Personal satisfactions one derives from doing the job. Also known as job enrichment
What are extrinsic rewards?
Money, promotions, and benefits
What are financial rewards?
Wages, bonuses, or profit sharing or indirectly, through employer-subsidized benefits such as retirement plans, paid vacations, paid sick leave, and purchase discounts
What are nonfinancial rewards?
Quote "ones persons food is another persons poison"
Non financial rewards are different for each individual
E.G. Status conscious: plush office, a carpeted floor, a large desk, or signed artwork.
Status oriented: title, business cards, administrative assistant, parking spot.
What are exempt employees in relation to fair labor standards act (FLSA)
Professional and managerial jobs are not required to meet FLSA standards, especially in the area of overtime pay.
What are nonexempt employees?
They receive certain protections under the FLSA. Eligible for premium pay-typically time and a half for people who work 40 hours a week. Paid at least minimum wage except for tipped employees.
What is flexible spending accounts?
Permit employees to set aside money to pay for medical expenses not covered by insurance. By placing a specified amount into a spending account, the employee can pay these services with monies not included in W-2 income, which can result in lower federal, state, and SS tax rates and increase individual spending income.
What is performance based rewards?
Use commissions, piecework pay plans, incentive systems, group bonuses, merit pay, or other forms of pay for performance.
Only a minor determinant of rewards, despite academic theories holding that high motivation depends on performance.
What are membership based rewards?
Cost of living increases, benefits, and salary increases attributable to labor-market conditions, seniority or time in rank, credentials, a specialized skill, or future potential.
Are generally extended regardless of an individuals, groups, or organizations performance
How do you avoid workplace violence?
1. Develop a plan to deal with the issue.
2. Sound HRM practices.
3. Train supervisory personnel to identify trouble led employees before problems escalate to violence.(EAP)
4. Implement stronger security mechanisms.
What is the Wagner act?
Bill of rights for unions. Guarantees workers the right to organize and join unions, bargain collectively, strike, and pursue activities that support their objectives.
• Why should employers train managers to conduct performance appraisals
What factors distort performance appraisals?
1. Leniency Error
2. Halo/Horns Error
3. Similarity Error
4. Central Tendency
5. Inflationary Pressures
6. Inappropriate Substitutes
7. Attribution Theory
Equal Pay Act
compensate men and women doing the same job in the organization with the same rate of pay.
What is the Fair Labor Standards Act?
established laws outlining minimum wage, overtime pay, record keeping, child labor restrictions, and maximum hour requirements for most U.S. workers.
What are the different performance evaluation techniques