Compensation

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Across
  1. 1. Anything provided by the job or the organization that satisfied an employee
  2. 7. Strength of the individuals attachment to their organization
  3. 10. Legislation that sets minimum standards for pay and other conditions of employment;employer must abide
  4. 12. Constraints on compensation strategy caused by the nature of the products/service market in which the firm opperates
  5. 18. Non cash items that satisfy a variety of specific employee needs; sometimes known as "employee benefits"
  6. 19. Basic component of skill based pay system containing a a bundle of skill or knowledge necessary to carry out a specific production or service delivery task
  7. 20. Sense of shared goals and belongingness and the desire to remain a member of the organization
  8. 21. Any type of plan through which employees acquire shares in the firm that employs them
  9. 22. Testing process that determines whether an individual has mastered a given skill block and should be granted the pay raise associated with that skill block
  10. 24. Occurs when the employee decides to join and remain with the firm
Down
  1. 2. Mix or intrinsic and extrinsic rewards that an organization provides to its members
  2. 3. Attitude one holds towards good job performance
  3. 4. Compensation philosophy that considers the entire spectrum of rewards that an organization may offer to their employees
  4. 5. Workers not employed on a permanent full time basis
  5. 6. Constraints on a compensation strategy flowing from the relative levels of demand and supply for particular occupational groups
  6. 7. Behaviour that occurs when employees voluntarily undertake special behaviours beneficial to organization
  7. 8. One part of reward strategy; plan for mix of rewards that the organization intends to provide its members and for how those rewards will be practiced
  8. 9. An increase to an employees base pay in recognition of good job performance
  9. 11. Pay that is geared to the dollar volume of sales or transactions conducted
  10. 12. Focuses on identifying and exploiting new opportunities quickly; can copy and make cheaper
  11. 13. Strategy that focuses on dominating a narrow product or service market segment; focus on quality
  12. 14. Strategy that assumes most employees inherently dislike work but can be induced to work in order to satisfy economic needs
  13. 15. Employees receive shares in their employer firm at no cost to employee
  14. 16. Plan for the mix of rewards to be provided to members, along with means for which they will be provided
  15. 17. Establishing base pay according to the total value of the skills and competencies an employee has acquired
  16. 23. Pay system under which individuals receive a specified sum of money for each unit of output they produce or process