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INDUSTRIAL PSYCH > REWARDS > Flashcards

REWARDS Flashcards

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1
Q

It is the final requirement to ensure effective performance. The requirement refers to the design and implementation of reward system.

A

REWARD

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2
Q

This makes employees motivated

A

REWARD

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3
Q

Is the total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed as required.

A

Compensation

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4
Q

By laws, there should be ________

A

monetary compensations

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5
Q

paid to any employee shall mean the remuneration or earnings, however designated, capable of being expressed in terms of money, whether fixed or ascertained on a time, task, piece, or commission basis, or other method of calculating the same, which is payable by an employer to an employee under a written or unwritten contract of employment for work done or to be done, or for services rendered or to be rendered and includes the fair and reasonable value

A

WAGE

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6
Q

Minimum wage in Manila

A

537

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7
Q

Types of Organizational Incentives

A

●Intrinsic rewards

●Extrinsic rewards

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8
Q

are rewards that the worker receives from the job itself.

A

Intrinsic rewards

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9
Q

are rewards that enhance the workers get from the employer.

A

Extrinsic rewards

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10
Q

Prides in one’s work.

A

Intrinsic rewards

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11
Q

Feeling of accomplishment.

A

Intrinsic rewards

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12
Q

Being part of a team.

A

Intrinsic rewards

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13
Q

What are the extrinsic rewards

A

money. promotion, benefits

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14
Q

rewards that enhance an employee’s financial well-being directly through

A

Financial rewards

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15
Q

Financial rewards are enhance an employee’s financial well-being through:

A

Wages
Bonuses
Profit sharing

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16
Q

are indirect enhancement of an employee’s financial well-being.

A

Nonfinancial rewards

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17
Q

What are Nonfinancial rewards

A 
Supportive benefits	
	Paid sick leaves 
	Pension plans					
	Purchase discounts
	Paid vacations
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18
Q

rewards that are given using performance as basis

A

Performance –based rewards

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19
Q

rewards that are given when you achieve something

A

Performance –based rewards

20
Q

Commissions

A

Performance –based rewards

21
Q

Piece of work pay plans

A

Performance –based rewards

22
Q

Incentive system

A

Performance –based rewards

23
Q

Group bonuses

A

Performance –based rewards

24
Q

Forms of merit pay

A

Performance –based rewards

25
Q

refer to those that are given to all employees regardless of performance.

A

Membership-based rewards

26
Q

COLA

A

Membership-based rewards

27
Q

Salary increase due to market conditions

A

Membership-based rewards

28
Q

Benefits

A

Membership-based rewards

29
Q

Seniority

A

Membership-based rewards

30
Q

Kinds of Salary

A

●Hourly pay
●Annual Rate
●Commission

31
Q

Individuals are compensated for the hours they actually work at a predetermined rate per hour.

A

Hourly pay

32
Q

receive a set amount every pay period based on a full-year rate.

A

Annual Rate

33
Q

offers a certain percentage of every sale generated.

A

Commission

34
Q

TRUE OR FALSE. The normal hours of work of any employee shall not exceed eight (8) hours a day.

A

TRUE

35
Q

How many hours in a week does an employee need to fulfill?

A

48 hours

Six days a week

36
Q

TRUE OR FALSE. The employee is not entitled to have 60 minutes for their regular meals.

A

FALSE

37
Q

Overtime pay formula

A

Minimum age/8 +25% = overtime pay

38
Q

TRUE OR FALSE. 8 hours should be rendered first in order to have the overtime pay

A

TRUE

39
Q

TRUE OR FALSE. a rest period of not less than twenty-four (24) consecutive hours after every six (6) consecutive normal work days.

A

TRUE

40
Q

REST DAY RATE

A

Minimum Wage X .30 = Rest Day Rate

41
Q

RATE FOR WORK PERFORM ON SUNDAYS AND HOLIDAYS

A

Minimum Wage X .30

42
Q

RATE WHEN WORK PERFORM ON A SPECIAL HOLIDAY

A

Minimum Wage X .30

43
Q

RATE WHEN AN EMPLOYEE NEEDS TO PERFORM WORK DURING HIS REST DAY WHILE THE DAY BEING A SPECIAL HOLIDAY

A

Minimum Wage X .50

44
Q

RATE WHEN AN EMPLOYEE NEEDS TO PERFORM WORK ON A REGULAR HOLIDAY

A

Minimum Wage + Minimum Wage

45
Q

TRUE OR FALSE. All service charges collected by hotels, restaurants and similar establishments shall be distributed at the rate of eighty-five percent (85%) for all covered employees and fifteen percent (15%) for management.

A

TRUE

INDUSTRIAL PSYCH (11 decks)

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