Test

Question 1

Merit pay

Answer 1

Increases in base pay to how highly employees are rated on performance evaluation

Question 2

Merit bonuses

Answer 2

Differ from merit pay in that employees receive an end of year bonus that does not build Into base pay

Question 3

Spot awards

Answer 3

Are given for exceptional performance often on Special projects or for performance exceeding expectation

Question 4

Individual incentive plans

Answer 4

Offer a promise of pay for some objective or pre established level of performance

Question 5

group incentive plans

Answer 5

The established standard measures team performance to determine the magnitude of the incentive pay

Question 6

Scanlon plan

Answer 6

Incentives derived as a function of the ratio between labor costs and scales value of production (svop)

Question 7

Rucker plan

Answer 7

A ratio is calculated expressing the value of production required for each dollar of the total wage bill
The incentives to a variety of savings
Mornelinkable with individual incentive plans

Question 8

Improshare

Answer 8

Improved productivity through sharing, is easier to administer and to communicate

Question 9

Earnings at risk

Answer 9

Designed to enhance performance in part by creating base wage dissatisfaction that in Tun triggers greater efforts directed toward performance behaviors rewarded with incentive pay

Success sharing: employee base wages are constant and variable pay adds on a predetermined amount in successful years
If the company does poorly

Question 10

Long term incentives

Answer 10

Focus on performance beyond one year

Question 11

Broad based option plans

Answer 11

Stock grants with a firm giving employees shares of stock over a designated time period

Question 12

Self funding plan

Answer 12

Triggers specific payouts only after the company reaches a certain profit target

Question 13

Criterion deficient

Answer 13

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Question 14

Ranking formats

Answer 14

Rater compares employees determining the relative ordering of the group on some performance measure

Question 15

Alternation ranking

Answer 15

Rater start with the best and worst employee

Question 16

Paired comparison ranking

Answer 16

Compares each individual to all others

Question 17

The standard rating scale

Answer 17

Uses adjectives to anchor the continuum

Question 18

Behaviorally anchored rating scales

Answer 18

BARS are the most common format when behaviors are anchors. Firms home bars format makes evaluations less subjective …eaters calculate performance as a weighted average

Question 19

Management by objectives

Answer 19

MBO when outcomes are the standard … each level has objectives which support organizational goals , performance rating depends o. How well objectives were met

Question 20

360 degree feedback

Answer 20

Rare in appraisals or pay decisions

Question 21

Criterion contamination

Answer 21

Occurs in every company and every job . Eaters are influenced by appearance, sex, race

Question 22

Rater error training

Answer 22

Reduces psychometric errors by familiarizing eaters with their existence

Question 23

Performance dimension training

Answer 23

Exposes supervisors to the performance dimensions used in the ratings

Question 24

Performance standard training

Answer 24

Provides a standard of comparison or crime of reference for making appraisals