Term
| A major complaint of managers and employees regarding the appraisal process |
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Definition
appraisals are too subjective.
And lurking behind subjectivity is the possibility of unfair treatment by a supervisor.
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Term
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Definition
| The opposite of first impression error. Allowing performance, either good or bad, at the end of the review period top play too large a role in determining an employee's rating for the entire period. |
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Term
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Definition
| The most common descriptor of an outcome used as a standard. It is both a planning and an appraisal tool that has many different variations across firms. |
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Term
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Definition
| Part of Strategy 1: Improve Appraisal Formats Types of formats include ranking and rating The rating format uses a continuum from good to bad. It is the types of descriptors used in anchoring this continuum that provide the major difference in rating scales. These descriptors may be adjectives, behaviors, or outcomes |
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Term
| The best appraisal format across the five criteria for evaluating rating formats? |
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Definition
| Behaviorally anchored rating scales (Bars) Or it depends |
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Term
| Total costs of employee benefits in the USA? |
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Definition
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Term
| What are the "mandated" benefits? |
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Definition
•Workers’ compensation
•Social Security
•Unemployment compensation |
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Term
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Definition
| straight ranking (forced ranking) a type of rating format. |
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Term
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Definition
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worker’s compensation (state),
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unemployment insurance (federal),
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social security (federal).
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Term
| FMLA allows how many weeks of leave per year? |
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Definition
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Term
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Definition
| An empirical method of identifying individual employee preferences. Employees are allotted a fixed dollar amount and permitted to choose how it is spent on the purchase of benefits. |
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Term
| Benefits required by statutory law are |
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Definition
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Term
| HIPPA is designed to reduce: |
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Definition
1) lessen an employer’s ability to deny coverage for a preexisting condition and
2) prohibit discrimination on the basis of health-related status. |
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Term
| How is unemployment insurance usually financed? |
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Definition
| In the majority of states, THIS____ is paid out to eligible workers is financed exclusively by employers that pay federal and state unemployment insurance tax. The federal tax amounts to 6.2 % of the first $7,000 earned by each worker. In addition states impose a tax above the $7,000 figure. The extra amount a company pays depends on its experience rating—lower percentages are charged to employers who have terminated fewer employees. The tax rate may fall to almost 0 percent in some states for employers that have had no recent experience (hence the term “experience rating”) with downsizing and may rise to 10 percent for organizations with large numbers of layoffs. |
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Term
| What was "HIPPA" designed to reduce? |
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Definition
| the most significant element began when a stringent no privacy provisions added considerable compliance problems for both the HR people charged with enforcement and the information technology people delegated the task of building secure health information systems. |
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Term
Today, what percentage of the workforce is covered under pension plans? |
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Definition
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Term
What is an HMO?
Health maintenance organizations |
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Definition
| One of the health-care systems, it provides comprehensive benefits for a fixed fee. THESE____ offer routine medical services at a specific site. Employees make prepayments in exchange for guaranteed health-care services on demand. |
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Term
| Surveys indicate the most highly valued benefit is? |
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Definition
Pensions
(or Medical benefits) |
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Term
| An HMO (Health Maintenance Organization) |
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Definition
| a medical coverage delivery system that provides comprehensive benefits for a fixed fee. |
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Term
| Why do executives, supervisors and sales staff often receive special compensation? |
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Definition
| special groups tend to be strategically important to the company. If they don’t succeed at their jobs, success for the whole organization is in jeopardy. Second, their positions tend to have built-in conflict, conflict that arises because different factions place incompatible demands on members of the group. |
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Term
| The biggest trend in supervisory pay is? |
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Definition
| centers on increased use of variable pay. |
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Term
| What component of executive compensation has grown most since the 1970s? |
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Definition
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Term
| Which is the most popular executive perk offered by most companies? |
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Definition
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Term
| Today, top executive pay is how many times more than the average worker? |
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Definition
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Term
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Definition
| straight ranking (forced ranking) a type of rating format. |
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Term
What is the first question to ask in determining how much retirement income to provide?
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Definition
What level of retirement compensation would a company like to set as a target, expressed in relation to pre-retirement earnings?
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Term
What is an HMO?
Health maintenance organizations |
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Definition
One of the health-care systems, it provides comprehensive benefits for a fixed fee. THIS_____offers routine medical services at a specific site. Employees make prepayments in exchange for guaranteed health-care services on demand. By law, employers of more than 25 employees are required to provide employees the option of joining a federally qualified ________. If the employee opts out of coverage, the employer is required to pay the premium or an amount equal to the premium for previous health coverage, whichever is less.
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Term
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Definition
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Term
HMO
Health Maintenance Organization |
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Definition
| By law, employers of more than 25 employees are required to provide employees the option of joining a federally qualified ______. If the employee opts out of coverage, the employer is required to pay the premium or an amount equal to the premium for previous health coverage, whichever is less. |
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Term
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Definition
| also known as a cafeteria plan or supermarket plan. |
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