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Can you name the Business Key Terms?
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/11 Key Terms correct
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a specific amount of money paid for each hour of work
A specific amount of money paid for an employee's work during a set calender period, regardless of the actual number of hours worked
A payment that is a percentage of sales revenue
A payment in addition to wages, salary, or commission
An entire pay raise taken in one lump sum
The distribution of a percentage of a firm's profit among it's employees
A reward in addition to regular compensation that is provided indirectly to employees
Compensation plan whereby an employee receives a predetermined amount of benefit dollars to spend on a package of benefits he or she has selected to meet individual needs
The process of teaching operators and technical employees how to do their present jobs more effectively and efficiently
The process of preparing managers and other professionals to assume increased responibility in both present and future positions
The evalulation of employees' current and potential levels of performance to allow managers to make objective human resources decisions
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