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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 inclusion of people with differences in personal characteristics and attributes.
Downsizing A planned reduction in the number of employees needed in a firm in a firm in order to reduce costs and make the business more efficient.
Glass Ceiling A artificial limit placed on minority group s moving into position of authority and decision-making.
Incentive Systems The amount of compensation connected to the quality or quantity of an employee's performance.
Job Analysis A specific study of a job to identify in detail the job duties and skill requirements.
Labor Union An organized group of employees who negotiate with employers about issues, such as wages and working conditions
Organizational Culture The environment in which people work, made up of the atmosphere, behaviors, beliefs and relationships.
Outsourcing Removing work from one company and sending it to another company that can complete it at a lower cost.
Promotion Any form of communication used to inform, persuade, or remind; the advancement of an employee to a position with greater responsibility.
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.
Workforce All of the people 16 years or older who are employed or who are looking for a job.
Work Enviroment The physical conditions and the physiological atmosphere in which employee work.
Salary & Wage Direct payment of money to an employee for work completed.
Created by: Dexter Smith
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