CHRA- Patrick

Base pay

is the minimum compensation received by an employee excluding benefits, allowances, incentives and bonuses.

Job evaluation

is the process of analyzing and assessing various jobs systematically to ascertain their relative worth in an organization

Pay compression

also known as wage, is pay differential that results from various causes, but that is often deemed as unfair or unequal by members of a workforce.

Compensable factors

can be simply understood as the criteria used to evaluate a job and on the basis of which salary/wages of the employee is computed.

Wages

refers to a defined amount of money given to an individual for work or services which is given on a daily or weekly basis.

Piece Wages

Time Wages

Cash Wages

Wages in Kind

Contract Wage

What are the types of wages?

Piece Wages

Piece wages are the wages paid according to the work done by the worker. To calculate the piece wages, the number of units produced by the worker are taken into consideration

Time Wages

If the labourer is paid for his services according to time

Cash Wages

Cash wages refer to the wages paid to the labour in terms of money.

Wages in Kind

When the labourer is paid in terms of goods rather than cash, is called the wage in kind. These types of wages are popular in rural areas

Contract Wages

Under this type, the wages are fixed in the beginning for complete work.

Variable pay

is the portion of sales compensation determined by employee performance.

Direct compensation

refers to the compensation that an employee receives directly from his or her place of work.

Indirect compensation

refers to the non monetary benefits provided to the employees by the organization they serve.

Intrinsic rewards

include things such as: personal achievement, professional growth, sense of pleasure and accomplishment.

Extrinsic motivation

is a tangible and visible reward given to an individual or an employee for achieving something.

Salaries

is defined as the decided monetary amount that an employer offers an employee in lieu of the services offered by the employee.

Job design

is a psychological theory of motivation that is defined as the systematic and purposeful allocation of task to groups and individuals within an organization.

skill variety

task identity

task significance

autonomy

job feedback

five core characteristics of job design

Job Design

is the process of organizing work as group of tasks, arranging and defining the job process and structure at the workplace depending on the job analysis performed.

Job rotation

is a management approach in which employees are shifted between two or more assignments or jobs in a planned manner so that the employee can be motivated as well as can learn and hone skills. This rotation is done at regular intervals of time.

job specification

defines the knowledge, skills and abilities that are required to perform a job in an organization

Performance standards

are set in order to provide a benchmark against which the actual performances of the employees are evaluated during a review process

On the job training

is a hands-on method of teaching the skills, knowledge, and competencies needed for employees to perform a specific job within the workplace.

Reinforcement

refers to the application or addition of a stimulus that increases or maintains the probability of some behaviour.

Hiring Cost

measures how much it costs a company to fill an open job position. It includes all the cost associated with filling a position, such as advertising expenses, recruiting events costs, recruitment software fees, relocation expenses, etc.

Benchmarking

is a process that is used in order to compare similar characteristics across organizations in order to identify milestones.

Onboarding

also known as organizational socialization, refers to the mechanism through which new employees acquire the necessary knowledge, skills, and behaviors to become effective organizational members and insiders.

Outsourcing

The practice of having certain job functions done outside a company instead of having an in-house department or employee handle them; functions can be outsourced to either a company or an individual.

Turn-over

Employee turnover refers to the number or percentage of workers who leave an organization and are replaced by new employees.

Work life balance

is a method which helps employees of an organization to balance their personal and professional lives.

Labor standards

refers to the standard conventions with respect to the workers, in matters of basic worker rights, working conditions, wages to be paid & also related to job security.

Employer-employee relationships

is the legal link between employers and employees. It exists when a person performs work or services under certain conditions in return for remuneration.

Labor only Contracting

is one which presents itself as an employer even if it does not have capital to run a business or capacity to ensure that its workers are paid their wages and other benefits as prescribed by law.

Right to hire

Payment of salaries and wages for services

Power of dismissal

Power to control

Four fold test elements