People Flashcards

1
Q

process of setting goals and designing a path toward a competitive position

A

strategic planning

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2
Q

system of actions that leaders take to drive an organization toward its goals and objectives

A

strategic management

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3
Q

process that involves a systematic survey and interpretation of relevant data to identify external opportunities and threats and to assess how these factors affect the organization currently and how they are likely to affect it in the future

A

environmental scanning

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4
Q

Method for assessment of an organization’s strategic capabilities through use of the environmental scanning process, by which internal and external factors affecting achievement of organizational goals are identified and considered.

A

SWOT Analysis

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5
Q

Concise outline of an organization’s strategy, specifying the activities the organization intends to pursue and the course its management has charted for the future.

A

mission statement

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6
Q

Description of what an organization hopes to attain and accomplish in the future, which guides it toward that defined direction.

A

vision statement

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7
Q

Actions, processes, or results that are needed to deliver a desired value.

A

value drivers

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8
Q

Process by which an organization identifies performance gaps and sets goals for performance improvement by comparing its data, performance levels, and/or processes against those of other organizations.

A

benchmarking

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9
Q

State in which an organization’s strategy is consistent with its external opportunities and circumstances and its internal structure, resources, and capabilities.

A

strategic fit

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10
Q

Quantifiable measures of performance used to gauge progress toward strategic objectives or agreed standards of performance.

A

KPI’s

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11
Q

Employees’ perceived value of the total rewards and tangible and intangible benefits they receive from the organization as part of employment, which drives unique and compelling organizational strategies for talent acquisition, retention, and engagement.

A

employee value proposition (EVP)

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12
Q

Clusters of highly interrelated attributes, including knowledge, skills, and abilities (KSAs), that give rise to the behaviors needed to perform a given job effectively.

A

competencies

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13
Q

Process of systematically studying a job in order to identify the activities/tasks and responsibilities it includes, the personal qualifications necessary to perform it, and the conditions under which it is performed.

A

job analysis

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14
Q

Activities that focus on preparing employees for future responsibilities while increasing their capacity to perform their current jobs.

A

developmental activities

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15
Q

Organization characterized by a capability to adapt to changes in environment.

A

learning organization

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16
Q

People who learn best through a hands-on approach; also called tactile learners.

A

kinesthetic learners

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17
Q

Learning/development programs offered initially in a controlled environment with a segment of the target audience.

A

pilot program

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18
Q

Instructional design model that works to gain feedback and build models early in the process; generally has three phases: preparation, iterative design, and iterative development.

A

successive approximation model (SAM)

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19
Q

Instructional design model based on the concept that training should be tightly focused on specific performance measures that the organization has determined are important.

A

action mapping

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20
Q

Process of delivering educational or instructional programs to locations away from a classroom or central site.

A

distance learning

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21
Q

System that holds course content information and has the capability of tracking and managing employee course registrations, career development, and other employee development activities.

A

learning management system (LMS)

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22
Q

Career development programs that identify meaningful career paths for professional and technical people outside traditional management roles.

A

dual career ladders

23
Q

Assessment tools that present prospective leaders with sample situations and problems they might encounter in a work environment.

A

situation judgment tests (SJT’s)

24
Q

Assessment tools that provide candidates a wide range of leadership situations and problem-solving exercises.

A

assessment centers

25
Q

Direct and indirect remuneration approaches that employers use to attract, recognize, and retain workers.

A

total rewards

26
Q

Plan or method implemented by an organization that provides monetary, benefits-in-kind, and developmental rewards to employees who achieve specific business goals.

A

total rewards strategy

27
Q

Compensation provided on an individual basis in the form of goods or services.

A

perquisites

28
Q

Payments in return for the achievement of specific, time-limited, targeted objectives.

A

premiums

29
Q

Short but broad statement documenting an organization’s guiding principles and core values about employee compensation.

A

compensation philosophy

30
Q

Extent to which employees perceive that monetary and other rewards are distributed equitably, based on effort, skill and/or relevant outcomes.

A

internal equity

31
Q

Situation in which an organization’s compensation levels and benefits are similar to those of other organizations that are in the same labor market and compete for the same employees.

A

external equity

32
Q

Job evaluation method in which the relative worth and pay structure of different jobs are based on an assessment of their content and their relationship to other jobs within the organization.

A

job-content-based job evaluation

33
Q

Job evaluation method that involves establishing a hierarchy of jobs from lowest to highest based on each job’s overall value to the organization.

A

job ranking

34
Q

Job evaluation method in which each job is compared with every other job being evaluated; the job with the largest number of “greater than” rankings is the highest-ranked job, etc.

A

paired-comparison method

35
Q

Job evaluation method that looks at compensable factors (such as skills and working conditions) that reflect how much a job adds value to the organization; points are assigned to each factor and then added to come up with an overall point value for the job.

A

point-factor system

36
Q

Job evaluation method in which the relative worth and pay structure of different jobs are based on their market value or the going rate in the marketplace.

A

market-based job evaluation

37
Q

Instruments that collect information on prevailing market compensation and benefits practices (including starting wage rates, base pay, pay ranges, statutory and market cash payments, variable compensation, and paid time off).

A

remuneration surveys

38
Q

Used to group jobs that have approximately the same relative internal or external worth and are paid at the same rate or within the same pay range.

A

pay grades

39
Q

pay rate divided by the midpoint of the pay range

A

compa-ratio

40
Q

Combining several salary grades or job classifications with narrow pay ranges into one band with a wider salary spread.

A

broadbanding

41
Q

Provides each incumbent of a job with the same rate of pay, regardless of performance or seniority; also known as flat-rate pay.

A

single-rate pay

42
Q

Provides each incumbent of a job with the same rate of pay, regardless of performance or seniority; also known as single-rate pay.

A

flat-rate pay

43
Q

System in which pay is based on longevity in the job and pay increases occur on a pre-determined schedule.

A

time-based step-rate pay

44
Q

Situation where an individual’s performance on the job is the basis for the amount and timing of pay increases; also called merit pay or pay for performance.

A

performance-based pay

45
Q

Situation where an individual’s performance on the job is the basis for the amount and timing of pay increases; also called performance-based pay or pay for performance.

A

merit pay

46
Q

Situation where an individual’s performance on the job is the basis for the amount and timing of pay increases; also called merit pay or performance-based pay.

A

pay for performance (P4P, PfP)

47
Q

Pay based on the quantity of work and outputs that can be accurately measured.

A

productivity-based pay

48
Q

Pay systems in which employee characteristics, rather than the job, determine pay.

A

person-based pay

49
Q

Pay adjustment given to eligible employees regardless of performance or organizational profitability; usually linked to inflation.

A

cost-of-living adjustment (COLA)

50
Q

Form of direct compensation where employers pay for performance beyond normal expectations to motivate higher performance.

A

incentive pay

51
Q

Situations in which employees’ pay is above the range maximum.

A

red-circle rates

52
Q

Situations in which an employee’s pay is below the minimum of the range.

A

green-circle rates

53
Q

Occurs when there is only a small difference in pay between employees regardless of their experience, skills, level, or seniority; also known as salary compression.

A

pay compression