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business management

TermDefinition
Benefits Advantages or payments employees receive I'm addition to their wages (e.g., sick time, holiday pay, health insurance)
Compensation Pay or wages for work completed
Compliance Fulfilling the requirement of the law
Employee complaint An oral or written expression of an employee's dissatisfaction
Employee safety Freedom from danger, risk, or injury in the workplace
Employee-assistance program a project organized and sponsored by a company to help its employees
Exit interview Discussions with employees who are leaving that are designed to gain feedback for the business
Globalization The rapid and unimpeded flow of capital, labor, and ideas across national borders
Human resources People who work to produce goods and services
human resources management The process of planning, staffing, leading, and organizing the employees of the business
Job description Explanation of responsibilities and tasks associated with a specific job
Job specification Explanation of the skills, knowledge, and characteristics required for a job
On- boarding activities Human resources management tasks that must be preformed when a new employee joins the company (e.g., orientation and paperwork)
On-the-job training The most common method of training; the employee learns by actually performing the job
Organizational restructuring A significant change to a business's structure or operation (e.g., merger, acquisition, downsizing)
Orientation Job preparation or induction training in which new employees are acquainted with their surrounding, receive general information about the company and its policies, and are given specific information about their jobs
Outsourcing Acquiring assistance from outside organizations/consultants to accomplish business objective or preform primary business activities
Performance review A formal assessment by the supervisor of a workers job performance that lets the worker know how she is dong on the job
Professional development Steps that an individual takes to enhance or improve skills or traits that are needed to excel in her/his career/profession
Recruiting Seeking out and attracting qualified potential employees
Staffing A human resources management activity that involves recruiting, interviewing, hiring, orienting, and dealing with job changes for a company's employees
Strategic management The process of planning, controlling, and organizing an organization or department
Strategic planning Long-range planning (three to five years) for company as a whole
Telecommute To work from a location other than the office
Created by: daniysha.h359
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