ADM 1100 Lecture 8: Chapter 8 Hr management Review Key

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Hr management: the function of attracting developing and retaining employees who can perform the activities needed to meet organizational objectives. Performance appraisals :evaluation of and feedback on an employee"s job performance. 360 degree performance review( co-workers, supervisors, team members, subordinates, customers) Compensation: the amount employees are paid in money and benefits. Competing companies are paying, government regulation, the cost of living, company profit, employee"s productivity. ) Gain sharing bonus based on productivity gains, cost savings or quaintly improvement. Lump-sum bonus one-time cash payment or option to buy shares of company stock based on performance. Pay for knowledge): salary increase based on learning new job tasks. Employee benefits: additional compensation- paid entirely or in part by the company. (vacation time, retirement savings plans, profit-sharing, health insurance, gym memberships, child and elder care, and tuition reimbursement . Flexible work allow employee adjust their working time and place. Flextime allows employees to set their own work hours within constraints specified by the firm.

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