Bifalgorithm post · IntroductionToBusiness OP 8D04gAa · 2026-10-07-36573 · Summary of Learning Outcomes
How do organizations develop, evaluate, and compensate employees?
How do organizations develop, evaluate, and compensate employees? (IntroductionToBusiness OP 8D04gAa · 2026-10-07-36573 · Summary of Learning Outcomes) — "Acti…
Ideas in this flowchart
- Employee training, performance appraisal, and compensation practices
- Training and development programs
- Training provides learning situations in which employees acquire knowledge or skills to improve job performance.
- Formal training is usually classroom-based, off-the-job, and provided shortly after hiring.
- Development programs prepare employees for positions with increasing authority and responsibility.
- Examples include job rotation, executive education, mentoring, and special-project assignments.
- Performance appraisal
- A performance appraisal compares an employee’s actual performance with expected performance.
- Appraisals help determine compensation, training needs, and advancement opportunities.
- Employee compensation
- Direct pay is the hourly wage or monthly salary paid to an employee.
- Direct pay may also include bonuses and profit shares.
- Indirect pay consists of various benefits and services.
- Benefits required by law include unemployment compensation, workers’ compensation, and Social Security.
- Unemployment compensation is a government payment to unemployed former workers.
- Workers’ compensation pays for lost work time caused by employment-related injuries.
- Employers may also offer benefits not required by law.
- Examples include paid vacations and holidays, pensions, health and other insurance, wellness programs, and college tuition reimbursement.
