MGMT 101 Lecture Notes - Lecture 20: Santa Barbara City College, Collective Bargaining, Job Sharing
Document Summary
Wages of salaries base pay consist of the basic wage or salary paid to employees in exchange for their labour. It is determined by economic factors e. g. industry, competitors, hazardous and level within organisation. Incentives to induce employees to be more productive or to attract and retain top performers. Benefits additional non-monetary forms of compensation designed to enrich the lives of all employees in the organisation which are paid for completely or in part by the organisation. Job sharing when a job is shared rather than laying off an employee. Promotion moving an employee to a higher level position. Discipline being temporarily removed from one"s job or told to stay away from work. Demoted when one"s current responsibilities pay and perquisites are taken away. Promotion moving an employee to the higher level of position. Dismissal when employment is terminated for a variety of voluntary or involuntary reasons e. g. laid off, downsizing, fired.
