Appraising and Rewarding Performance

At&-risk Pay:

If the work unit does not achieve its growth objectivess, employees may receive as little of their target pay rate, if objectives are met, workers recive bonus pay.

Comparable Worth:

An attempt to give employees in comparable jobs&-those of equal value to the employer&-similar levels of pay.

Complete Pay Program:

Comprehensive reward system that uses different bases of pay to accomplish various objectives (e.g. retention, production, teamwork).

Cost&-reward Comparsions:

Process in which employees identify and compare personal costs and rewards to determine the point at which they are approximately equal.

Economic Incentive Systems:

System that varies an employee's pay in proportation to some criterion of individuals, group, or organizational performance.

Equal Pay Act:

Of 1963, which affects employers who are engaged in interstate commerce and most employees of federal, state, and local governments.

Flexiable Benefit Program:

Also Cafeteria benefits;Systems that allow employees to select an indivdualized combitination of benefits.

Gain Sharing:

Policy of giving employees a substanial portion of the cost savings produced when their jobs are improved.

Gain Sharing Plan:

A program that establishes an historical base period of organizational performance, measures improvements, and shares the gains with employees on some formula basis.

Incentives:

Environment factors that are established for the purpose of motivating a person.

Loose Rates:

Payments at a rate that allows employees to reach standard output with less&-than&-normal effort.

Output restriction:

Situation in which workers choose to produce less than they could produce with nornal effort.

Performance Appraisal:

Process of evaluating the perforamnce of employees.

Physical Withdrawal:

Unauthorized absences, early departures, extended breeaks, work slowdowns, or actss off aggression and retalliation.

Piece Rate:

Reward system that pays employees according to the number of acceptable pieces produced.

Profit Sharing:

System that distrubutes the employees some portion of thje profits from business.

Production Sharing:

Incentive program that pays employees for improvements in labor costs that are better than standard.

Rate Setting:

Process of determining the standard output for each job.

Scanlon Plan:

Highly successful production&-sharing plan that emphazines teamwork and active particapation.

Self Appraisal:

The process of assking individuals to identify and compare their strengths and weaknesses.

Skill&-based Pay:

A system that rewards individual employees for what they know how to do. Also known as knowledge&-based and multiskill pay.

Wage Incentives:

Reward system that provides more pay for more production.