The Labor Relations Term for a One-Time Payment Made to Adjust

question 7

Multiple Choice

The labor relations term for a one-time payment made to adjust wages which does not affect an employee's hourly base wage rate is:

• A) Holiday pay.
• B) Wage re-opener.
• C) Vacation pay.
• D) Lump-sum pay adjustment.
• E) Spillover effect.

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Definitions:

Ethics

The moral choices a person makes.

Organizational Values

Core principles or standards that guide the behavior, decisions, and actions of an organization and its employees.

Individual Values

Personal principles or standards of behavior; one's judgment of what is important in life.

Meaningful Work

Work that is viewed as having significance and purpose by the individual performing it.