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Unit 2.01
Human Resources Management
| 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 workplace. |
| 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. |
| 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 | Tasks performed 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 operations (e.g., merger, acquisition, downsizing). |
| Orientation | Job preparation training where new employees are acquainted with surroundings, policies, and specific job info. |
| Outsourcing | Acquiring assistance from outside organizations/consultants to accomplish business objectives. |
| Performance review | A formal assessment of a worker’s job performance by his/her supervisor. |
| Professional development | Steps that an individual takes to enhance or improve skills or traits that are needed to excel in her/his career. |
| Recruiting | Seeking out and attracting qualified potential employees. |
| Strategic management | The process of planning, controlling, and organizing an organization or department. |
| Telecommute | To work from a location other than the office. |