Term
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Definition
| The relative pay for different jobs within the organization |
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Term
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Definition
| average amount the organization pays for a particular job, including wages, salary, and bonuses |
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Term
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Definition
| the pay policy resulting from job structure and pay level decisions |
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Term
| Government Regulation affects pay structure in the areas of... |
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Definition
| Equal Employment Opportunity, Minimum Wage, Pay for Overtime, and Prevailing wages for federal contractors |
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Term
| Equal Employment Opportunity |
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Definition
| any differences in pay must be tied to business related considerations such as job responsibilities or performance (equal pay for equal work) |
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Term
| Fair Labor Standards Act (FLSA) of 1938 |
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Definition
| federal law tat establishes a minimum wage and requirements for overtime pay |
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Term
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Definition
| the lowest amount that employers may pay under federal or state law, state as an amount of pay per hour |
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Term
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Definition
| a minimum wage based on cost of living in a particular area |
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| Federal minimum wage as of 2009 |
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Definition
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| California minimum wage as of 2008 |
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Definition
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Term
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Definition
| hours worked beyond 40 hours per week, overtime pay is 1.5 times the employees usual hourly rate, including any bonuses, and piece rate payments |
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Term
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Definition
| FLSA restricts the use of child labor, children under 16 and 17 cannot be employed in hazardous occupations, children under 14 and 15 may only work outside of school hours for limited time periods |
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Term
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Definition
| organizations that offer competing goods and services |
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Term
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Definition
| the market in which workers compete for jobs and employers compete for workers |
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Term
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Definition
the average cost of basic necessities of life, such as food, shelter, and clothing
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Term
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Definition
| a procedure in which an organization compares its own practices against those of competitors |
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Term
| What are the three yardsticks employees compare their pay and contribution against? |
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Definition
1. what they think employees in other orgs earn for doing the same job
2. what they think other employees holding different jobs within the org earn for doing work at the same or different levels
3. what they think other employees in the org earn for doing the same job as theirs |
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Term
| If employees feel under-rewarded, they may respond in 3 ways... |
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Definition
1. the might put forth less effort
2. they might find a way to increase their outcomes (i.e stealing)
3. they might withdraw (by leaving or refusing to cooperate)
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Term
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Definition
| an administrative procedure for measuring the relative internal worth of the organization's job |
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Term
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Definition
| the characteristics of a job that the org values and chooses to pay for |
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Term
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Definition
| method of job evaluation that creates a profile for each position based on its required know-how, degree of problem solving and accountability |
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Term
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Definition
| jobs that have relatively stable content and are common among many organizations |
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Term
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Definition
| rate of pay for each hour worked |
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Term
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Definition
| rate of pay for each unit produced |
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Term
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Definition
| a graphed line that shows the mathematical relationship between job evaluation points and pay rate |
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Term
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Definition
| sets of jobs having similar worth or content, grouped together to establish rates of pay |
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Term
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Definition
| a set of possible pay rates defined by a minimum, maximum, and midpoint of pay for employees holds a particular job or a job within a particular pay grade |
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Term
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Definition
| pay at a rate that falls above the pay range for the job |
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Term
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Definition
| pay at a rate that falls below the pay range for the job |
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Term
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Definition
| adjustment to a pay rate to reflect differences in working conditions or labor markets |
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Term
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Definition
| reducing the number of levels in the organizations job structure |
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Term
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Definition
| pay structures that set pay according to the employees levels of skill or knowledge and what they are capable of doing |
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Term
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Definition
| ratio of average pay to the midpoint of the pay range, assuming the pay structure is well planned to support the orgs pay grades the compra-ratios should be close to 1 |
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Term
| Uniformed Services Employment and Reemployment Rights Act (USERRA) |
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Definition
| requires employers to make jobs available to their workers when they return after fulfilling military duties for up to 5 years |
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