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17 Cards in this Set
- Front
- Back
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management by objectives (MBO)
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a program that encompasses specific goals, participatively set, for an explicit time period, with feedback on goal progress
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employee recognition programs
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programs used by organizations in which employees are recognized for good performance, rewarding them intrinsically and extrinsically.
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employee involvement
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a participative process that uses the input of employees and is intended to increase employee commitment to an organization's success
engage workers in decision making ^autonomy ==> more motivation, commitment to organization, more productive, more satisfied |
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participative management
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a process in which subordinates share a significant degree of decision-making power with their immediate superiors
has relatively slim beneficial effects |
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job rotation
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the periodic shifting of an employee from one task to another
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Job enlargement
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expands the job horizontally. Does not increase difficulty, instead just makes more tasks – breaks monotony.
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Job Enrichment
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the vertical expansion of jobs, which increases the degree to which the worker controls the planning execution, and evaluation of the work.
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Job characteristics model
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skill variety, task identity, task significance => experienced meaningfulness of work
Autonomy => experienced responisiblity for outcomes of work feedback => knowledge of the actual results of the work ===> high internal work motivation, high-quality work performance, high satisfaction with the work, low absenteeism and turnover |
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variable pay program
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a pay plan that bases a portion of an employee's pay on some individual and/or organizational measure of performance
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piece-rate pay plan
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a pay plan in which workers are paid a fixed sum for each unit of production completed.
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merit-based pay
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a pay plan based on performance appraisal ratings
let individuals perceive a strong relationship between their performance and the rewards they receive. |
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bonuses
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a pay plan that rewards employees for recent performance rather than historical performance.
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skill-based pay (competency-based/knowledge-based)
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a pay plan that sets pay levels on the bases of how many skills employees have or how many jobs they can do.
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profit-sharing plan
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an organizationwide program that distributes compensation based on some established formula designed around a company's profitability
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gainsharing
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a formula-based group incentive plan. differs from profit-sharing, because it ties rewards to productivity gains rather than profits.
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employee stock ownership plans
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a company-established benefits plan in which employees acquire stock, often at below-market prices, as part of their benefits.
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flexible benefits
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a benefits plan that allows each employee to put together a benefits package individually tailored to his or her own needs and situation
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