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compensation

QuestionAnswer
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
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