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Human Resources 12 and 13 | MGMT 3810 - Human Resources Management, Quizzes of Human Resource Management

Class: MGMT 3810 - Human Resources Management; Subject: Management (MTSU & RODP); University: Middle Tennessee State University; Term: Spring Term 2011;

Typology: Quizzes

2010/2011

Uploaded on 04/04/2011

hullander70479
hullander70479 🇺🇸

11 documents

Partial preview of the text

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Financial Incentives

Rewards paid to workers whose production exceeds some

predetermined standard

TERM 2

Fair Day's

Work

DEFINITION 2

Output devised based on careful scientific analysis

TERM 3

Scientific Management

DEFINITION 3

Management approach based on improvising work methods

through observation and analysis

TERM 4

Expectancy

DEFINITION 4

expectation that a person's effort will lead to better

performance

TERM 5

Instrumentality

DEFINITION 5

Perceived relationships between successful performance and

obtaining the reward

Valence

perceived value a person attaches to a reward

TERM 7

Behavior

Modification

DEFINITION 7

Using contingent rewards or punishment to change behavior

TERM 8

Variable Pay

DEFINITION 8

Any plan that ties pay to productivity or profitability usually

as one lump sum payments

TERM 9

Piecework

DEFINITION 9

A system of pay based on the number of items processed by

each individual worker

TERM 10

Straight Piecework

DEFINITION 10

An incentive plan that pays an employee for how many of

each item he or she sells with a strict proportionality

between results and rewards

Scanlon Plan

Incentive plan made by Joseph Scanlon designed to

encourage cooperation and sharing of benefits

TERM 17

Gain Sharing Plan

DEFINITION 17

Engages employees in a common effort to achieve

productivity objectives and share the gains

TERM 18

At risk variable Pay plan

DEFINITION 18

Plans that put some portion of the employees weekly pay at

risk

TERM 19

Annual Bonus

DEFINITION 19

Plans that are designed to motivate short term performance

TERM 20

Stock Option

DEFINITION 20

The right to purchase a stated number of shares of a

company's stock at today's price.

Golden Parachutes

Payments companies make in connection with a change in

ownership or control of a company

TERM 22

Benefits

DEFINITION 22

Indirect financial and non financial payments employees

receive for staying with a certain company

TERM 23

Supplemental Pay

Benefits

DEFINITION 23

Benefits for time not worked such as unemployment

insurance

TERM 24

Sick Leave

DEFINITION 24

Provides money to employee when out sick

TERM 25

Severance Pay

DEFINITION 25

A one time payment some employers pay when employee is

terminated

Group Life

Insurance

Provides lower rates for the employer or employee

regardless of health or physical condition

TERM 32

Social Security

DEFINITION 32

Provides different kinds of benefits Retirement income at age

62, Survivor or death benefits, and payment to disable

employees

TERM 33

Pension Plans

DEFINITION 33

Plans that provide a fixed sum when employees reach a

predetermined retirement age

TERM 34

Defined Benefit PensionPlan

DEFINITION 34

Contains formula for determining retirement benefits

TERM 35

Early Retirement Plan

DEFINITION 35

Offering where employees are encouraged to retire early

Employee Assistance Program

A formal employer program for providing employees with

counseling for drugs, alcohol, and depression

TERM 37

Family-Friendly

Benefits

DEFINITION 37

Benefits such as child care and fitness facilities that make it

easier to balance work and family

TERM 38

Flextime

DEFINITION 38

A work schedule in which employees workdays are built

around a care of mid day hours

TERM 39

Compressed workweek

DEFINITION 39

Schedule in which employees works fewer but longer days

each week

TERM 40

Job Sharing

DEFINITION 40

Allows two or more people to share a full time job