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chapter9-UVI BUS 112
Intro to Business- Koopar Chapter 9
| Term | Definition |
|---|---|
| human resources management (HRM) | consists of all the activities involved in acquiring, maintaining, and developing an organization's human resources. |
| human resources planning | is the development of strategies to meet a firm's future human resources needs. |
| replacement chart | a list of key personnel and their possible replacements within a firm |
| skill inventory | a computerized data bank containing information on the skills and experience of all present employees |
| culture (workplace) diversity | differences among people in a workforce owing to race, ethnicity, and gender |
| job analysis | a systematic procedure for studying jobs to determine their various elements and requirements |
| job description | a list of the elements that make up a particular job |
| job specification | a list of the qualifications required to perform a particular job |
| recruiting | the process of attracting qualified job applicants |
| external recruiting | the attempt to attract job applicants from outside an organization |
| internal recruiting | considering present employees as applicants for available positions |
| selection | the process of gathering information about applicants for a position and then using that information to choose the most appropriate applicant |
| orientation | the process of acquainting new employees with an organization |
| compensation | the payment employees receive in return for their labor |
| compensation system | the policies and strategies that determine employee compensation |
| wage survey | a collection of data prevailing wage rates within an industry or a geographic area |
| job evaluation | the process of determing the relative worth of the various jobs within a firm |
| comparable worth | a concept that seeks equal compensation for jobs requiring about the same level of education, training, and skills |
| hourly wage | a specific amount of money paid for each hour of work |
| salary | a specific amount of money paid for an employee's work during a set calendar period, regardless of the actual number of hours worked |
| commission | a payment that is a percentage of sales revenue |
| incentive payment | a payment in addition to wages, salary, or commissions |
| lump-sum salary increase | an entire pay raise taken in one lump sum |
| profit-sharing | the distribution of a percentage of a firm's profit among its employees |
| employee benefit | a reward in addition to regular compensation that is provided indirectly to employees |
| flexible benefit plan | compensation plan whereby an employee receives a predetermined amount of benefit dollars to spend on a package of benefits he or she has selected to meet individual needs |
| employee training | the process of teaching operations and technical employees how to do their present jobs more effectively and efficiently |
| management development | the process of preparing managers and other professionals to assume increased responsibility in both present and future positions |
| performance appraisal | the evaluation of employees' current and potential levels of performance to allow managers to make objective human resources decisions |
| Fair Labor Standards Act (1938) | Established a minimum wage and an overtime pay rate for employees working more than 40 hours weeks |
| Equal Pay Act (1963) | Specifies that men and women who do equal jobs must be paid the same wage |
| Civil Rights Act | Prohibits discrimination in employment practices based on sex, race, color, religion, or national origin; facilitates employees'suing employers for sexual discrimination and collecting punitive damages |
| Age Discrimination in Employment Act (1967-1986) | Prohibits personnel practices that discriminate against people aged 40 years and older; the 1986 ammendments eliminated a mandatory retirement age |
| Occupational Safety and Health Act (1970) | Regulates the degree to which employees can be exposed to hazardous substances and specifies the safety equipment a mandatory retirement age |
| Employment Retirement Income Security Act (1974) | Regulates company retirement programs and provides a federal insurance program for retirement plans that go bankrupt |
| Americans with Disabilities Act (1990) | Prohibits discrimination against qualified individuals with disabilities in all employment practices, including job-application procedures, hiring, firing, advancement, compensation, training, and other terms, conditions, and privileges of employment |
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