C202 Managing Human Capital Ch9 14
C202 Managing Human Capital Ch. 9-14 flashcards | Quizlet
1 of 17
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Direct financial compensation
compensation received in the form of salary, wages, commissions, stock options or bonuses
indirect financial compensation
all the tangible and financially valued rewards that are not included in direct compensation including free meals, vacation time and health insurance
nonfinancial compensation
rewards and incentives given to employees that aren't financial in nature base pay
reflects the size and scope of an employee's responsibilities
severance pay
give to employees upon termination of their employment
fixed pay
pays employees a set amount regardless of performance
variable pay
bases some or all of an employee's compensation on employee, team, or organizational pay structure
the array of pay rates for different work or skills within a single organization
10/8/2015 3:26 PM
C202 Managing Human Capital Ch. 9-14 flashcards | Quizlet
2 of 17
https://quizlet.com/45012071/c202-managing-human-capital-ch-9-14-fla...
pay mix
the relative emphasis give to different compensation components
pay leader
organization with a compensation policy of giving employees greater rewards than competitors
pay follower
an organization that pays its front-line employees as little as possible
resource dependence theory
proposition that organizational decisions are influenced by both internal and external agents who control critical resources
wage differentials
differences in wage between various workers, groups of workers, or workers within a career field
labor market
all of the potential employees located within a geographic area from which the organization might be able to hire
cost of living allowances
clauses in union contacts that automatically increase wages base on the U.S. Bureau of Labor Statistics' cost of living index
market pricing
uses external sources of information
about
1 of 17
https://quizlet.com/45012071/c202-managing-human-capital-ch-9-14-fla...
Direct financial compensation
compensation received in the form of salary, wages, commissions, stock options or bonuses
indirect financial compensation
all the tangible and financially valued rewards that are not included in direct compensation including free meals, vacation time and health insurance
nonfinancial compensation
rewards and incentives given to employees that aren't financial in nature base pay
reflects the size and scope of an employee's responsibilities
severance pay
give to employees upon termination of their employment
fixed pay
pays employees a set amount regardless of performance
variable pay
bases some or all of an employee's compensation on employee, team, or organizational pay structure
the array of pay rates for different work or skills within a single organization
10/8/2015 3:26 PM
C202 Managing Human Capital Ch. 9-14 flashcards | Quizlet
2 of 17
https://quizlet.com/45012071/c202-managing-human-capital-ch-9-14-fla...
pay mix
the relative emphasis give to different compensation components
pay leader
organization with a compensation policy of giving employees greater rewards than competitors
pay follower
an organization that pays its front-line employees as little as possible
resource dependence theory
proposition that organizational decisions are influenced by both internal and external agents who control critical resources
wage differentials
differences in wage between various workers, groups of workers, or workers within a career field
labor market
all of the potential employees located within a geographic area from which the organization might be able to hire
cost of living allowances
clauses in union contacts that automatically increase wages base on the U.S. Bureau of Labor Statistics' cost of living index
market pricing
uses external sources of information
about