HRM 2600 Chapter 9: Chapter 9

• School: York University
• Department: Human Resources Management
• Course: HRM 2600
• Professor: Shelley Millman

Document Summary

Pay-for-performance standard: standard by which managers tie compensation to employee effort and performance raise productivity and lower labour costs. Merit-based, bonuses, salary commissions, job & pay banding, team/group incentives, gainsharing programs. Pay secrecy: pay kept secret, not disclosed and no need to justify or defend them. Hourly work: work paid on an hourly basis. Piecework: work paid according to the number of units produce. Collective bargaining: real wages: wage increases larger than rises in the consumer price index. Work valuation: job evaluation system that seeks to measure a job s worth through its value to the organization. Hay profile method: job evaluation technique using three factors knowledge, metal activity, and accountability to evaluate executive and managerial positions. Wage and salary survey: a survey of the wages paid to employees of other employers in the surveying organization s relevant labour market. Wage curve: a curve in a scattergram representing the relationship between relative worth of jobs and wage rates.