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compensation

exam 1

QuestionAnswer
what is compensation made up of? wages, bonuses, incentives, and benefits
what are the 4 parts of the employee value proposition compensation, work-life balance, stability, respect
what is the war for talent organizations competing or fighting for high-performing employees
what is the incentive effect the degree to which pay influences an employees motivation
what is the sorting effect the degree to which pay influences an employees motivation
what are relation returns psychological rewards such as learning opportunities, status, and challenging work
what is total compensation transactional returns, particularly cash and benefits
examples of short-term incentives commission and other short term variable pay programs
what are examples of long term incentives stock options and stock ownership
what is another names for incentives variable pay
how much do companies spend on benefits on average about $0.30 in benefits for every $1 of employee pay
average turnover of one company for men and women men: 4.3 years women: 3.8 years
what are the 2 categories of benefits legally required and discretionary
what happened to the federal FLSA salary increases? The $844/week and $1,128/week increases were overturned on 11/15/2024, returning the threshold to $684/week.
what does paid leave for all workers act provide employees earn 1 hour of PTO for every 40 hours worked, up to 40 hours per year
What are the 4 compensation policy choices? internal Alignment, External Competitiveness, Employee Contributions, Management.
what is internal alignment evaluation of jobs and skills levels within a single organization
Created by: kes82404
 

 



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