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Business 101-10
Managing Human Resources
34
Business
Undergraduate 1
04/02/2013

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Term
Human Resources Management (HRM)
Definition
all the activities involved in determining an organization's human resource needs, as well as acquiring, training, and compensating people to fill those needs
Term
Job Analysis
Definition
the determination, through observation and study, of pertinent information about a job--including specific rasks and necessary abilities, knowledge, and skills
Term
Job Description
Definition
a formal, written explanation of a specific job, usually including the job title, tasks, relationship with other jobs, physical and mental skills required, duties, responsibilities, and working conditions
Term
Job Specification
Definition
a description of the qualifications necessary for a specific job, in terms of education, experience, and personal and physical characteristics
Term
Recruiting
Definition
forming a pool of qualified applicants from which management can select employees
Term
Selection
Definition
the process of collecting information about applicants and using that information to make hiring decisions
Term
Title VII of the Civil Rights Act
Definition
prohibits discrimination in employment and created the Equal Employment Oppurtunity Commission
Term
Orientation
Definition
familiarizing newly hired employees with fellow workers, company procedures, and the physical properties of the company
Term
Training
Definition
teaching employees to do specific job tasks through either classroom development or on-the-job experience
Term
Development
Definition
training that augments the skills and knowledge of managers and professionals
Term
Turnover
Definition
occurs when employees quit or are fired and must be replaced by new employees
Term
Promotion
Definition
an advancement to a higher-level job with increased authority, responsibility, and pay
Term
Transfer
Definition
a move to another job within the company at essentially the same level and wage
Term
Separations
Definition
employment changes involving resignation, retirement, termination, or layoff
Term
Wage/Salary Survey
Definition
a study that tells a company how much compensation comparable firms are paying for specific jobs that firms have in common
Term
Wages
Definition
financial rewards based on the number of hours the employee works or the level of output achieved
Term
Commission
Definition
an incentive system that pays a fixed amount or a percentage of the employee's sales
Term
Salary
Definition
a financial reward calculated on a weekly, monthly, or annual basis
Term
Bonuses
Definition
monetary rewards offered by companies for exceptional performance as incentives to further increase productivity
Term
Profit Sharing
Definition
a form of compensation whereby a percentage of company profits is distributed to the employees whose work helped generate them
Term
Benefits
Definition
nonfinancial forms of compensation provided to employees, such as pension plans, health insurance, paid vacation and holidays, and the like
Term
Labor Unions
Definition
employee organizations formed to deal with employers for achieving better pay, hours, and working conditions
Term
Collective Bargaining
Definition
the negotiation process through which management and unions reach an agreement about compensation, working hours, and working conditions for the bargaining unit
Term
Labor Contract
Definition
the formal, written document that spells out the relationship between the union and management for a specified period of time--usually two or three hours
Term
Picketing
Definition
a public protest against management practices that involves union members marchign and carrying antimanagement signs at the employer's plant or work site
Term
Strikes
Definition
employee walkouts; one of the most effective weapons of labor unions
Term
Boycott
Definition
an attempt to keep people from purchasing the products of a company
Term
Lockout
Definition
management's version of a strike, wherein a work site is closed so that employees cannot go to work
Term
Strikebreakers
Definition
people hired by management to replace striking employees; called "scabs" by striking union members
Term
Cociliation
Definition
a method of outside resolution of labor and management differences in which a third party is brought in to keep the two sides talking
Term
Mediation
Definition
a method of outside resolution of labor and management differences in which the third party's role is to suggest or propose a solution to the problem
Term
Arbitration
Definition
settlement of a labor/management dispute by a third party whose solution is legally binding and enforceable
Term
Diversity
Definition
the participation of different ages, genders, races, ethnicities, nationalities, and abilities in the workplace
Term
Affirmative Action Programs
Definition
legally mandated plans that try to increase job oppurtunities for minority groups by analyzing the current pool of workers, identifying areas where women and minorites are underrepresented, and establishing specific hiring and promotion goals, with target dates, for adressing the discrepancy
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