HR Study Guide CH12

Card Set Information

Author:
miv
ID:
84587
Filename:
HR Study Guide CH12
Updated:
2011-05-08 19:08:51
Tags:
KCC HRM CH12
Folders:

Description:
KCC HRM CH12
Show Answers:

Home > Flashcards > Print Preview

The flashcards below were created by user miv on FreezingBlue Flashcards. What would you like to do?


  1. variable pay
    Compensation linked to individual, group/team, and/or organizational performance.
  2. Categories of Variable Pay Plans
  3. Successful Variable Pay Plans
  4. Why Variable Pay Plans Fail
  5. Developing Successful Incentive Plans
  6. Categories of Variable Pay Plans
  7. straight piece-rate system
    Per system in which wages are determined by multiplying the number of units produced by the piece rate for one unit.
  8. Purposes of Special Incentives
  9. Design of Group/Team Incentive Plans
  10. Conditions for Successful Group/Team Incentives
  11. bonus
    One-time payment that does not become part of the employee's base pay.
  12. gainsharing
    System of sharing with employees greater-than-expected gains in profits and/or productivity.
  13. profit sharing
    System to distribute a portion of the profits of an organization to employees.
  14. stock option plan
    Plan that gives employees the right to purchase a fixed number of shares of company stock at a specified price for a limited period of time.
  15. employee stock ownership plan (ESOP)
    Plan designed to give employees significant stock ownership in their employers.
  16. commission
    Compensation computed as a percentage of sales in units or dollars.
  17. draw
    Amount advanced against and repaid from, future commissions earned by the employee.
  18. perquisites (perks)
    Special benefits-usually noncash items-for executives.
  19. compensation committee
    Subgroup of the board of directors that is composed of directors who are not officers of the firm.

What would you like to do?

Home > Flashcards > Print Preview