Vocab2 Flashcards
(199 cards)
Equal work
Work having equal skills, equal effort, equal responsibility, and similar working conditions, all performed at the same location.
Equity
Amount of owners’ or shareholders’ portion of a business.
Ergonomics
Design of the work environment to address the physical demands experienced by employees.
Essential functions
Primary job duties that a qualified individual must be able to perform, either with or without accommodation; a function may be considered essential because it is required in a job or because it is highly specialized.
Ethics
System of moral principles and values that establish appropriate conduct.
Evaluation
Level of learning characterized by ability to make judgments.
Excelsior List
List the employer has to provide the union with the names and addresses of certain employees within seven days after the direction of or consent to an election.
Excess deferral plans
Nonqualified deferred compensation plans that provide benefits to selected management or highly compensated employees beyond Section 415 limitations.
Excess group-term life insurance
Amount of employer-provided group-term life insurance over $50,000.
Exclusive provider organization (EPO)
Plan in which participants must use providers in the network of coverage or no payment will be made.
Executive coaching
Coaching typically conducted by a third-party vendor to support managers in mastering the fundamental principles and practices for achieving extraordinary results and empowering staff success.
Executive search firms
External recruiting method; firms seek out candidates, usually for executive, managerial, or professional positions.
Exempt employees
Employees who are excluded from FLSA minimum wage and overtime pay requirements.
Exit interview
Interview conducted when an employee is terminating with an organization in which employee is asked to share views on selected issues.
Expatriates
Collective term for employees sent abroad to work in a country other than where they live.
Expatriation
Process of sending employees abroad and supporting their ability to adapt to cultural changes and complete their international assignment.
Experience rating
Rating system that bases insurance rates on claims history.
Explanation of benefits (EOB)
Written statement provided by an insurance provider indicating what portion of a benefit claim was paid to the health-care provider and what portion of the payment, if any, the individual is responsible for.
Express oral contract
Involves verbal promises made between employer and employee related to employment.
Extended organization
Alliance between organizations to create processes and information channels that allow communication and collaboration.
External coaching
Coaching typically available to professional, exempt, and/or high-potential employees that is done in a private and confidential relationship with a trained or certified consultant/coach.
External equity
When an organization’s pay rates are at least equal to market rates.
Extrinsic rewards
Rewards such as pay, benefits, bonuses, promotions, achievement awards, time off, more freedom and autonomy, special assignments, etc.
Factor comparison method
Job comparison method that ranks each job by each selected compensable factor and then identifies dollar values to develop a pay rate.