SCLT 2362 Lecture Notes - Lecture 9: Scatter Plot, Civil Rights Act Of 1964, Fair Labor Standards Act
22 Mar 2017
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Document Summary
A standard by which managers tie compensation to employee effort and performance. Distributive fairness: motivation theory that explains how people respond to situations in which they feel they have received less/more than they deserve. Pay equity: an employee"s perception that compensation received is equal to the value of the work performed. External equity: what others making in different org. Internal equity: compare to peers in different jobs in same org. Individual equity: compare to in org with same job. Nonexempt employees: covered by the overtime provisions of fair labor standards. Internal wage relationship among jobs and skill levels. Job evaluation: done by org with formal compensation programs. Job"s value based on total value to org. Employees tend to be rewarded just for being present. Unions can prevent employers from lowering rates. Can be obtained from local wage surveys. Provide external pay equity between surveying org and others competing for labor.
