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chaper 10
business
Question | Answer |
---|---|
separations | resignation, retirement, termination, or layoff |
wage/salary survey | tells company how much compensation comparable firms are paying for specific jobs that the firms have in common |
wages | financial rewards based on the number of hours the employee works |
commission | pays a fixed amount or a percentage of the employee's sales |
salary | financial reward calculated on a weekly, monthly, or annual basis |
bonuses | offered by companies for exceptional performance as incentives to increase productivity further |
profit sharing | a percentage of company profits is distributed to the employee's whose work helped to generate them |
benefits | nonfinancial forms of compensation provided to employees; pension plans, health insurance, paid vacation and holidays |
labor unions | deal with employers for achieving better pay, hours and working conditions |
collective bargaining | management and unions reach an agreement about compensation, working hours, and working conditions for the bargaining unit |
labor contract | written document that spells out the relationship between the union and management for a specified period of time |
picketing | public protest against management practices that involves union members marching and carrying antimanagement signs |
strikes | employee walkouts; one of the most effective weapons of labor unions |