compensation
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| the total value of outcomes given to employees in exchange for their membership in the organization and for performing the tasks, duties and responsibilities associated with their jobs | compensation
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| an adminsitrative procedure for measuring the relative internal worth of the organization's jobs | compensable factors
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| reducing the number of job levels within an organization | delaying/broadbands
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| part of an employee's total compensation which is based on job performance as an individual, group member or organization member | incentive pay/pay for performance
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| pay employees for doing things well they'll continue to do those things | reinforcement theory
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| interests of the principals (owners) and their agents (managers) may no longer coverage | agency theory
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| look at own out/inputs and then take a look at someone else's and decide if they are balanced | equity theory
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| probablity that efforts will lead to desired performance | expectancy
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| probablility that perfomance will produce desired outcomes | instrumentality
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| value of outcome to individual | valence
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| effort=>performance=>outcome | expectancy/instrumentality theory
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| distributes a portion of corportate profits among designated employees; not a part of base salary | profit sharing
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