• Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off
Reading...
Front

Card Range To Study

through

image

Play button

image

Play button

image

Progress

1/10

Click to flip

Use LEFT and RIGHT arrow keys to navigate between flashcards;

Use UP and DOWN arrow keys to flip the card;

H to show hint;

A reads text to speech;

10 Cards in this Set

  • Front
  • Back
job structure
relative pay for different jobs within the organization
pay level
avg amount the organization pays for a particular job
pay structure
pay policy resulting from job structure and pay level decisions.
(helps the organization achieve goals related to employee motivation, cost controll...)
product market
includes organizations that offer competing goods and services
highest median annual earnings
computer and mathematical operations
benchmarking
comparing own pay practices against successful competitors (involves use of pay surveys)
job evaluation
administrative procedure for measuring the relative worth of the organizations jobs (look at a jobs compensable factors. eg. experience edu, complexity
piece work rate
rate of pay for each unit produced
pay policy line
graphed line showing relationship between job eval points and pay rate
pay differential
adjust pay for differences in working conditions or labor markets (eg. geographic location and cost of living)