MGT-3070 Study Guide - Quiz Guide: Employee Stock Ownership Plan, Aflac, Piece Work
20 Aug 2015
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What does the aflac duck sell and compare and contrast that to workers comp: both are insurance, one is work related the other is not. Workers comp has an experience rating and is paid by employer, workers comp has to be work related, aflac doesn"t. Job evaluation- an administrative procedure for measuring the relative internal worth of organizations jobs: compensable factors- the characteristics of a job that the organization values and chooses to pay for. Most common form of employee ownership: balanced scorecard- a combination of performance measures direct toward the company"s long and short term goals and used as the basis for awarding incentive pay, financial, customer, internal, learning and growth. An employee does not need to show that the employer was grossly negligent in order to receive compensation. These free employers from the risks that investments will not perform as well as expected.
