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Study sets matching "pay grade"

16 terms
Chapter 11 Pay Structure
Pay Structure
Pay level
Job Structure
Equal employment opportubity
Collection of pay rates or pay ranges. Structure setting and…
The average amount (including wages, salaries, and bonuses) t…
The pay policy resulting from job structure and pay level dec…
Agency of the Department of Justice charged with enforcing Ti…
Pay Structure
Collection of pay rates or pay ranges. Structure setting and…
Pay level
The average amount (including wages, salaries, and bonuses) t…
19 terms
Chapter 8: Strategic Pay
Total employment rewards
External equity
Internal equity
Pay equity
An integrated package of all rewards (monetary and non moneta…
Employees perceive their pay as fair, given pay rates in othe…
Employees perceive their pay as fair, given the pay rates of…
Providing equal pay to male dominated and female dominated jo…
Total employment rewards
An integrated package of all rewards (monetary and non moneta…
External equity
Employees perceive their pay as fair, given pay rates in othe…
10 terms
El pais de Peru
el país
el estado
el continente
el mapa
country
state
continent
map
el país
country
el estado
state
20 terms
PAYS D'EUROPE
la France
l'angleterre
l'allemagne
l'espagne
France
England
germany
spain
la France
France
l'angleterre
England
32 terms
Pay Structures Chapter 8
Pay Structures
Pay Grades
Pay Range
Midpoint Pay Value
represents pay rate differences among jobs with unequal worth…
grouping jobs for pay policy application; based off of simila…
a span of possible pay rates for each pay grade; includes mid…
halfway mark between min. and max. pay rates; represents the…
Pay Structures
represents pay rate differences among jobs with unequal worth…
Pay Grades
grouping jobs for pay policy application; based off of simila…
36 terms
MGMT 2103 CH. 16 - Pay Structure Decisions
internal factors
external factors
employer's compensation strategy
worth of a job
factors that affect pay mix; compensation strategy of organiz…
factors that affect pay mix; conditions of the labor market,…
establishes the internal wage relationship among job and skil…
establishing the internal wage relationship among job and ski…
internal factors
factors that affect pay mix; compensation strategy of organiz…
external factors
factors that affect pay mix; conditions of the labor market,…
14 terms
Les pays francophones
le Sénégal
le drapeau du Sénégal
la Tunisie
le drapeau de la Tunisie
Senegal
the flag
Tunisia
drapeau
le Sénégal
Senegal
le drapeau du Sénégal
the flag
12 terms
Who to pay/How to pay
il/la barista
il cameriere
la cameriera
il conto
bar attendant
waiter
waitress
check
il/la barista
bar attendant
il cameriere
waiter
10 terms
Establishing Pay structures
competitive pay policies: above market
competitive pay policies: middle market
competitive pay policies: below market
Pay grades
pay leaders. paying for higher qualified, more productive wor…
attempting to balance of employer cost and need to attract an…
pay followers. paying all that the firm can afford. pay below…
a grouping of individual jobs having approximately the same j…
competitive pay policies: above market
pay leaders. paying for higher qualified, more productive wor…
competitive pay policies: middle market
attempting to balance of employer cost and need to attract an…
Establishing a Pay Structure
Job Structure
Pay Structure
Benchmarking
Pay Policy Line
Relative pay for different jobs within the org.
Pay policy resulting from job structure and pay level decisions
Procedure in which an org. compares its own practices against…
A graphed line showing the relationship between job eval poin…
Job Structure
Relative pay for different jobs within the org.
Pay Structure
Pay policy resulting from job structure and pay level decisions
35 terms
Chapter 11: Pay Structure Decisions
Employer's View
Employee's View
Labor Costs
Developing Pay Levels
-Pay is critical in attaining strategic goals... -Pay impacts em…
-Policies regarding wages, salaries and other earnings affect…
Two Components of Labor Cost... 1. Average cost per employee: wa…
-Pay Structure... -Pay Level... -Job Structure... -Pay Policies
Employer's View
-Pay is critical in attaining strategic goals... -Pay impacts em…
Employee's View
-Policies regarding wages, salaries and other earnings affect…
20 terms
French 1 les pays
les États-Unis
le Mexique
l'Espagne (f)
l'Allemagne (f)
les États-Unis
le Mexique
64 terms
Pays du monde
l'Angleterre
l'Allemagne
l'Arabie saoudite
l'Argentine
l'Angleterre
l'Allemagne
17 terms
Establishing a Pay Structure
Job Structure
Pay level
Pay Structure
Minimum Wage
The relative pay for different jobs within the organization.…
The average amount (including wages, salaries, and bonuses) t…
The pay policy resulting from job structure and pay-level dec…
The lowest amount that employers may pay under federal or sta…
Job Structure
The relative pay for different jobs within the organization.…
Pay level
The average amount (including wages, salaries, and bonuses) t…
47 terms
VOC les pays les nationalités
pays
tu es de quelle nationalité?
nationalités
drapeaux
countries
what is your nationality
nationalities
flags
pays
countries
tu es de quelle nationalité?
what is your nationality
23 terms
Chapter 11: Strategic Pay Plans
Employee compensations
Direct financial payments
Indirect financial payment
Pay equity
All forms of pay or rewards going to employees and arising fr…
Pay in the form of wages, salaries, incentives, commissions,…
Pay in the form of financial benefits such as insurance
Providing equal pay to male-dominated job classes and female-…
Employee compensations
All forms of pay or rewards going to employees and arising fr…
Direct financial payments
Pay in the form of wages, salaries, incentives, commissions,…
29 terms
MPO: Pay Structure Decisions
External equity pay comparisons-
Internal equity comparisons-
Market pay surveys-
Key jobs-
what employees in other organizations are paid for doing in t…
focus on what employees within the same organization, but in…
use BENCHMARKING, a procedure in which an organization compar…
have relatively stable content, and are common to many organi…
External equity pay comparisons-
what employees in other organizations are paid for doing in t…
Internal equity comparisons-
focus on what employees within the same organization, but in…
45 terms
Les pays et les régions francophones (French-speaking countries and regions)
la France
la Suisse
la Belgique
le Luxembourg
France
Switzerland
Belgium
Luxemburg
la France
France
la Suisse
Switzerland
12 terms
Chapter 8 Designing Pay Levels, Mix, and Pay Structures
7 Major Decisions of Setting External…
Survey
Adjust Pay Level
Adjust Pay Mix
1. Specify the employer's competitive pay policy... 2. Define th…
The systematic process of collecting and making judgments abo…
Overall movement of pay rates caused by competition in the ma…
Adjusting the different forms of pay competitors use (base, b…
7 Major Decisions of Setting External…
1. Specify the employer's competitive pay policy... 2. Define th…
Survey
The systematic process of collecting and making judgments abo…
29 terms
Les pays Francophones-Les Drapeaux
Belgique
Bénin
Burkina Faso
Burundi
Belgique
Bénin
18 terms
Chapter 11- Establishing a pay structure
Job Structure
Pay Level
Pay structure
Minimum wage
The relative pay for different jobs within the organization.
The average amount (including wages, salaries, and bonuses) t…
The pay policy resulting from job structure and pay-level dec…
The lowest amount that employers may pay under federal or sta…
Job Structure
The relative pay for different jobs within the organization.
Pay Level
The average amount (including wages, salaries, and bonuses) t…
18 terms
Chapter 12 - Establishing a Pay Structure
Job Structure
Pay Level
Pay Structure
Minimum Wage
The relative pay for different jobs within the organization
The average amount (including wages, salaries and bonuses) th…
The pay policy resulting from job structure and pay-level dec…
The lowest amount that employers must pay under federal or st…
Job Structure
The relative pay for different jobs within the organization
Pay Level
The average amount (including wages, salaries and bonuses) th…
18 terms
Chapter 12: Establishing a Pay Structure
Job Structure
Pay Level
Pay Structure
Minimum Wage
the relative pay for different jobs within the organization
the average amount the organization pays for a particular job…
the pay policy resulting from job structure and pay-level dec…
the lowest amount that employers may pay under federal or sta…
Job Structure
the relative pay for different jobs within the organization
Pay Level
the average amount the organization pays for a particular job…
37 terms
Sydnee Buchanan: les pays et les adjectifs francophones
la France
la Belgique
le Luxembourg
la Suisse
France
Belgium
Luxembourg
Switzerland
la France
France
la Belgique
Belgium
43 terms
pay structure decisions
types of compensation
pay levels
efficiency wage theory
2 components of labor costs
wages - nonexempt... salaries - exempt... base pay... benefits... incenti…
-discretionary and is based on broad range... -organization comp…
wages influence worker productivity
1.avg cost per employee +... 2. staffing level
types of compensation
wages - nonexempt... salaries - exempt... base pay... benefits... incenti…
pay levels
-discretionary and is based on broad range... -organization comp…
20 terms
Chapter 11: Pay Structure Decisions
Pay Structure
Pay Level
Job Structure
Efficiency Wage Theory
The relative pay of different jobs (job structure) and how mu…
The average pay, including wages, salaries, and bonuses, of j…
The relative pay of jobs in an organization
A theory stating that wages influence worker productivity
Pay Structure
The relative pay of different jobs (job structure) and how mu…
Pay Level
The average pay, including wages, salaries, and bonuses, of j…
20 terms
Chapter 11: Pay Structure Decisions
Pay Structure
Pay Level
Job Structure
Efficiency Wages Theory
The relative pay of different jobs (job structure) and how mu…
The average pay, including wages, salaries, and bonuses, of j…
The relative pay of jobs in an organization.
A theory stating that wages influence worker productivity.
Pay Structure
The relative pay of different jobs (job structure) and how mu…
Pay Level
The average pay, including wages, salaries, and bonuses, of j…
26 terms
Chapter 11 Establishing a Pay Strucyure
Job Structure
Pay Level
Pay Structure
Issues in developing a Pat Structure
The relative oay for different job within the organization
The average amount an organization pay for a particular job
The pay policy resulting from job structure and pay level dec…
...
Job Structure
The relative oay for different job within the organization
Pay Level
The average amount an organization pay for a particular job
Strategic Pay Plans 11
Total Employment Rewards
Monetary ( Extrinsic)... Employment Rewards
Non-Monetary ( Intrinsic) Employment R…
Total Awards Approach
an integrated package of all rewards gained by employees aris…
compensation: cash or benefits
personal growth and interpersonal rewards
rewards are part of integrated whole both intrinsic and extri…
Total Employment Rewards
an integrated package of all rewards gained by employees aris…
Monetary ( Extrinsic)... Employment Rewards
compensation: cash or benefits
27 terms
Navy Pay
As a sailor, what action must you take…
Pay you get for certain types of duty…
The pay you get that's based on your p…
You are getting a selective reenlistme…
Open a savings or checking account
Incentive Pay
Basic Pay
Special Pay
As a sailor, what action must you take…
Open a savings or checking account
Pay you get for certain types of duty…
Incentive Pay
Chapter 8 Strategic Pay Plans
Monetary (Extrinsic) Rewards
Non-Monetary (Intrinsic) Rewards
Total Employment Rewards
The 5 Components of Total Rewards
Cash payments and benefits
Personal growth and interpersonal rewards
- Rewards are part of integrated whole... - Aligns rewards with…
Compensation... Benefits... Work-life Programs... Performance and Reco…
Monetary (Extrinsic) Rewards
Cash payments and benefits
Non-Monetary (Intrinsic) Rewards
Personal growth and interpersonal rewards
21 terms
Chapter 11: Strategic Pay Plans
Benchmark Job
Broadbanding
Classes
Classification Method (Grading Method)
A job that is critical to the firm's operations or commonly f…
Reducing the number of salary grades and ranges into just a f…
Groups of jobs based on a set of rules for each category, suc…
A method of categorizing jobs into groups.
Benchmark Job
A job that is critical to the firm's operations or commonly f…
Broadbanding
Reducing the number of salary grades and ranges into just a f…
31 terms
MGMT pay structure decisions
internal factors
compensation strategy
worth of job
employee's relative worth
compensation strategy, worth of job, employee's relative wort…
-establishes the internal wage relationship among job and ski…
establishing the internal wage relationship among job and ski…
rewarding individual employee performace
internal factors
compensation strategy, worth of job, employee's relative wort…
compensation strategy
-establishes the internal wage relationship among job and ski…
18 terms
Chapter 11: Strategic Pay Plans
total employment rewards
external equity
internal equity
job evaluation
an integrated package of all rewards (monetary and non-moneta…
employee perceives their pay as fair given the pay rates in o…
employee perceives their pay as fair given the pay rates of o…
a systematic comparison to determine the relative worth of jo…
total employment rewards
an integrated package of all rewards (monetary and non-moneta…
external equity
employee perceives their pay as fair given the pay rates in o…
25 terms
Chapter 16: PAY STRUCTURE DECISIONS
Internal Factors Compensation strategy…
Internal Worth of Job
Internal Employee's relative worth
Internal Employer's ability to pay
1. Establishes the internal wage relationship among jobs and…
1. Establishing the internal wage relationship among jobs and…
1. Rewarding individual employee performance
1. Having the resources and profits to pay employees
Internal Factors Compensation strategy…
1. Establishes the internal wage relationship among jobs and…
Internal Worth of Job
1. Establishing the internal wage relationship among jobs and…
18 terms
Chapter 11 - Establishing a Pay Structure
job structure
pay level
pay structure
minimum wage
the relative pay for different jobs within the organization
the average amount (including wages, salaries, and bonuses) t…
the pay policy resulting from job structure and pay level dec…
the lowest amount that employers must pay under federal or st…
job structure
the relative pay for different jobs within the organization
pay level
the average amount (including wages, salaries, and bonuses) t…
21 terms
Chapter 12: Establishing a Pay Structure
Job Structure
Pay Level
Pay Structure
Minimum Wage
the relative pay for different jobs within the organization
the average amount (including wages, salaries, and bonuses) t…
the pay policy resulting from job structure and pay-level dec…
the lowest amount that employers may pay under federal or sta…
Job Structure
the relative pay for different jobs within the organization
Pay Level
the average amount (including wages, salaries, and bonuses) t…
10 terms
Pend-, hang, weigh, pay
appendix
dependent
expenditure
impending
a collection of supplementary material that usually "hangs" a…
relying on someone else for aid; weighing down on someone else
an expense; the amount needing to be paid out
about to occur; to threaten something to happen; to weigh dow…
appendix
a collection of supplementary material that usually "hangs" a…
dependent
relying on someone else for aid; weighing down on someone else
10 terms
Pend= hang, weigh, pay
appendix
dependant
expenditure
impending
a collection of supplementary material that usually hangs at…
relying on someone for aid or support; weighing down on someo…
an expense; the amount needed to be paid out
about to occur; to threaten; to weigh down upon someone
appendix
a collection of supplementary material that usually hangs at…
dependant
relying on someone for aid or support; weighing down on someo…
19 terms
381 Chapter 11: Strategic Pay Plans
Total Employment Rewards
External Equity
Internal Equity
Job Evaluation
An integrated package of all rewards (monetary and non-moneta…
Employees perceives his or her pay as fair given the pay rate…
Employees perceives his or her pay as fair given the pay rate…
A systematic comparison to determine the relative worth of jo…
Total Employment Rewards
An integrated package of all rewards (monetary and non-moneta…
External Equity
Employees perceives his or her pay as fair given the pay rate…
25 terms
ch 12 establishing a pay structure
job structure
pay level
pay structure
comparable worth
the relative pay for different jobs within the organization
the average amount (including wages, salaries and bonuses) th…
the pay policy resulting from job structure and pay level dec…
policy uses job evaluation to establish the worth of an organ…
job structure
the relative pay for different jobs within the organization
pay level
the average amount (including wages, salaries and bonuses) th…
18 terms
Ch 7 - Establishing a Pay Structure
benchmarking
job structure
pay level
pay structure
A procedure in which an organization compares its own practic…
the relative pay for different jobs within the organization
the average amount (including wages, salaries, and bonuses) t…
the pay policy resulting from job structure and pay-level dec…
benchmarking
A procedure in which an organization compares its own practic…
job structure
the relative pay for different jobs within the organization
28 terms
Chapter 16: Pay Structure Decisions
compensation components
labor cost
efficiency wage theory
pay structure
-direct: wages & salary... ex: Finance... -indirect: benefits... ex: P…
average cost per employee + staffing level... 5 employees at $1…
wage influences worker productivity
relative pay of different jobs (job structure:: salary grades…
compensation components
-direct: wages & salary... ex: Finance... -indirect: benefits... ex: P…
labor cost
average cost per employee + staffing level... 5 employees at $1…
MGMT Chapter 12: Establishing Pay Structure
Job Structure
Pay Level
Pay Structure
Minimum Wage
The relative pay for different jobs within the organization
The average amount (including wages, salaries, and bonuses) t…
The pay policy resulting from job structure and pay-level dec…
The lowest amount that employers may pay under federal or sta…
Job Structure
The relative pay for different jobs within the organization
Pay Level
The average amount (including wages, salaries, and bonuses) t…
10 terms
Pend = Hang, Weigh, Pay
appendix
dependent
expenditure
impending
a collection of supplementary material that usually "hangs" a…
relying on someone else for aid or support; weighing down on…
an expense; the amount needed to be paid out
about to occur; to threaten to happen; to weight down upon so…
appendix
a collection of supplementary material that usually "hangs" a…
dependent
relying on someone else for aid or support; weighing down on…
29 terms
HRM Chapter 11 Strategic Pay Plans
employee compensation
direct financial payments
indirect financial payments
aligned reward strategy
all forms of pay or rewards going to employees and arising fr…
pay in the form of wages, salaries, incentives, commissions,…
pay in the form of financial benefits such as insurance
creating a compensation package (including wages, incentives,…
employee compensation
all forms of pay or rewards going to employees and arising fr…
direct financial payments
pay in the form of wages, salaries, incentives, commissions,…
26 terms
Chapter 11 - Establishing a Pay Structure
Compensation
Pay is Set Relative to Three Groups
External Factors
Internal Factors
Most important ways that an organization attracts, retain, an…
First Group - Those doing the same jobs in different org. Sec…
Government Regulation - FLSA and EEIK that forbid setting pay…
Financial Condition, The Strategy of the Org., The Structure…
Compensation
Most important ways that an organization attracts, retain, an…
Pay is Set Relative to Three Groups
First Group - Those doing the same jobs in different org. Sec…
18 terms
Chapter 12 - Establishing a Pay Structure
Job Structure
Pay Level
Pay Structure
Minimum Wage
The relative pay for different jobs within the organization.
The average amount (including wages, salaries, and bonuses) t…
The pay policy resulting from job structure and pay-level dec…
The lowest amount that employers may pay under federal or sta…
Job Structure
The relative pay for different jobs within the organization.
Pay Level
The average amount (including wages, salaries, and bonuses) t…
20 terms
Chapter 12: Establishing a Pay Structure
Job Structure
Pay Level
Pay Structure
Minimum Wage
The relative pay for different jobs within the organization
The average amount (including wages, salaries, and bonuses)…
The *pay policy resulting from job structure and pay-level de…
The lowest amount that employers may pay under federal or sta…
Job Structure
The relative pay for different jobs within the organization
Pay Level
The average amount (including wages, salaries, and bonuses)…
27 terms
Chapter 11: Establishing Strategic Pay Plans
Employee Compensation
Direct Financial Payments
Indirect financial payments
Davis-Bacon Act (1931)
All forms of pay or rewards going to employees and arising fr…
Pay in the form of wages, salaries, incentives, commissions,…
Pay in the form of financial benefits such as insurance
A law that sets wage rates for laborers employed by contracto…
Employee Compensation
All forms of pay or rewards going to employees and arising fr…
Direct Financial Payments
Pay in the form of wages, salaries, incentives, commissions,…
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