Chapter 9 Flashcards
All activities involved in acquiring maintaining and developing an organizations human resources
Human resources management
All activities involved in acquiring maintaining and developing an organizations human resources
HRM
Three phases of HRM
Acquiring
Maintaining
Developing human resources
The development of strategies to meet a firms future ham resources needs
Human resources planing
A lot of key personnel and their possible replacements within a firm
Replacement chart
A computerized data bank containing information about the skills and experience of all present employees
Skills inventory
Differences among people in a workplace owing to race ethnicity and gender
Cultural diversity
A systematic procedure for studying jobs to determine their various elements and requirements
Jon analysis
A list of the elements that make up a particular job
Job description
A list of the qualifications required to preform a particular job
Job specification
The process of attracting qualified job applicants
Recruiting
The attempt to attract job applicants from outside an organization
External recruiting
Considering present employees as applicants for available positions
Internal recruiting
The process of gathering information about applicants then using that information to choose the most appropriate applicant
Selection
The process of acquainting new employees with an organization
Orientation
The payment employees recover in return for their labor
Compensation
The policies and strategies that determine employee compensation.
Compensation system
A collection of data on prevailing wage rates within an industry or a geographic area
Wage survey
The process of determining the relative worth of various jobs within a firm
Job evaluation
A concept that seeks equal compensation for jobs requiring about the same level of education training and skills
Comparable worth
A specific amount of money paid for each hour of work
Hourly wage
A specific amount of money paid for an employees work during a set calendar period, regardless of the actual number of hours worked
Salary
A payment that is a percentage of sales revenue
Commission
A payment in addition to wages salary, or commissions
Incentive payment