Podcast
Questions and Answers
What are the two types of returns included in reward systems for employees?
What are the two types of returns included in reward systems for employees?
- Tangible and intangible (correct)
- Financial and emotional
- Physical and mental
- Monetary and non-monetary
What are some of the possible negative outcomes of poorly implemented performance management systems?
What are some of the possible negative outcomes of poorly implemented performance management systems?
- Increased profits and improved employee morale
- Decreased turnover and higher self-esteem
- Damaged relationships and decreased motivation to perform (correct)
- Improved communication and increased job satisfaction
Which of the following is an example of a tangible return in a reward system?
Which of the following is an example of a tangible return in a reward system?
- Recognition
- Employment security
- Challenging work
- Cash compensation (correct)
What is a possible risk associated with poorly implemented performance management systems?
What is a possible risk associated with poorly implemented performance management systems?
Which of the following is an example of an intangible return in a reward system?
Which of the following is an example of an intangible return in a reward system?
What can happen as a result of varying and unfair standards and ratings in performance management systems?
What can happen as a result of varying and unfair standards and ratings in performance management systems?
What is a potential issue with unclear ratings systems in performance management?
What is a potential issue with unclear ratings systems in performance management?
What is the focus of base pay in a reward system?
What is the focus of base pay in a reward system?
What is a possible outcome of employee burnout in poorly implemented performance management systems?
What is a possible outcome of employee burnout in poorly implemented performance management systems?
What is the purpose of cost-of-living adjustments in a reward system?
What is the purpose of cost-of-living adjustments in a reward system?
What is contingent pay in a reward system based on?
What is contingent pay in a reward system based on?
What are short-term incentives in a reward system based on?
What are short-term incentives in a reward system based on?
What is the goal of long-term incentives in a reward system?
What is the goal of long-term incentives in a reward system?
What is the purpose of income protection programs in a reward system?
What is the purpose of income protection programs in a reward system?
Which of the following is an example of a relational return in a reward system?
Which of the following is an example of a relational return in a reward system?
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Study Notes
- Poorly implemented performance management systems can have negative consequences.
- Increased turnover and lowered self-esteem are possible outcomes.
- Use of misleading information and wasted time/money are also risks.
- Damaged relationships and decreased motivation to perform may result.
- Employee burnout and job dissatisfaction can occur.
- Increased risk of litigation and unjustified demands on resources are possible.
- Varying and unfair standards and ratings may emerge.
- Personal biases and unclear ratings systems can also be issues.
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