Chap-11 terms Flashcards Preview

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Flashcards in Chap-11 terms Deck (14):
1

compensatory approach

approach where high scores on some assessments can compensate for low scores on other assessments

2

unit weighting

giving multiple assessments equal weight when computing a candidates overall score

3

multiple hurdles approach

scoring approach where candidates must receive a passing score on an assessment before being allowed to continue on in the selection process

4

rational weighting

weighting method where experts assign a different subjective weight to each assessment score

5

statistical weighting

weighting method using a statistical technique, such as multiple regression, to assign a different weight to each assessment score

6

low job offer

job offer that consists of a below market rewards package

7

competitive job offer

job offer in which the total rewards package offered is competitive with the market offer

8

high job offer

job offer in which the total rewards package is above the market offer

9

maximum job offer

company's best and final offer

10

restrictive covenant

clause in a contract that requires one party to do, or refrain from doing, certain things

11

offer letter

written letter describing in clear and precise terms exactly what the compensation structure and terms of an employment contract will be

12

explicit employment contract

written or verbal employment contract

13

implicit employment contract

an understanding that is not part of a written or verbal contract

14

reneging

backing out of a contract after it is accepted