Flashcards
HR final
Cards in this deck (19)
- 1Performance ManagementAn ongoing process between a supervisor and an employee occurring throughout the year. PM is used in support of accomplishing the strategic objectives of the organization.
Cycle:
1. Planning 2. Checking-in 3. Reviewing - 2Graphic Rating ScaleA performance appraisal method that lists traits and a range of performance for each trait.
- 3Critical incident appraisalthis appraisal method focuses the rater's attention on critical or 'key' behaviors.
--that make the difference between doing a good job or doing it ineffectively. - 4Halo affect (error)The tendency to allow our assessment of a person on one trait, influence our evaluation of that person's other specific traits.
- 5Central Tendency-The tendency of a rater to give average ratings.
-straying away from using the two extremes
ex: Outstanding, and Unacceptable - 6Intrinsic Rewards (and examples)Personal satisfaction one gets from doing their job. These are 'self-induced' rewards:
i.e.
- pride in one's work
- sense of accomplishment
- enjoying being part of a work team - 7Performance-based financial rewardsPerformance-based rewards use:
- commissions,
-pay plans,
-inventive systems,
-group bonuses,
-merit pay,
--or other forms of pay for performance. - 8Job Evaluationa process for determining relative worth of all jobs in the organization.
Methods for this include:
- Ordering/Ranking: each job is compared to every other job.
- Classification - 9*Fair Labor Standards Act* (with major provisions)- Passed in 1938***
- this act established laws outlining:
1. minimum wage
2. overtime pay
3. MAX hour requirements
--for most U.S. workers. - 10Exempt vs. Non-Exempt employee1. Exempt:
-employees in positions that are exempt from most employee protection outlines in the FLSA. (ex: business men)
2. Non-Exempt:
- employees who are covered by the FLSA, including: over-time pay & min. wage provisions. (ex: waitresses) - 11Wage Structure- A pay scale showing ranges of pay within each grade, classes, terms, or points.
- Wages are paid to employees mostly on an hourly basis--unlike salaries.
- Wages don’t have a structure or components as they're primarily time based.
**However, these workers are entitled to Overtime Pay if they work overtime or on holidays/weekends. - 12Total Compensation**Can be defined as all of the resources available to employees, which are used by the employer to attract, motivate and retain employees.
-Total Compensation goes beyond salary, this includes all forms of money, benefits, services, and other “perks” employees are eligible for. - 13Preferred Provider Organizations (PPOs)"Organizations that requires the use of specific doctors and healthcare facilities, to contain the rising costs of healthcare."
**PPOs have large networks of medical services.
***In return for accepting this lower cost, the employer or insurer promises to encourage employees to use their services. - 14Consumer-Driven Health Plan (CDHP)- Fairly new, and gaining popularity due to their low cost for the employer, as well as greatest flexibility for the employee.
-They include 3 parts:
1. It's an 'employer-provided' plan with a high deductable.
2. Includes a health savings account (HSA), w/tax advantages which both employer and employee contribute.
3. Provides decision support and counseling to assist employees to make informed healthcare decisions. - 15COBRA*Provides for continued employee benefits up to 3 years after an employee leave a job.
- 16Defined Contribution Retirement Plan*It's a type of retirement plan.
**No specific benefit payout is promised because the value of the retirement account depends on the growth of contributions by the employer and employee. - 17Flexiable Spending Account- Accounts that allow employees to set aside money before payroll taxes, to pay for healthcare or dependent care.
- they're approved and operated under Section 125 of the Internal Revenue Code (IRC).
- they're special types of flexiable benefits that permit employees to set aside money to pay for medical expenses not covered by insurance. - 18Fair Credit Reporting Act (and its provisions)- The FCRA is a federal law that regulates how consumer reporting agencies use your information.
- It requires an organization to notify a job candid of its intent to check into their credit. - 19Employment-At-Will*19th century common law that allows employers to discipline or discharge employees at their decision. Employers can dismiss an employee "for good cause, no cause, etc. w/out breaking the law.
**However, employers still cannot fire on the bases of: race, religion, national origin, age, or disability.
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- Flashcards on HR final, created by gskramer on 13/08/2015.
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- gskramer
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