Krystel Ann Tanawon BSCA-22A1 3) Theoratically, A company cannot avoid the

payment of benefits to employees, Discuss;

1) Define following:
- Benefits are paid biweekly (every other week). The
Reward System - group of neural structures biweekly payment is usually made within four days
responsible for incentive salience (i.e., "wanting", after the biweekly claim is filed, but it may take up to
desire, or craving), pleasure (i.e., hedonic "liking"), ten days to receive payment. Payments may be
and reinforcement learning (e.g., positive delayed if there is an eligibility issue that must be
reinforcement). resolved before payment can be made.
Compensation System - used to indicate the
employee's gross earnings in the form of financial 4) Company benefits
rewards and benefits.
Job evaluation- is a systematic way of determining Child and Elder care benefits
the value/worth of a job in relation to other jobs in an
organization. It tries to make a systematic Compensation time
comparison between jobs to assess their relative
Family-friendly benefits
worth for the purpose of establishing a rational pay
structure. Flex time
Point System- a system for distributing or allocating
resources or for ranking or evaluating candidates or Health insurance
claimants on the basis of points allocated or Job resources
accumulated.
Collective bargaining agreement- means Life and disability insurance
an agreement in writing or writings between an
Phased retirement
employer and a trade union setting forth the terms
and conditions of employment or containing Professional development
provisions in regard to rates of pay, hours of work or
Relocation
other working conditions of employees.
Incentive plans- motivate employees to exceed Retirement investment plans
expectations and grow the business.
Such plans promote exceptional behavior during a Sick, personal, and parental leave
specific period. In addition, they attract potential Tuition reimbursement
employees to an organization and encourage
company loyalty. Vacation time
- Job Factors- Aspects specific to a job, such as 5) Characteristics of Managerial Positions
knowledge and skills, mental and physical demands, Creativity
and working conditions that can be recognized, Structure
defined, and assessed. Also called job Intuition
characteristics. Knowledge
Commitment
Being Human
Versatility
2) When is appropriate to pay employees using the Lightness
piece rate method? Discipline
Small Actions
A: The piece rate system is that system of wage payment in
which the workers are paid on the basis of the units of output 6.) Other factors to motivate the worker to work
produced. Piece rate system does not consider the time
spent by the workers. Piece rate system is the method of Individual Attention matters
Advancement opportunities are enticing
remunerating the workers according to the number of unit
Leader set the examples
produced or job completed. It is also known as payment by
Environment motivators can motivate you
result or output. Piece rate system pays wages at a fixed
Socialization makes people committed
piece rate for each unit of output produced. The total wages Transparency is the key to communication
earned by a worker is calculated by using the formula.