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2.01 HR-410
Business Management 1
| Term | Definition |
|---|---|
| Benefits | advantages or payments employees receive in addition to their wages. |
| Compensation | pay or wages for work completed |
| Compliance | fulfilling the requirements of the law |
| employee complaint | an oral or written expression of an employees dissatisfaction |
| employee safety | freedom from danger, risk, or injury in the workplace |
| employee assistance programs | 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 |
| on the job training | the most common method of training the employee learns by actually doing the job |
| organizational restructuring | a significant change to a businesses structure or operations |
| outsourcing | acquiring assistance from outside organizations consultants to accomplish business objectives or perform primary business activities |
| performance review | a formal assessment of a workers job performance by their supervisor that lets the worker know how they're doing on the job |