WEEK 8 Flashcards
refers to the total package of rewards
that employees receive for their work, services, and contributions to an organization.
Compensation
involves designing,
implementing, and administering a fair and competitive
rewards system
Compensation Management
This is the fixed amount of money paid determined by
factors such as job responsibilities, experience, and market rates.
Base Salary or Wages
includes bonuses, commissions, profit-sharing, or
performance-based rewards or organizational performance goals
Incentive Pay
This includes health
insurance, retirement plans, paid time off, life and disability
insurance, wellness programs, and other perks
Benefits
such as
employee of the month awards, achievement certificates, or peer
recognition initiatives, acknowledge and reward
Recognition and Rewards
profit-sharing or
stock options,
Variable Pay
evaluating jobs to determine their relative worth within
the organization and establishing fair and equitable pay
structures
Job Evaluation and Pay Equity
- refer to
the non-monetary rewards and perks provided to employees in addition to their base salary or wages. - enhancing the overall
compensation package, supporting employee
well-being, and promoting work-life balance
Benefits
includes medical, dental, and vision plans
to help employees and their families access healthcare services, medications, and preventive care.
Health Insurance
help employees save for their future financial
security. This may include defined contribution plans such as 401(k) or
403(b) plans
Retirement Plans
vacation days, holidays, and sick leave
that employees can use for personal time off or illness without loss of
pay.
Paid Time Off (PTO)
provides financial protection for
employees’ beneficiaries in the event of their death, typically covering a multiple of their salary.
Life and Disability Insurance
employee becomes unable to work due
to a disabling illness or injury.
Disability Insurance
physical and mental
well-being through programs and resources such as gym
memberships, counseling services, smoking cessation
Wellness Programs
such as telecommuting,
flextime, compressed workweeks, or part-time schedules, allow
employees to balance work and personal commitments more
effectively.
Flexible Work Arrangements
ongoing education and
professional development by reimbursing them for eligible
expenses
Tuition Reimbursement
confidential counseling, support, and resources to
employees and their families to help address personal or
work-related challenges, such as stress, mental health
issues
Employee Assistance Programs
RIGHT OF THE EMPLOYEES
- Security of Tenure
- Living Wages
- Weekly Rest Day
- Rest Day and Holiday
- Normal Hours of Work
- Service Incentive Leave
- Right to Self Organization
- Right to Due Process
- Employment of Women
- Employment of Children
- Safe Working Conditions
regular employees can also be
terminated provided it is for valid reasons and pursuing procedural due process.
Security of Tenure
serious misconduct, willful disobedience
of employers’ lawful orders connected with work, gross and
habitual neglect of duty, fraud or willful breach of trust,
commission of crime or offense against the employer
Just Cause
notice to the
employee of intent to dismiss and grounds for dismissal
• Opportunity for the employee to explain his or her side notice of the decision to dismiss.
Due Process
refers to an economic circumstance not due to the employee’s fault, including the introduction of labor-saving devices, redundancy, retrenchment to prevent losses, closure,
or cessation of business.
Authorized Cause
due process means written notice of dismissal to the employee specifying the
grounds, at least _________ before the date of termination.
30 Days
•To ensure a decent standard of living for the workers and
their families, a reasonable living wages should be given
to each worker or employee as a right.
•Wages are reasonable if they meet at least the minimum
wage requirement
Living Wages
refers to any day during which and employee is regularly required to work.
Work Day
refer to all the time an employee renders actual work or is required to be on duty or to be at a prescribed workplace.
Hours of Work
The normal hours of work in a day is ________ including breaks or rest periods of less than one hour, but excludes meal periods, which shall not be less than one hour.
8 Hours
A day-off of 24 consecutive hours after 6 days of work
should be scheduled by the employer upon consultation with the workers.
Weekly Rest Day
• Aside from rest days, the employees can enjoy time off
during holidays either regular or special.
• Any work performed during rest days and holidays shall be
compensable.
Rest Day and Holiday
An employee is required to work for eight (8) hours
every day which period is considered compensable work hours.
Normal Hours of Work
Every employee who has rendered service for at least one year in a company shall be entitled to a Service Incentive leave with
pay.
Service Incentive Leave
the workers
are given the right to organize themselves into a
so-called labor union wherein the voice of the workers may be heard by the employers.
Right to Self - Organization
a process between two parties, namely the employer and the union, where the terms and conditions of employment are fixed and agreed upon.
Collective Bargaining
This simply means the right to be heard or to be given a fair and reasonable opportunity to
explain one’s side in cases of infraction of the law.
Right to Due Process
•Night work prohibition unless allowed by the Rules:
•in industrial undertakings from 10PM to 6 AM in
commercial/non-industrial undertakings from 12MN
to 6 AM
l•in agricultural undertakings, at night time unless given not less than 9 consecutive hours of rest
Employment of Women
•Minimum employable age is 15 years.
•A worker below 15 years of age should be directly
under the sole responsibility of parents or guardians; work does not interfere with the child’s schooling/normal development.
•No person below 18 years of age can be employed in a
hazardous or deleterious undertaking.
Employment of Children
provide workers with every kind of on-the-job
protection against injury, sickness or death through safe and healthful working conditions.
Safe Working Conditions
are those that expose the employee to
dangerous environmental elements
Hazardous Job
