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2.01 HR-410
Business Management 1
| Term | Definition |
|---|---|
| Benefits | Advantages or payments employees receive in addition to their wages (e.g., sick time, holiday pay, health insurance) |
| Compensation | Pay or wages for work completed |
| Compliance | Fulfilling the requirements 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 workspace |
| 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 company to help its employees |
| Globalization | The rapid and unimpeded flow of capital, labor, and ideas across national borders |
| Human resources | People who work to produce goods and service |
| Human resources management | The process of planning, staffing, leading, and organizing the employees of the business |
| Job descipton | 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 performed when a new employee joins the company (e.g., orientation and paperwork |
| On-the-job training | The most common method of training; the employees learns by actually performing the job |
| Organizational restructing | A significant change to a business's structure or operations (e.g., orientation and paperwork) |
| Orientation | Job preparation or induction training in which new employees are acquainted with their surroundings and are given general information about their jobs |
| Outsourcing | Acquiring assistance from outside organizations/consultants to accomplish business objectives or perform primary business activities |
| Performance review | A formal assessment of a worker's job performance by his/her supervisor that lets the worker know how s/he is doing 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 the company as a whole |
| Telecommute | To work from a location other than the office |
Created by:
spirit.w195
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