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Human Resources

TermDefinition
Benefits compensation in forms other than direct payment.
Compensation the amount of money paid to an employee for work performed , including salary and wages
diversity the comprehensive including of people with differences in personal characteristics and attributes
Downsizing a planned reduction in the number of employees needed in a firm in order to reduce costs and make the business more efficient.
Glass Ceiling an artificial limit placed on minority groups moving into positions of authority ,and decision making
incentive Inducement or supplemental reward that serves as a motivational device for a desired action or behavior.
Job Analysis process of gathering and analyzing information about the content and the human requirements of jobs, as well as, the context in which jobs are performed.
labor union organizations formed by workers from related fields that work for the common interest of its members.
Organization is an individual or group of people that collaborate to achieve certain commercial goals.
Outsourcing The practice of having certain job functions done outside a company instead of having an in-house department or employee handle them; functions can be outsourced to either a company or an individual
promotion refers to raising customer awareness of a product or brand, generating sales, and creating brand loyalty. It is one of the four basic elements of the market mix, which includes the four P's: price, product, promotion, and place.
termination the end of an employment relationship between a company and an employee .
transfer the assignment of an employee to another job in the company with a similar level of responsibility.
Work Enviroment the physical conditions and the psychological atmosphere in which employees work
Salary & Wages direct payment of money to an employment for work completed.
Workforce all of the people 16 yrs. or older who are employed or who are looking for a job.
Created by: kylabaddie