Organization Flashcards
(78 cards)
Alternative dispute resolution (ADR)
Umbrella term for the various approaches and techniques, other than litigation, that can be used to resolve a dispute.
Arbitration
Method of dispute resolution by which disputing parties agree to be bound by the decision of one or more impartial persons to whom they submit their dispute for final determination.
“Big data”
High-volume, high-velocity, and high-variety information assets that require innovative forms of information processing for enhanced insight and decision making.
Blogs
Broadcast-style communications that enable authors to publish articles, opinions, product or service reviews, etc., on a web page.
Center of excellence (COE)
HR structural alternative established as an independent department that provides services within a focused area to internal clients.
Chain of command
Line of authority within an organization.
Cloud computing
Style of computing in which scalable IT-enabled capabilities are delivered as a service using Internet technologies.
Codetermination
Form of corporate governance that requires a typical management board and a supervisory board and that allows management and employees to participate in strategic decision making.
Co-employment
Situation in which an organization shares responsibility and liability for their alternative workers with an alternative staffing supplier; also known as joint employment.
Collective bargaining
Process by which management and union representatives negotiate the employment conditions for a particular bargaining unit for a designated period of time.
Conciliation
Method of nonbinding dispute resolution by which a neutral third party tries to help disputing parties reach a mutually agreeable decision; also called mediation.
Constructive discipline
Form of corrective discipline that implements increasingly severe penalties for employees; also called progressive discipline.
Cosourcing
Arrangement in which an enterprise and a vendor share different tasks within a larger complex, often strategic responsibility.
Cost-benefit analysis (CBA)
Approach to determining the financial impact of an organization’s activities and programs on profitability, through a process of data or calculation comparing value created against the cost of creating that value.
Dashboards
Reporting mechanisms that aggregate and display metrics and key performance indicators.
Data analytics
Process of studying data to detect patterns and relationships that can be used to make predictions and improve decisions.
Database
Data structure that stores organized information (numeric information as well as sound clips, pictures, and videos).
Database management system (DBMS)
Variety of software applications that electronically manage stored data.
Dedicated HR
HR structural alternative that allows organizations with different strategies in multiple units to apply HR expertise to each unit’s specific strategic needs.
Departmentalization
Way an organization groups jobs to coordinate work.
Downsizing
Termination of employment of individual employees and groups of employees for reasons other than performance, for example, economic necessity or restructuring; also known as reduction in force (RIF).
Employment at-will
Principle of employment in the U.S. that employers have the right to hire, fire, demote, and promote whomever they choose for any reason unless there is a law or contract to the contrary and that employees have the right to quit a job at any time.
Encryption
Conversion of data into a format that protects or hides its natural presentation or intended meaning.
Enterprise resource planning (ERP)
Business management software, usually a suite of integrated applications, that a company can use to collect, store, manage and interpret data from many business activities.