Bureau of labor statistics

A

cost-of-living allowance (COLA)

35
Q

employees categorized as executive, administrative, professional, or outside salespersons

A

exempt employees

36
Q

process that determines the relative value of one job in relation to another

A

job evaluation

37
Q

job evaluation method in which the raters examine the description of each job being evaluated and arrange the jobs in order according to their value to the company

A

job evaluation ranking method

38
Q

job evaluation method in which classes or grades are defined to describe a group of jobs

A

classification method

39
Q

job evaluation method that assumes there are five universal “factors” consisting of mental requirements, skills, physical requirements, responsibilities, and working conditions; the evaluator makes decisions on these factors independently

A

factor comparison method

40
Q

job evaluation method in which the raters assign numerical values to specific job factors, such as knowledge required, and the sum of these values provides a quantitative assessment of a job’s relative worth

A

point method

41
Q

refined version of the point method used by approximately 8,00 public and private-sector organizations worldwide to evaluate clerical, trade, techincal, professional, managerial, and or executive-level jobs

A

Hay Plan- hay group guide chart-profile method

42
Q

placing a dollar value on a job’s worth

A

job pricing

43
Q

grouping of similar jobs to simplify pricing jobs

A

pay grade

44
Q

fitting of plotted points to create a smooth progression between pay grades

A

wage curve (pay curve)

45
Q

minimum and maximum pay rate with enough variance between the two to allow for a significant pay difference

A

pay range

46
Q

compensation technique that collapses many pay grades into a few wide bands to improve organizational effectiveness

A

broadbanding

47
Q

pay increase added to employees’ base pay based on their level of performance

A

merit pay

48
Q

one-time annual financial award, based on productivity that is not added to base pay

A

bonus

49
Q

relatively small monetary gifts provided to employees for outstanding work or effort during a reasonably short period of time.

A

spot bonus

50
Q

incentive plan plan in which employees are paid for each unit they produce

A

piecework

51
Q

system that compensates employees for their job-related skills and knowledge, not for their job titles

A

skill-based pay

52
Q

compensation plan that rewards employees for the capabilities they attain

A

competency-based pay

53
Q

length of time an employee has been associated with the company, division, department, or job.

A

seniority

54
Q

situation that occurs when less experienced employees are paid as much as or more than employees who have been with the organization a long time due to a gradual increase in starting salaries and limited salary adjustment for long-term employees

A

salary compression

55
Q

compensation plans that result in the distribution of a predetermined percentage of the firm’s profits to employees

A

profit sharing

56
Q

plans designed to bind employees to the firm’s productivity and provide an incentive payment based on improved company performance

A

gainsharing