HRM 200 Important Vocabs

A spontaneous incentive awarded to individuals for accomplishments not readily measured by a standard

Plans that are designed to motivate the short-term performance of managers and are ited to company profitability

An incentive plan that engages employees in a common effort to achieve productivity objectives and share the gains

A system of pay based on the number of items processed by each individual worker in a unit of time, such as items per hour or items per day

An incentive plan developed in 1937 by Joseph Scanlon and designed to encourage cooperation, involvement, and sharing of benefit. It awards incremental improvements.

Any salary increase awarded to an employee based on his or her individual performance

Any plan that ties pay to productivity

In performance appraisal, the problem that occurs when a supervisor's rating of an employee on one trait that biases the rating of that person on other traits

The rating error that occurs when ratings are based on the employee's most recent performance rather than on performance through the appraisal period

The process encompassing all activities related to improving employee performance, productivity and effectiveness. The process includes goal setting, pay for performance, training and development, career management, and disciplinary action

Ranking employees from best to worst on a particular trait

An appraisal method that aims to combine the benefits of narratives, critical indicents, and quantified ratings by anchoring a quantified scale with specific narrative examples of good and poor performance. Scale the incidents from effective to ineffective behaviour. Develop the final instrument based on 6 to 7 incidents used as behavioural anchors for each performance dimension

1. More accurate measure
2. Clearer standards
3. Assists feedback
4. Independent dimensions
5. Consistency
Too bad it is time consuming

A job that is critical to the firm's operations or commonly found in other organizations that is used to anchor the employer's pay scale and that acts as a reference point around which other jobs are arranged in order of relative worth

A method for categorizing jobs into groups.
Classes contain similar jobs
grades contain dissimilar jobs of equal difficulty