compensation Word Scramble

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compensation

Question	Answer
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
an adminsitrative procedure for measuring the relative internal worth of the organization's jobs	compensable factors
reducing the number of job levels within an organization	delaying/broadbands
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
pay employees for doing things well they'll continue to do those things	reinforcement theory
interests of the principals (owners) and their agents (managers) may no longer coverage	agency theory
look at own out/inputs and then take a look at someone else's and decide if they are balanced	equity theory
probablity that efforts will lead to desired performance	expectancy
probablility that perfomance will produce desired outcomes	instrumentality
value of outcome to individual	valence
effort=>performance=>outcome	expectancy/instrumentality theory
distributes a portion of corportate profits among designated employees; not a part of base salary	profit sharing

Created by: aolson12 on 2010-12-17