Professional Documents
Culture Documents
Dimensions of Diversity
Age
Gender Ethnicity
distributions
Disability Other
Figure on trends of immigration in book
Summary
Diversity- exists in a group or organization when its members differ from
one another along one or more important dimensions
One that achieves high level of diversity, can capitalize fully on the
advantages of the diversity and has few diversity related problems
Salaries are based on what you do, while wages are based on time
Benefits
1. PTO (paid time off)
2. Health Insurance
3. 401K
4. Tuition Reimbursements
5. Company Vehicle
6. Gas Card
7. Living Stipend
8. Family Medical Leave
9. Stock Options
10. Fitness Centers
11. Day Care
12. Paid Education
13. Food Plan
14. Dental Insurance
15. Workers Comp
16. Holiday Parties
17. Bonuses
18. Social Security
19. Uniform Allowance
20. Wellness Program
21. Free Tickets
22. Sick Leave
23. Product Discount
24. Company Phone
25. Employee Reward Programs
Defined benefit plan- every month you are going to get a check and you new you
were going to get paid X amount of dollar
Defined contribution plan- when you put money it to the plan also know as the 401K
plan
Nomandated benefits
Private pension plan: provides income at retirement
o Deigned benefit plans
o Defined contribution plan
Paid time off
Other benefits
o Wellness programs
o Cafeteria style befits
Were the employees get to choose what benefits they want.
Evaluating
compensation and
benefit programs
Executive Compensation-
Growing legal issues
Evaluating compensation and benefit programs
Summary
Compensation: Set of rewards an organization provides to individuals in
return for their willingness to perform various jobs and tasks within the
organization
Benefits: Various rewards, incentives, and other things of value an
organization provides to its employees
Key terms
Benefits Maturity curve Social security
Cafeteria-style benefits plans Pay compression Unemployment
Classification system Pay for knowledge insurance
Compensation Pay inversion Vesting rights
Defined benefit plans Pay secrecy Wage and salary
Defined contribution plans Pay surveys Wages
External equity Point manual Wellness
Factor-comparison method Point system programs
Internal equity Private pension plans Workers
Job evaluation Salary compensation
Skill-based pay
Chapter 10
Performance appraisal and Career Management
Summary
Performance appraisal: Specific and formal evaluation of an employee to
determine the degree to which employee is performing his or her job
effectively
Performance management: General set of activities carried out by the
organization to change employee performance
People have thought of the various components making up a persons career
as having some degree of interrelation
Key terms
The first union was in the middle ages in Europe, they were called gills. Made
up of crafts people.
Knights of Labor- they let anyone in no mater race or creed. EXCEPT people who are
considered social parasites. They considered bankers as parasites
National labor relation act (wagner act)- this act granted power to unions. This
created the first national relations
Taft hartly act 1947- designed to pull back a little power from the union.
Truman tried to Nationalize the railroad- government own the rail roads
Figure 11.2
Shop steward-
Local Union
o Business manager- a professional employee of the union. And the
represent the union and negotiation
National or international union
Trends in Unionization
Trends in :
o Union membership
Unionization has increased in the service sector but not in the
rest of the economy
o Union management relations
Weaker unions have taken conciliatory stance with managers
o Bargaining perspectives
Job security is currently a major demand
SICKOUT- employees dont go because they are pretending that they are sick
Wildcat strike- union member declaire on their own that they are going to strike