Org Man, 2nd quarter

• COMPENSATION:

  The total cash and non-cash payments that you give to an employee in exchange for the work they do for your business.
• COMPENSATION GUIDELINES MINIMUM WAGE LAW-

  The Wage Rationalization Act, Republic Act No. 6727, sets the minimum wage rates applicable per region, province, and industry sector.
• WHAT IS A REWARD SYSTEM?

  A reward system helps to motivate employees to achieve high-quality performance. It helps to attract and retain highly skilled workers. Reward systems promote fairness and equity by rewarding employees according to their contribution and effort to the organization
• ·       salary refers to compensation given to professionals on a monthly or semi-monthly basis.
• ·       Base pay or basic pay is the fixed part of pay
• ·       wage refers to compensation given on a weekly or daily basis
• Direct Compensation examples:

  Worker's salaries

  Incentive pays

  Bonuses
• Indirect Compensation examples:

  travel

  health

  education
• Nonfinancial Compensation example:

  recognition programs

  enjoying management support
• PERFORMANCE EVALUATION:

  A formal and productive procedure to measure an employee’s work and results based on their job responsibilities
• 1. Administrative Purposes

  ·       These are fulfilled through appraisal/evaluation programs that provide information that may be a basis for compensation decisions, promotions, transfers, and promotions. Human resource planning may also make use of it for recruitment and selection of potential employees.
• 2. Developmental Purposes

  These are fulfilled through appraisal/evaluation programs that provide information about employees’ performance and their strengths and weaknesses that may be used as the basis for identifying their training development needs
• ·       Employee relations apply to all phases of work activities in organizations, and managers, to be effective, must be able to encourage good employee relations among all human resources under his or her care
• Employee movements are inevitable and are often the result of evaluation or structural changes within an organization
• Vertical movement entails the movement of an employee from a lower position
• ·       Horizontal movements involve the transfer of an employee to another department or position with similar responsibilities or status.

   
• EMPLOYEE MOVEMENTS:

         1. Promotion

         2. Demotion

         3. Transfer

         4. Separation
• LEADING

  • It refers to relating with others so that their work efforts achieve organizational goals by means of motivating and inspiring your fellow coworkers.
• EARLY LEADERSHIP THEORIES BY KREITNER AND KINICKI  (2013)
• Trait Theory

  a theory based on leader traits or personal characteristics that differentiate leaders from followers.
• Behavioral Theory

  ·       a theory that focuses on the behaviour, action, conduct, demeanour, or deportment of a leader instead of his or her personality traits
• Behavioral theory:   Leaders are made and not born.
• . Fiedler Model

  ·       The theory is based which a leader’s style is fitted to actual situations
• . Hersey-Blanchard Model

  ·       A theory proposed by Paul Hersey and Ken Blanchard. The theory focused on subordinates’ readiness or the extent to which the said subordinates have the ability and willingness
• . Path-Goal Theory

  theory developed by Robert House which states that the leader’s task is to lead his other followers or subordinates in achieving their goals
• CONTEMPORARY THEORIES OF LEADERSHIP

  Fiedler Model

  Hersey-Blanchard Model

  Path-Goal Theory
• HOUSE IDENTIFIED FOUR LEADERSHIP BEHAVIORS:

  directive leadership

  supportive leadership

  participative leadership

  achievement-oriented leadership
• directive leadership – where the leader gives specific guidelines to followers so that task accomplishment would be easier;
• . supportive leadership – where the leader shows concern and friendliness to subordinates;
• participative leadership – where the leader asks for suggestions from followers before decision-making;
• achievement-oriented leadership – where the leader sets the goals that subordinates must try to achieve
• MODERN LEADERSHIP VIEWS

  ·       Transactional Leadership Model

  ·       Transformational Leadership Model

  ·       Charismatic Leadership Theory

  ·       Visionary Leadership Theory

  ·       Team Leadership Theory

  Servant Leadership Theory
• ·       Transactional Leadership Model: utilizes punishments and rewards
• ·       Transformational Leadership Model: encourages members to try things out of their comfort zone
• ·       Servant Leadership Theory: self less leadership style
• ·       Visionary Leadership Theory: leader inspires to pursue using long term vision
• ·       Charismatic Leadership Theory: strong communicative skills, persuasiveness, strong engagement skills, open in taking risks
• Chain Network – communication flows according to the usual formal chain of command, downward and upward
• All-channel Network – communication flows freely among all members of a team.

   
• Wheel Network – communication flows between a leader and other members of their group/team.