Workplace Flashcards
(113 cards)
Conflict of interest
Situation in which a person or organization may benefit from undue influence due to involvement in outside activities, relationships, or investments that conflict with or have an impact on the employment relationship or its outcomes.
Essential Functions
Primary job duties that a qualified individual must be
able to perform, either with or without accommodation.
Reasonable accommodations
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.
Outsourcing
Process by which an organization contracts with thirdparty vendors to provide selected services/activities
instead of hiring new employees.
Independent contractors
Self-employed individuals hired on a contract basis for
specialized services.
Whistleblowing
Reporting of an organization’s violations of policies and
processes by employees.
Globalization
Status of growing interconnectedness and
interdependency among countries, people, markets,
and organizations worldwide.
Global Integration (GI)
Globalization strategy that emphasizes consistency of
approach, standardization of processes, and a
common corporate culture across global operations
Assignees
Employees who work outside their home countries.
Local Responsiveness (LR)
Globalization strategy that emphasizes adapting to the
needs of local markets and allows subsidiaries to
develop unique products, structures, and systems.
Multinationals Enterprises (MNEs)
Organizations that own or control production or service
facilities in one or more countries other than the home
country
Identity alignment
Extent to which diversity is embraced in management
of people, products/services, and branding.
Process alignment
Extent to which underlying operations such as IT,
finance, or HR integrate across locations.
Offshoring
Method by which an organization relocates its
processes or production to an international location
through subsidiaries or third-party affiliates.
Onshoring
Relocation of business processes or production to a
lower-cost location inside the same country as the
business.
Near-shoring
Practice of contracting a part of business processes or
production to an external company in a country that is
relatively close (for example, within the same own
region).
Repatriation
Process by which employees returning from
international assignments reintegrate into their home
country’s culture, conditions, and employment.
Redeployment
Process by which an organization moves an employee
out of an international assignment; can involve moving
back to the home country, moving to a different global
location, or moving to a new location or position in the
current host country.
Risk
Uncertainty that has an effect on an objective, where
outcomes may include opportunities, losses, and
threats.
Risk management
System for identifying, evaluating, and controlling
actual and potential risks to an organization.
Risk position
Organization’s desired gain or acceptable loss in value.
Risk appetite
A high-level characterization of the amount of
uncertainty (acceptable risk) an organization is willing
to pursue or to accept to attain its risk management
goals.
Risk tolerance
A characterization of the amount of uncertainty
(acceptable risk) an organization is willing to pursue or
to accept to attain its risk management goals, defined
in a range above and below a target.
Single loss expectancy (SLE)
Expected monetary loss every time a risk occurs;
calculated by multiplying asset value by exposure
factor.