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HRIR 3021 EXAM 3 QUESTIONS WITH CORRECT ANSWERS

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HRIR 3021 EXAM 3 QUESTIONS WITH CORRECT ANSWERS

Institution
HRIR 3021
Course
HRIR 3021

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standard hour plan


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incentive plan that pays workers extra for work done in less than a present
"standard time"




self-assessment


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use of information by employees to determine their career interests, values,
aptitudes, behavioral tendencies, and development needs

,pay level


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average amount (including wages, salaries, and bonuses) the organization
pays for a particular job




fair labor standards act (FLSA)


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federal law that establishes a minimum wage and requirements for overtime
pay and child labor




stock options


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rights to buy a certain number of shares of stock at a specified price




minimum wage


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, lowest amount that employers may pay under federal or state law, stated as
an amount of pay per hour




job structure


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relative pay for different jobs within the organization




employee development


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combination of formal education, job experiences, relationships, and
assessment of personality and abilities to help employees prepare for the
future of their careers




health maintenance organization (HMO)


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health care plan that requires patients to receive their medical care from
the HMO's health care professionals, who are often paid a flat salary, and
provides all services on a prepaid basis




job satisfaction

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Institution
HRIR 3021
Course
HRIR 3021

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