Labor Markets
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Orgs must compete to obtain human resources in labor markets
-competition establishes minimum an org must pay to hire an employee for
particular job
Equal Employment Opportunity
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Employers myst not base differences in pay on age, sex, race
-no guarantee of equal pay for men and women, white and minorities
,Merit Pay
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System of linking pay increases to ratings on performance appraisals.
Judging Fairness about pay
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1.External Equity- what they think employees in other orgs with same job
make
2.Internal Equity- what they think other employees in org make for other
jobs 3.Individual Equity- what they think other employees in org make for
doing same job
Managing Expatriates
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After setting total pay, org divides amount into four components of total
pay package:
1.Base Salary
2.Tax equalization allowance
3. Benefits
4. Allowances
Long-term Incentives
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Include stock options and purchase plans.
-Rationale is executives will want to do what is best for org because the
value of their stock will grow
Checkoff Provision
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Contract provision under which employer, on behalf of union, automatically
deducts union dues from employee paychecks
Work Stoppages
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Strike: collective decision by union members not to work until demands are
met
Lockout: employer excludes workers from workplace until conditions are
met
Retirement Plans
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-Defined contribution plan
-Money purchase plans
-Profit-sharing/Employee stock ownership plans
Give this one a try later!
Orgs must compete to obtain human resources in labor markets
-competition establishes minimum an org must pay to hire an employee for
particular job
Equal Employment Opportunity
Give this one a try later!
Employers myst not base differences in pay on age, sex, race
-no guarantee of equal pay for men and women, white and minorities
,Merit Pay
Give this one a try later!
System of linking pay increases to ratings on performance appraisals.
Judging Fairness about pay
Give this one a try later!
1.External Equity- what they think employees in other orgs with same job
make
2.Internal Equity- what they think other employees in org make for other
jobs 3.Individual Equity- what they think other employees in org make for
doing same job
Managing Expatriates
Give this one a try later!
After setting total pay, org divides amount into four components of total
pay package:
1.Base Salary
2.Tax equalization allowance
3. Benefits
4. Allowances
Long-term Incentives
, Give this one a try later!
Include stock options and purchase plans.
-Rationale is executives will want to do what is best for org because the
value of their stock will grow
Checkoff Provision
Give this one a try later!
Contract provision under which employer, on behalf of union, automatically
deducts union dues from employee paychecks
Work Stoppages
Give this one a try later!
Strike: collective decision by union members not to work until demands are
met
Lockout: employer excludes workers from workplace until conditions are
met
Retirement Plans
Give this one a try later!
-Defined contribution plan
-Money purchase plans
-Profit-sharing/Employee stock ownership plans
