People Flashcards

(115 cards)

1
Q

Balanced scorecard

A

Performance management tool that depicts an
organization’s overall performance, as measured
against goals, lagging indicators, and leading
indicators.

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2
Q

Benchmarking

A

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.

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3
Q

Environmental scanning

A

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 the organization in the future.

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4
Q

Key performance indicators (KPIs)

A

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

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5
Q

Lagging indicator

A

Type of metric describing an activity or change in
performance that has already occurred.

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6
Q

Leading indicator

A

Type of metric describing an activity that can change
future performance and predict success in the
achievement of strategic goals.

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7
Q

Mission statement

A

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.

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8
Q

Organizational values

A

Beliefs and principles defined by an organization to
direct and govern its employees’ behavior.

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9
Q

PESTLE analysis

A

Scanning process that searches for environmental
forces in political, economic, social, technological,
legal, and environmental categories.

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10
Q

SWOT analysis

A

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.

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11
Q

Strategic fit

A

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

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12
Q

Strategic management

A

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

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13
Q

Strategic planning

A

Process of setting goals and designing a path toward a
competitive position.

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14
Q

Strategy

A

Plan of action for accomplishing an organization’s
overall and long-range goals.

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15
Q

Systems thinking

A

Process for understanding how seemingly independent
units within a larger entity interact with and influence
one another.

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16
Q

Value drivers

A

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

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17
Q

Vision statement

A

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

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18
Q

Applicant tracking system (ATS)

A

Software application that automates organizations’
management of the recruiting process (such as
accepting application materials, screening applicants,
etc.).

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19
Q

Competencies

A

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

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20
Q

Employee value proposition (EVP)

A

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.

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21
Q

Employment branding

A

Process of positioning an organization as an “employer
of choice” in the labor market.

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22
Q

Essential functions

A

Primary job duties that a qualified individual must be
able to perform, either with or without accommodation.

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23
Q

Head count

A

Number of people on an organization’s payroll at a
particular moment in time.

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24
Q

Job analysis

A

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.

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25
Job description
Document that describes a job and its essential functions and requirements (including tasks, knowledge, skills, abilities, responsibilities, and reporting structure).
26
Job specifications
Written statements of the minimum qualifications for the job incumbent.
27
Onboarding
Process of assimilating new employees into an organization through orientation programs and their experiences in their first months of employment.
28
Orientation
Process by which new employees become familiar with the organization and with their specific department, coworkers, and job.
29
Reasonable accommodation
Modifying a job application process, a work environment, or the circumstances under which a job is performed to enable a qualified individual with a disability to be considered for the job and perform its essential functions.
30
Recruitment
Process by which an organization seeks out candidates and encourages them to apply for job openings.
31
Selection
Process of evaluating the most suitable candidates for a position.
32
Selection interviews
Interviews designed to probe areas of interest to the interviewer in order to determine how well a job candidate meets the needs of the organization.
33
Selection screening
Analyzing candidates’ application forms, curricula vitae, and résumés to locate the most-qualified candidates for an open job.
34
Sourcing
Process by which an organization generates a pool of qualified job applicants.
35
Staffing
HR function that acts on the organizational human capital needs identified through workforce planning and attempts to provide an adequate supply of qualified individuals to complete the body of work necessary for the organization’s financial success.
36
Employee engagement
Employees’ emotional commitment to an organization, demonstrated by their willingness to put in discretionary effort to promote the organization’s effective functioning.
37
Employee life cycle (ELC)
Activities associated with an employee’s tenure in an organization.
38
Employee surveys
Instruments that collect and assess information on employee engagement, satisfaction, and perceptions surrounding the work environment.
39
Performance appraisal
Process of measuring and evaluating an employee’s adherence to performance standards and providing feedback to the employee.
40
Performance management
Tools, activities, and processes that an organization uses to manage, maintain, and/or improve the job performance of employees.
41
Performance standards
Behaviors and results as defined by an organization to communicate the expectations of management.
42
Realistic job preview (RJP)
Tool used to provide a job applicant with honest, complete information about a job and the work environment.
43
Retention
Ability of an organization to keep its employees.
44
Stay interviews
Structured conversations with employees for the purpose of determining which aspects of a job encourage employee retention or may be improved to do so.
45
Well-being
Physical, psychological, and social aspects of employee health.
46
ADDIE model
Instructional systems design framework consisting of five steps that guide the design and development of learning programs.
47
Action mapping
Instructional design model based on concept that training should be tightly focused on specific performance measures that the organization has determined are important.
48
Apprenticeship
Related to technical skills training; often a partnership between employers and unions.
49
Assessment centers
Assessment tools that provide candidates a wide range of leadership situations and problem-solving exercises.
50
Auditory learners
People who learn best by relying on their sense of hearing.
51
Blended learning
Planned approach to learning that includes a combination of instructor-led training, self-directed study, and/or on-the-job training.
52
Career development
Progression through a series of employment stages characterized by relatively unique issues, themes, and tasks.
53
Career management
Preparing, implementing, and monitoring employees’ career paths, with a primary focus on the goals and needs of the organization.
54
Career planning
Actions and activities that individuals perform in order to give direction to their work lives.
55
Coaching
Focused, interactive communication and guidance intended to develop and enhance on-the-job performance, knowledge, or behavior.
56
Developmental activities
Activities that focus on preparing employees for future responsibilities while increasing their capacity to perform their current jobs.
57
Distance learning
Process of delivering educational or instructional programs to locations away from a classroom or central site.
58
Dual career ladders
Career development programs that identify meaningful career paths for professional and technical people outside traditional management roles.
59
E-learning
Electronic media delivery of educational and training materials, processes, and programs.
60
Individual development plan (IDP)
Document that guides employees toward their goals for professional development and growth.
61
Job enlargement
Process of broadening a job’s scope by adding different tasks to the job.
62
Job enrichment
Process of increasing a job’s depth by adding responsibilities to the job.
63
Job rotation
Movement between different jobs.
64
Kinesthetic learners
People who learn best through a hands-on approach; also called tactile learners.
65
Leader development
Training and professional development programs targeted at assisting management- and executive-level employees in developing the skills, abilities, and flexibility required to deal with a variety of situations.
66
Leadership
Ability to influence, guide, inspire, or motivate a group or person to achieve their goals.
67
Learning management system (LMS)
System that holds course content information and has the capability of tracking and managing employee course registrations, career development, and other employee development activities.
68
Learning organization
Organization characterized by a capability to adapt to changes in environment.
69
Mentoring
Relationship in which one person helps guide another’s development.
70
On-the-job training (OJT)
Training provided to employees at the work site utilizing demonstration and performance of job tasks.
71
Organizational learning
Acquisition and/or transfer of knowledge within an organization through activities or processes that may occur at several organizational levels; ability of an organization to learn from its mistakes and adjust its strategy accordingly.
72
Pilot programs
Learning/development programs offered initially in a controlled environment with a segment of the target audience.
73
Situation judgment tests (SJTs)
Assessment tools that present prospective leaders with sample situations and problems they might encounter in a work environment.
74
Successive approximation model (SAM)
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.
75
Training
Process by which employees are provided with the knowledge, skills and abilities (KSAs) specific to a task or job.
76
Visual learners
People who learn best by relying on their sense of sight.
77
Webconferencing
Using the Internet to conduct meetings and give presentations to an audience who has joined the meeting remotely.
78
Webinar
Form of webconferencing where a presenter facilitates communication of material or information to an audience in real time.
79
Benefits
Mandatory or voluntary payments or services provided to employees, typically covering retirement, health care, sick pay/disability, life insurance, and paid time off.
80
Broadbanding
Combining several salary grades or job classifications with narrow pay ranges into one band with a wider salary spread.
81
Compa-ratio
Pay rate divided by the midpoint of the pay range.
82
Compensation
All financial returns (beyond any tangible benefits payments or services), including salary and allowances.
83
Compensation philosophy
Short but broad statement documenting an organization’s guiding principles and core values about employee compensation.
84
Cost-of-living adjustment (COLA)
Pay adjustment given to eligible employees regardless of performance or organizational profitability; usually linked to inflation.
85
Domestic partners
Unmarried couples, of the same or opposite sex, who live together and seek economic and noneconomic benefits comparable to those granted to their married counterparts.
86
External equity
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.
87
Flat-rate pay
Provides each incumbent of a job with the same rate of pay, regardless of performance or seniority; also known as single-rate pay.
88
General pay increase
Pay increase given to employees based on local competitive market requirements; awarded regardless of employee performance.
89
Green-circle rates
Situations in which an employee’s pay is below the minimum of the range.
90
Incentive pay
Form of direct compensation where employers pay for performance beyond normal expectations to motivate higher performance.
91
Internal equity
Extent to which employees perceive that monetary and other rewards are distributed equitably, based on effort, skill and/or relevant outcomes.
92
Job classification
Job evaluation method in which descriptions are written for each class of jobs; individual jobs are then put into the grade that best matches their class description.
93
Job evaluation
Process of determining a job’s value and price for the purpose of attracting and retaining employees by comparing the job against other jobs within the organization or against similar jobs in competing organizations.
94
Job ranking
Job evaluation method that involves establishing a hierarchy of jobs from lowest to highest based on each job’s overall value to the organization.
95
Job-content-based job evaluation
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.
96
Lump-sum increase (LSI)
One-time payment made to an employee.
97
Market-based job evaluation
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.
98
Merit pay
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.
99
Paired-comparison method
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.
100
Pay compression
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.
101
Pay for performance (P4P, PfP)
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.
102
Pay grades
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.
103
Pay ranges
Set the upper and lower bounds of possible compensation for individuals whose jobs fall within a pay grade.
104
Performance-based pay
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.
105
Perquisites
Compensation provided on an individual basis in the form of goods or services.
106
Person-based pay
Pay systems in which employee characteristics, rather than the job, determine pay.
107
Point-factor system
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.
108
Premiums
Payments in return for the achievement of specific, time-limited, targeted objectives.
109
Productivity-based pay
Pay based on the quantity of work and outputs that can be accurately measured.
110
Red-circle rates
Situations in which employees’ pay is above the range maximum.
111
Remuneration surveys
arket compensation and benefits practices (including starting wage rates, base pay, pay ranges, statutory and market cash payments, variable compensation, and paid time off).
112
Single-rate pay
Provides each incumbent of a job with the same rate of pay, regardless of performance or seniority; also known as flat-rate pay.
113
Time-based step-rate pay
System in which pay is based on longevity in the job and pay increases occur on a pre-determined schedule.
114
Total rewards
Direct and indirect remuneration approaches that employers use to attract, recognize, and retain workers.
115
Total rewards strategy
Plan or method implemented by an organization that provides monetary, benefits-in-kind, and developmental rewards to employees who achieve specific business goals.