MGT 303 Jeopardy – Final Exam

MGT 303 Jeopardy – Final Exam -...

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MGT 303 Jeopardy – Final Exam  17:51 Compensable Factors : characteristics of jobs that are valued by an organization and  that are used as the basis for ratings in a job evaluation  Co-insurance : specified percentage of a medical bill that an employee with health  insurance must pay out of pocket  Key jobs or benchmark jobs : term for jobs that are similar across organizations and  that are used in pay surveys  Controls (administrative, engineering, medical monitoring, training, etc.) :general  term for measures that are used to eliminate or lessen safety and health hazards in the  workplace  Consumer Directed Health Plan : type of health plan that combines a high deductible  policy with a Health Reimbursement Account (HRA) or Health Savings Account ;  employees will be more conscious and more careful for who they go to and how they  use if they have to pay more of it – restrain employees so they see and understand the  full payment of the medical service bill Arbitration:  Challenges by unionized employees to disciplinary actions are often  resolved through this  Gain Sharing : type of incentive pay plan in which employees are rewarded for  improvements in productivity or lower labor costs (usually a group incentive) Costs, Motivation, Perceptions of Fairness, Ability to recruit and retain,   Capabilities, Legal considerations, avoid pay discrimnation  :3 important  considerations when developing compensation policies and practices 
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This document was uploaded on 10/27/2011 for the course MKT 291 at Miami University.

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MGT 303 Jeopardy – Final Exam -...

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