chapter 8 Flashcards
The wage-level decision
whether the firm wants to pay above, at, or below the going rate for labor
job evaluation
an attempt to assess the worth of each job relative to other jobs
Wage structures
set up through job evaluation
individual wage decision
how much to pay each employee in a particular job
collective bargaining
The process of agreeing on a satisfactory labor contract between management and a union
grievance procedure
The means by which a labor contract is enforced
Compensation
The financial remuneration given by the organization to its employees in exchange for their work
Benefits
Things of value other than compensation that an organization provides to its workers
Recruiting
The process of attracting individuals to apply for jobs that are open
realistic job preview (RJP)
Provides the applicant with a real picture of what performing the job would be like
validation
Determining the extent to which a selection device is really predictive of future job performance
Job analysis
A systematized procedure for collecting and recording information about jobs within an organization
Affirmative action
intentionally seeking and hiring qualified or qualifiable employees from groups that are underrepresented in an organization.
Halo error
allowing the assessment of an employee on one dimension to spread to ratings of that employee on other dimensions.
