WOP 6 Applied Performance at Freie Universität Berlin | Flashcards & Summaries

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What is are two examples, two advantages and two disadvantages of Membership/seniority rewards?

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fixed pay, paid time off


may attract applicants, reduces turnover


doesnt directly motivate performance

may discourage poor performers from leaving

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What is are two examples, two advantages and two disadvantages of job status based rewards?


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promotion based pay increase

status based pay increase


internal equality, minimizes pay discrimination, motivates to compete for promotions


hierarchy, status difference, competition

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What is are two examples, two advantages and two disadvantages of competency based rewards?


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pay increase on competency, skill based pay


improves workplace flexibility, tends to improve quality


relies on subjective measurement of competencies, skill based pay plans are expensive

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What is are two examples, two advantages and two disadvantages of task performance?


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commissions, profit sharing, stock options


motivates performance, attracts performance orientated applicants


may distance reward giver from receiver, discourages creativity, tends to address sympotoms, not underlying causes of behavior

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What is job evaluation?

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systematically rating the worth of jobs within an organization by measuring the required skill, effort, responsability and working condition

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What are examples of the most popular individual performance based rewards?

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housekeeping or hotels, paid per piece rate or per room bonus


real estate agents gettings commissions

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What are examples of team performance based rewards?

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depends on team performance,

example is gainsharing plan

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What is a gainsharing plan?

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team based reward that calculates bonuses from the work unit's cost savings and productivity improvement


eg medical staff rewarded for reducing cost in surgery and patient care

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What is an example of an organizational level reward?

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- bonus based on company production rate


employee stock ownership plan

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What is an employee stock ownership plan?

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encourages employees to buy company stock, usually at discount

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What are stock options?

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reward system that gives employees the right to purchase tsock at a future date at a predetermined price

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What are the four specific objectives of financial rewards? Different forms of financial rewards

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membership and seniority

job status

competencies

performance

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Q:

What is are two examples, two advantages and two disadvantages of Membership/seniority rewards?

A:

fixed pay, paid time off


may attract applicants, reduces turnover


doesnt directly motivate performance

may discourage poor performers from leaving

Q:

What is are two examples, two advantages and two disadvantages of job status based rewards?


A:

promotion based pay increase

status based pay increase


internal equality, minimizes pay discrimination, motivates to compete for promotions


hierarchy, status difference, competition

Q:

What is are two examples, two advantages and two disadvantages of competency based rewards?


A:

pay increase on competency, skill based pay


improves workplace flexibility, tends to improve quality


relies on subjective measurement of competencies, skill based pay plans are expensive

Q:

What is are two examples, two advantages and two disadvantages of task performance?


A:

commissions, profit sharing, stock options


motivates performance, attracts performance orientated applicants


may distance reward giver from receiver, discourages creativity, tends to address sympotoms, not underlying causes of behavior

Q:

What is job evaluation?

A:

systematically rating the worth of jobs within an organization by measuring the required skill, effort, responsability and working condition

Mehr Karteikarten anzeigen
Q:

What are examples of the most popular individual performance based rewards?

A:

housekeeping or hotels, paid per piece rate or per room bonus


real estate agents gettings commissions

Q:

What are examples of team performance based rewards?

A:

depends on team performance,

example is gainsharing plan

Q:

What is a gainsharing plan?

A:

team based reward that calculates bonuses from the work unit's cost savings and productivity improvement


eg medical staff rewarded for reducing cost in surgery and patient care

Q:

What is an example of an organizational level reward?

A:

- bonus based on company production rate


employee stock ownership plan

Q:

What is an employee stock ownership plan?

A:

encourages employees to buy company stock, usually at discount

Q:

What are stock options?

A:

reward system that gives employees the right to purchase tsock at a future date at a predetermined price

Q:

What are the four specific objectives of financial rewards? Different forms of financial rewards

A:

membership and seniority

job status

competencies

performance

WOP 6 Applied Performance

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