Textbook Notes (368,440)
Canada (161,878)
BUS 272 (246)
Chapter 5

BUS 272 Chapter 5 Vocab.docx

2 Pages
68 Views
Unlock Document

Department
Business Administration
Course
BUS 272
Professor
Zorana Svedic
Semester
Summer

Description
BUS 272: Chapter 5 Vocab 1) Variable-pay programs (pg 174) – a reward program in which a portion of an employee’s pay is based on some individual and/or organizational measure of performance 2) Piece-rate pay plan (pg 174) – an individual based incentive plan in which employees are paid a fixed sum for each unit of production completed 3) Merit-based pay plan (pg 175) – an individual-based incentive plan based on performance appraisal ratings 4) Bonus (pg 175) – an individual-based incentive plan that rewards employees for recent performance rather than historical performance 5) Skill-based pay (pg 176) – an individual based incentive plan that sets pay levels on the basis of how many skills employees have or how many jobs they can do 6) Gainsharing (pg 177) – a group-based incentive plan in which improvements in group productivity determine the total amount of money to be shared 7) Profit-sharing Plan (pg 178) – an organization-wide inventive plan in which the mployer shares profits with employees based on a predetermined formula 8) Employee stock ownership plan (ESOP) (pg 178) – a company-established benefit plan in which employees acquire stock as part of their benefits 9) Flexible Benefits (pg 181) – a benefits plan that allows each employee to put together a benefits package individually tailored to his or her own needs and situation 10) Job design (pg 185) – the way the elements in a job are organized 11) Job characteristics model (JCM) (pg 185) – a model that proposes that any job can be described in terms of five core job dimensions: skill variety, task identity, task significance, autonomy and feedback 12) Skill Variety (pg 185) – the degree to which the job requires a variety of different activities 13) Task Identity (pg 186) – the degree to which the job requires completion
More Less

Related notes for BUS 272

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit