Chapter 9 Flashcards
(32 cards)
Human resources
The employees who work for a business
Human resources department
Oversees human resources within an organization
Human resources planning
Creating strategy to meet employment needs of a company
Job analysis
A process that identifies the job requirements for a position, employee qualifications, and how success will be evaluated
Job description
Defines the position and expectations of a job
Compensation
Payment to an employee for work performed, including wages or salaries, incentives, and benefits
Competitive wages
Wages that are at least equal to those paid by similar businesses in the area
Training
Specific and job-related to prepare new employee for the job
Orientation
The overview of the company and operations
Professional development
Education for people who have already completed their formal schooling and training
Wage
A payment for work calculated hourly, daily, or weekly
Salary
Fixed payment for work and is expressed as an annual figure
Incentives
A type pf compensation based on performance
Bonus
Money added to an employee’s base pay
Commission
Income paid as a percentage of sales made by a salesperson
Piecework
A wage based on a rate per unit of work completed
Benefit
A from of noncash compensation received in addition to a wage or salary, such as medical and dental insurance, sick leave, vacation time, and profit-sharing
Performance evaluation
Assess how well employees are performing their jobs
Job promotion
The advancement of an employee within a company to a position of greater responsibility
Termination
The process of ending the relationship between and employer and an employee
Downsizing
A general reduction in the number of employees within a company
Labor union
A group of workers united as a single body to protect and advance the rights and interests of its members
White-collar worker
One who primarily uses mental abilities and knowledge acquired in higher education
Blue-collar worker
One whose job involves physical labor