Elaborate Answers | Latest Edition
1. Cost-of-living adjustments - ANSWER pay increases to account for a
higher cost of living in one country versus another
2. Housing allowance - ANSWER payments to subsidize or cover housing and
related costs
3. hardship premiums - ANSWER increased salary for living in an area with a
lower quality of life, less safety, etc.
4. tax equalization payments - ANSWER increased salary to make up for
higher taxes that reduce take-home pay and decrease employee's purchasing
power
5. inflation adjustments - ANSWER larger and/or more frequent raises to
maintain employee's purchasing power in the face of inflation
6. gainsharing - ANSWER a program in which the firm shares the value of
productivity gains with employees
7. scanlon plans - ANSWER gainsharing programs based on implementing
employee suggestions for lowering the cost per unit produced
,8. improshare - ANSWER a gainsharing plan based on a mathematical
formula that compares a performance baseline with actual productivity
during a given period with the goal of reducing production time
9. Human Resource Strategy - ANSWER Links the entire human resource
function with the firm's business strategy.
10.Business Strategy - ANSWER Defines how the firm will compete in its
marketplace.
11.Forced Distribution Method - ANSWER The rater distributes performance
ratings into a pre-specific performance distribution.
12.Multi-source Assessments - ANSWER Performance feedback from the
employees's supervisor as well as other sources who are familiar with an
employee's job performance.
13.Performance Improvement Plan - ANSWER A tool to monitor and measure
an employee's deficient work products, processes, and/or behaviors to
improve performance or modify behavior.
14.Upward Reviews - ANSWER The target employee is reviewed by one or
more subordinates.
15.Results - ANSWER The specific subgoals for each unit that will be the
focus of the performance management process.
16.Leniency Error - ANSWER All employees are given high ratings regardless
of performance.
,17.Behaviorally Anchored Rating Scales - ANSWER Use a set of behavioral
statements relating to qualities important for performance.
18.Performance Rating Methods - ANSWER Compares employes performance
to a set of standards to identify a number or letter rating that represents the
employee's performance level.
19.Forced-Choice Rating Method - ANSWER Forces the assessor to choose
the statement that best fits the target employee from a provided set of
statements that are scored and weighted in advance.
20.Accountability - ANSWER An individual is expected to provide a regular
accounting to a superior about the results of what she or he is doing and will
be held responsible for the outcome.
21.Critical Incident Appraisal Method - ANSWER An assessor discusses
specific examples of the target employee's positive and negative behaviors
with the employee.
22.Standards - ANSWER Specify the level of results considered acceptable.
23.Performance Plan - ANSWER Describes desired goals and results, how
results will be measured and weighted, and what standards will be used to
evaluate results.
24.Similar-to-me- Effect - ANSWER Giving high rating to someone because
she or he is perceived as being similar to the rater.
, 25.Continuous Performance Appraisal - ANSWER An ongoing performance
appraisal process that involves the employee in evaluating his or her
performance and setting performance goals and provides continuous
coaching and feedback.
26.First Impression Bias - ANSWER Initial judgments influence later
assessments.
27.Forced Ranking Method - ANSWER Employees are ranked in order of best
to worst performance.
28.Essay Appraisal Method - ANSWER The assessor writes a brief essay
providing an assessment of the strengths, weaknesses, and potential of the
target employee.
29.Work Standards - ANSWER Comparing an employee's performance to
output targets that reflect different levels of performance.
30.Recency Effect - ANSWER Allowing recent events and performance to
have a disproportionately large influence on the rating.
31.Balanced Scorecard - ANSWER A performance measurement system that
translates the organization's strategy into financial, business process,
learning and growth, and customer outcomes.
32.Graphic Rating Scale - ANSWER Uses ratings of unsatisfactory, average,
above average, and outstanding to evaluate either work quality or personal
traits.