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HRM 322 CH 11 PAY AND INCENTIVE SYSTEMS QUESTIONS WITH COMPLETE ANSWERS

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HRM 322 CH 11 PAY AND INCENTIVE SYSTEMS QUESTIONS WITH COMPLETE ANSWERS

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organization wide incentive programs in which employees receive shares of company
stock, thereby becoming owners or part owner of the company; shares are deposited
into employees' account and dividends from the stock are added to the accounts


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employee stock ownership plans (ESOPs)

, in the point method of job evaluation, such a hierarchy results when jobs are rank-
ordered from highest point total to lowest point total


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hierarchy of job worth




the human resource management function that deals with every type of reward that
individuals receive in return for performing work


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compensation




an organization wide incentive program in which employee cooperation leads to
information sharing and employee involvement, which in turn lead to new behaviors
that improve organization productivity; the increase in productivity results in a
financial bonus (based on the amount of increase), which is distributed monthly or
quarterly


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gain sharing




1. labor market conditions
2. legislation
3. collective bargaining

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