1
Q
Compensation
A
Monetary Payments:
- Wage : payment by the hour
- Salary : payment for a fixed term
Types of Compensation:
- Direct Compensation: Direct monetary payment to employees
- Indirect Compensation: Indirect financial compensation to employees; still has financial value (insurance, etc)
- Non-Financial Compensation: Does not have any financial value but makes the job satisfying (breaks, flexibility or time off)
2
Q
Performance Management
A
Planning, monitoring, developing, and evaluating employee performance to align with organizational goals
3
Q
Performance Appraisal
A
Feedback on employee’s contributions
ORGANIZATION AND MANAGEMENT
flashcards
Decks in class (26)
# Cards
-
Introduction to Management5
-
History and Theories of Management15
-
Functions, Roles, & Types of Managers11
-
Factors of Business Environment11
-
Forms of the Business Organization6
-
Goals and Plans8
-
Types of Plans5
-
Planning at Different Levels in the Firm3
-
Introduction to Organizing4
-
Mainstream Fundamentals of Organizing10
-
Multistream Fundamentals of Organizing4
-
Introduction to Staffing3
-
Recruitment Process5
-
Selection Process2
-
Placement1
-
Training and Development1
-
Performance Management3
-
Employee Relations2
-
Employee Movement5
-
Rewards Systems2
-
Introduction to Leading3
-
Nurtured Bases of Motivation7
-
Natural Bases of Motivation7
-
Introduction to Controlling2
-
Mainstream Approach to the Four-Step Control Process4
-
Multistream Approach to the Four-Step Control Process3
