Chapter 8 Terms and Definitions

Chapter 8 Terms and Definitions - Valerie Bodden K....

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Valerie Bodden K. (10-0014) Organization and Methods Professor Mejia March 28, 2011 Chapter 8 Key Terms and Review Questions Key Terms -360-degree feedback: Performance-appraisal data collected from 'all around ' an employee his or her peers, subordinates , supervisors , and sometimes, from internal and external customers . Its main objective usually is to assess training and development needs and to provide competence- related information for succession planning not promotion or pay increase . Also called multi-rater assessment , multi-source assessment , multi-source feedback . -Affirmative action programs: Employee hiring and promotion policy that takes a proactive approach to removing prejudices against recruiting and promoting minorities , and other under- represented groups of the society . -Variable compensation: pay program that provides a bonus or special payment to individuals in addition to their salary. The dollars are not added to the salary (like a pay increase), and the amount is based on a pre- determined set of objectives, formula or criteria. If people achieve these results, then they receive their payouts. If they don’t, then there are no payouts. -Behaviorally anchored rating scales (BARS): Employee or trainee rating system in which they are graded according to their display or absence of specific behavioral patterns . -Bona fide occupational qualifications (BFOQ): is a quality or an attribute that employers are allowed to consider when making decisions on the hiring and retention of employees – qualities that when considered in other contexts would constitute discrimination and thus in violation of civil rights employment law . Such qualifications must be listed in the employment offering. -Broad band systems: It reduces the fine distinctions between classes of work and its associated narrow and limited pay ranges, thus redefining classes into broader groups with broader pay ranges. The narrow distinctions between classes of work are eliminated with a broader range of definitions, thereby ensuring simpler analysis to place a position in the appropriate class of work or job group. -Cafeteria-style plans: An employee benefit in which an employee may contribute so much of his/ her pretax income into a special account that may be used for a broad range of purposes. One may use the funds in a cafeteria plan for matters such as medical expenses, life insurance premiums, or
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other things. This allows the employee to structure his/her employee benefits in a way that best
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Chapter 8 Terms and Definitions - Valerie Bodden K....

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