Management and Organizational Studies 3342A/B Study Guide - Midterm Guide: Unemployment Benefits, Financial Plan, Telecommuting

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 3342A/B
• Professor: Gail Robertson

Document Summary

Cost-of-living adjustments: incentives, merit increments, relational returns, allowance s. Which of the following refers to pay calculated at an hourly rate: sala ry, wage, merit increase. 15. compensat ion: total cash benefit, total base pay, total reward, total incentive. Financial planning: insuranc e, pensions, allowance s, stock options. Variabl e pay: incentive, cost-of-living adjustment, allowanc e, wage. Insuran ce: allowance s, recognition and status, monitory incentives, benefits. Internal alignment may be achieved by: creation of cross- functional departments: matching competitors" wage rates, paying below-market base wages but offering training and rapid promotion, compensating employees at above-market rates. 25: comparing pay between jobs or skill levels inside a single organization. Pay for executives is supposed to be tied to the: the company"s financial performance: the company"s reputation, the financial needs of the employee, the company"s growth potential, the cost of living index.