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hm321
hm321
151
Business
Undergraduate 4
03/03/2013

Additional Business Flashcards

 


 

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Term
talent management
Definition
implementation of integrated strategies or systems designed to increase workplace productivity by developing improved processes for attracting, developing, retaining, and utilizing people with the required skills and aptitutde to meet current and future business needs.
Term
strategic staffing
Definition
process of staffing an organization and enhance its effectiveness. This movement involes the movement of people into, through and out of the organization.
Term
workforce planning
Definition
strategically evaluating the company's current lines of business, new businesses it will be getting into, business it will be leaving, and the gaps between the current skills in the organization and the skills it will need to execute its business strategy.
Term
sourcing talent
Definition
locating qualified individuals and labor markets from which to recruit.
Term
recruiting talent
Definition
making decisions and engaging in practices that affect either the # or types of individuals willing to apply for and accept job offers.
Term
selecting talent
Definition
assessing job canidates and deciding who to hire.
Term
acquiring talent
Definition
putting together job offers that appeal to chosen canidates and persuading job offer recipients to accept those job offers.
Term
deploying talent
Definition
assigning people to appropriate jobs and roles in the organization to best utilitize their talents
Term
retaining talent
Definition
keeping successful employees engaged and committed to the firm.
Term
workforce planning
Definition
the process of predicting an organization's future employment needs and assessing its current employees and the labor market to meet those needs. This means that the firm's managers and HR personnel have to evaluate the company's current lines of business, new businesses it will be getting into, lines of business it will be leaving and the gaps that exist between the current skills of its workforce and the skills the workforce will need in the future.
Term
deployment
Definition
invovles assigning talent to appropriate jobs and roles in the organization.
Term
process goals
Definition
relate to the hiring process itself, including how many of what quality applicants apply, attracting appropriate numbers of diverse applicants, and meeting hiring timeline goals, such as completing interviews within two weeks and making job offers within one week of the final interview.
Term
outcome goals
Definition
apply to the product of thehriing effort and include the number and quality of people hired, the financial return on the staffing investment and whether the staffing effort improved organizational effecttiveness.
Term
resource based view of the firm
Definition
proposes that a company's resources and competencies can produce a sustained competitive advantageby creating value for customers by lowering costs, providing something of unique value, or some combination of the two. To create value, the hriing programs, policies, and practicies of an organization must either lower the costs of the organization's products or servics, enhance the differentiation of the organization's products or services in the eyes of the customers, or both.
Term
business strategy
Definition
defines how the firm will compete in its marketplace. The strategy should reflect what the organization's customers wants, what the firm wants, and what the firm can cost effectively deliver.
Term
service
Definition
provide the best customer support, before, during and after the sale.
Term
branding
Definition
develop the most positive image.
Term
distribution
Definition
dominate distribution channels to block competition.
Term
speed
Definition
excel at getting your product or service to consumers quickly
Term
convienence
Definition
be the easiest for customers to do business with.
Term
first to market
Definition
introduce products and services before competitors.
Term
cost leadership strategy
Definition
be the lowest cost producer for a particular level of product quality
Term
operational excellence
Definition
maximizing the efficeincy of manufacturing or pduct devleopment process to minimize costs.
Term
differentiation strategy
Definition
developing a product or servic that has unique characterisitcs valued by customers-products and services for which the firm may be able to charge a premium price.
Term
product innovation
Definition
developing new products or services.
Term
specialization strategy
Definition
focus on a narrow market segment or niche- a single product, a particular end use or buyers with special needs-and pursue either a differentiation or cost leadership strategy within that market segment
Term
customer intimacy
Definition
delivering unique and customizable products or services that better meet customers' needs and increase customer loyalty
Term
growth strategy
Definition
a strategy that involves expanding the company to either increase the firm's sales or allow the company to achieve economies of scale. The scuccess of a growth strategy depends on the firm's ability to find and retain the right number of types of employees to sustain its intended growth.
Term
talent philosophy
Definition
a system of beliefs about how its employees should be treated.
Term
human resource strategy
Definition
links the entire human resource function with the firm's business strategy. Strategic human resource management aligns a company's values and goals with the behaviors, values and goals of employees as well as influences the substrategies of each of the firm's human resource functions, including its stagffing, performance management, training and compensation function.
Term
staffing strategy
Definition
the constellation of prorities, policies, and behaviors used to manage the flow of talent into through and out of an organization.
Term
core workforce
Definition
consists of people who are perceived y the organization to be regular employees who are central to what the organization does or produces.
Term
flexible workers
Definition
less job security than the firm's core workforce. These people may be temporary, leased, part time, or contract workers.
Term
internal talent focus
Definition
preference for developing employees and promoting from within to fill job openings.
Term
external talent focus
Definition
a preference for filling with new employees hired from outside the comapny.
Term
proactive staffing
Definition
done before situations or issues arise.
Term
job orientated staffing
Definition
hriing to fill a specific job opening.
Term
talent oriented staffing
Definition
recruiting and evenhhiring without a specific job opening.
Term
idiosyncratic
Definition
jobs for people with talents the organization can put to use. Created around a current or new employee's unique experience, knowledge, skills, interests and abilities.
Term
centralized staffing
Definition
a situation in which all of an organization's staffing activities are channeled through one unit.
Term
shared services staffing
Definition
allows for greater economies of scale.
Term
decentralized staffing
Definition
occurs when the different business units of a company each house their own staffing functions. Gives units more localized control over their recruiting and staffing activites.
Term
combined approach
Definition
maximize each business unit's flexiblity as well as standardize the staffing metrics used theroughout the company, minimize redundancies, and leverage technolgoy and practices.
Term
human capital advantage
Definition
acquiring a stock of quality talent that creates a competitive advantage.
Term
human process advantage
Definition
obtained when the firm's work gets done in a superiror way.
Term
implicit employment contract
Definition
an understanding that is not part of a written or verbal contract.
Term
at will employment
Definition
an employment relationship in which either party can terminate the employment relationship at any time for just cause, no cause, or any cause that is illegal with no liability as long as there is no contract for definite term of employment.
Term
contingent work
Definition
any job in which an individual does not have a contract for long term employment.
Term
leased workers
Definition
employees of a company who take on the operation of certain functions, or staff an entire location on a contractual basis for a client company.
Term
closed shop
Definition
employ people who are already union workers.
Term
union shop
Definition
employ both union and nonunion worker, but new employees must join the union or begin paying dues to the union within a specified time limit.
Term
independent contractor
Definition
performs services wherein the employer controls or directs only the result of the work.
Term
immigration reform and control act of 1986
Definition
employers must use an i-9 verification form to verify the employability status eof every new employee within three days of being hired. This form requires documentation verifying the appearance of discrimination the basis of national origin, it is a good idea to make the job offer contingent on proof of employment eligivility.
Term
worker adjustment and retraining notification act of 1988
Definition
a federal law requiring employers of 100 or more full time workers who have worked at least six days of the last 12 months and an average of 20 hrs or more per week to give employees 60 days' advance notice of closing or major layoffs.
Term
uniformed services employment and reemployment rights act of 1994
Definition
prohibits employers from discriminating against job applicants who may be called into military service or who volunteer for military service. The act seeks to ensure that members of the uniformed services are entitled to to return to their civilian employment upon completion of their service whith the seniority, status and rate of pay they would have obtained had they remained continuosly employed by their civilian employer.
Term
vietnam era veterans' readjustment assistance act of 1974
Definition
PROHIBITS DISCRIMINATION AGAINST PROTECTED veterans and it requires federal government contractors and subcontractors with a contract of 25,000 or more with the federal government to take affirmative action to employ and advance in employment the veterans protected by VEVRAAand its amendments.
Term
BONAFIDE OCCUPATIONAL QUALIFICATION
Definition
A CHARACTERISTIC THAT IS ESSENTIAL TO THE SUCCESSFUL PERFORMANCE OF A RELEVANT EMPLOYMENT FUNCTION.
Term
affirmative action
Definition
refers to the proactive efforst of the US government to eliminate discrimination and its past effects.
Term
affirmative action plan
Definition
describes in detail the actions to be taken, procedures to be followed, and standards to be adhered to when it comes to limited to, adhering to provisions for nondiscriminatory recruitment, training, and promotion.
Term
staffing quotas
Definition
establish specific requirements that certain percentages of disadvantaged groups be hired. They are usually illegal, the goal of this is often to equalize the proporational representation of underrepresented groups in the company's workforce with their proportionals in the company's relevant labor market.
Term
EEOC:
Definition
Title VII of Civil Rights ACt, ADEA, PREGNANCY DISCRIMINATION ACT, SECTIONS 501 AND 505, SECTIONS 102 AND 103 CIVIL RIGHTS ACT OF 1991, EQUAL PAY ACT,
Term
disparate treatment
Definition
intentional discriminaton based on a person's protected characteristic, if the employment decision would change if the applicant's race, religion, national origin, color, sex, disability or age were different, disparate treatment has taken place
Term
direct
Definition
it results from a company's policy to not hire older workers.
Term
inferred
Definition
from situational factors or result from a combination of permissible and prohibited factors.
Term
mixed motive
Definition
when an employer is accused of having both a legitimate and illegitimate reason for making an employment decision. Under 1991 civil rights act, a plaintiff can establish an unlawful employment practice by showing that a protected characteristic (such as race, sex, color, religion, or national origin) was a motivating factor in an employment decision, even if other legitimate factors.
Term
fraudulent recruitment
Definition
involves misrepresenting the job or organization to a recruit. In a tight job market or during periods of low unemployment among people with the skills they are seeking, employers mayb e tempted to exaggerate the benefits of their jobs or make unrealistic promises to attract new hires.
Term
negligent hiring
Definition
when an employer hires an applicant it knows or should have known could harm a third party.
Term
negligent referral
Definition
being the basis for a claim. Misrepresenting or failing to disclose complete and accurate info about a former employee.
Term
job
Definition
a formal group or cluster of tasks.
Term
role
Definition
an expected pattern or set of behaviors.
Term
job analysis
Definition
the systematic process of identifying and describing the important aspects of a job and the characteristics a worker needs to do it well.
Term
job family
Definition
a groupoing of jobs that either call for similar worker characteristics or contain parallel work tasks.
Term
future oriented job analysis
Definition
a technique for analyzing new jobs or how jobs will work in the future. Focuses on identifying the skills the company also anticipates needing in the future.
Term
essential functions
Definition
defined by the ADA as the fundamental duties or tasks of a position.
Term
job description
Definition
written description of the duties and responsibilities associated with a job itself.
Term
person specification
Definition
also caleld job specification. Summarizes the characteristics of someone able to perform the job well.
Term
desirable criteria
Definition
job canidate criteria that may enhance the new hire's job success, but that are not essential to adequate job performance.
Term
critical incidents technique
Definition
a job analysis method that identifies extremely effective and ineffective behaviors by documenting critical incidents that have occured on the job.
Term
job elements method
Definition
used primarily with industrial occupations and lesser skilled jobs. The job elements method cofucses on identifying the characteristics of workers who are able to do the job at a satisfactory level.
Term
structured interview technique
Definition
a job analysis method in which subject manner experts provide info about the job verbally in a strcutured face to face interviews.
Term
subject matter expert
Definition
a person who exhibits expertise in a job.
Term
task inventory approach
Definition
relies on job experts to generate a list of tasks taht are subsequently grouped into categories reflecting the job's major funtions. The functions are then evaluated on dimensions relevant for selection purposes.
Term
structured questionaire method
Definition
a job analysis method that involves using a list of preplanned questions designed to analyze a job.
Term
position analysis questionaire
Definition
a copyrighted, standardized job analysis questionaire that can be used for just about any job.
Term
desk audits
Definition
involve asking people who currently do the job to walk you through their most important and most frequent tasks.
Term
worker logs
Definition
which can provide the job analysis a feel for the tasks done and identify particularly important job functions.
Term
job task
Definition
an observable unit of work with a beginning and on end.
Term
knowledge
Definition
an organized body of factual or procedual info that can be applied to a task. Ex. computer programming languages, foreign language and machine operating procedures.
Term
skill
Definition
capability to perform tasks accurately and with ease; skills often refer to psychomotor activities.
Term
other characteristics
Definition
a typically a catchall category for worker characteristicas that do not fall into the knowledge, skill or ability categories. Include a person's values, interests, integrity, work style and other personality traits.
Term
job duty
Definition
a set of related tasks that are repeated on the job.
Term
competency modeling
Definition
a job analysis method that identifies the necessary worker competencies for high performance.
Term
competencies
Definition
more broadly defined components of a successful worker's repertoire of behavior needed to do the job well.
Term
job rewareds analysis
Definition
is a job analysis technique that identifies the intrinsic and extrinsic rewards of a job.
Term
intrinsic rewards
Definition
nonmonetary rewards derived from the work itself and from the organization's culture.
Term
total rewards
Definition
a combination of intrinsic and extrinsic rewards related to a particular job.
Term
employee value proposition
Definition
the balance between intrinsic and extrinsic rewards an employee receives by working for a particular employer in return for the employee's job performance. If employees believe they receiverewards equal to or exceeding what they put into the company, the ywill be more satisfied and less likely to quit.
Term
staffing ratios
Definition
a mathematical way of calculating the number of employees a firm needs to produce certain levels of output.
Term
scatter plots
Definition
a graphic that shows how two different variables are related.
Term
trend analysis
Definition
using past employment pattersns- the employer's, the industry's or even the nation's patterns, for example, and using those patterns to predict a firm's future labor needs.
Term
judgemental forecasting
Definition
relying on the experience and insights of people in the organization to predict a firm's future employment needs.
Term
transition analysist
Definition
a simple technique that can be used to analyze a firm's intternal labor markets and forecast its internal labor supply.
Term
talent inventories
Definition
a detailed record or database that summarizes each employee's skills, competencies and qualifications.
Term
replacement charts
Definition
a way to track the potential replacements for particular positions. A replacement chart can be manual or automated. It visually shows each of the possible successors for a job and summarizes their strengths, presented performance, promotion readiness and development needs.
Term
action plan
Definition
strategy to proactively address the situation. It should always be consistent with the firm's business strategy, talent philosophy, and HR strategy.
Term
business process outsourcing
Definition
the relocation an entire business function to an independent service provider.
Term
staffing yeilds
Definition
the proportion of applicants moving from one stage of the hiring process to the next.
Term
hiring yields
Definition
the percent of applicants ultimately hired.
Term
workload driven forecasting
Definition
forecasting based on historical data on the avg # of hires typically made per recruiter or the average umber of recruits processed per recruiter over a given period.
Term
staffing efficiency
Definition
the total cost associated with teh compensation of the newly hired employees.
Term
active job seekers
Definition
need a job and are actively looking for information about job openings.
Term
semi passive job seekers
Definition
are more interested in a new position but occasionally look actively for one.
Term
passive job seekers
Definition
people who currently employed and are not actively seeking another job but could be tempted by the right opportunity
Term
internal recruiting sources
Definition
locate people who currently work for the company who would be good recruits for other positions.
Term
external recrutiing sources
Definition
target people outside the firm
Term
succession management
Definition
the ongoing process of recruiting, evaluating, developing and preparing employees to assume other positions in the firm in the future.
Term
employee development
Definition
the training of employees to extend their capabilities and prepare them to assum other jobs and roles in the firm. Companies like GE and IBM regularly use developmental activities and assignments to ensure their employees' skills match the organization's needs, and to increase the supply of internal talent available to the company in the future.
Term
leadership development programs
Definition
designed to improve employees' leadership skills. Companies that utilize these programs include Johnson & Johnson, Loreal, Raytheon, and GE. tHESE FIRMS USE ROTATIONAL PROGRAMS THAT GIVE PARTICPAnts the opportunity to work in a variety of areas.
Term
internal job posting systems
Definition
publicize open jobs to emloyees.
Term
employee referrals
Definition
a practice by which current employees identify and refer promising recruits.
Term
inhouse sourcers
Definition
people who rely on their own contacts and research and the organization's database of potential applicants to find recruits. Havea great deal of experience in the fields in which they work and may develop relationships with promising talent to keep them in the pipeline as potential recruits.
Term
job fairs
Definition
sourcing and recruiting events at which multiple employers and recruits meet with each other to discuss employment opportunities.
Term
trade fairs
Definition
events that gather people from a particular industry to learn about current topics and products in their field.
Term
observation
Definition
involves watching people working in similar jobs for other companies to evaluate their potential fit with your organization.
Term
resume database
Definition
searchable collections of prescreened resumes submitted to the company.
Term
career sites
Definition
pages on an organizations' website devoted to jobs and careers within the company.
Term
search firms
Definition
headhunters are independent companies that specialize in the recruitment and placement of particular types of talent.
Term
raiding competitors
Definition
the practice of hiring top talent away from competitors
Term
internet data mining
Definition
searching the internet to locate passive job seekers with the characterisitcs
Term
raiding competitors
Definition
the practice of hriing top talent away from competitors.
Term
boolean searches
Definition
an internet search technique that allows a search to be narrowed by using speical terms before the key words
Term
xraying
Definition
searches for pages that are all on the same host.
Term
flip searching
Definition
identifies people who link a specific internet site. if you can identify a website often visited by desired recruits identifying pages that link to the site can identify some of the resumes and personal web pages.
Term
web crawlers
Definition
are websites tghat continuinally search the web for information about people with desirable talents and sell access to their database of potential recruits
Term
offshore labor
Definition
employees living and working in other usually lower cost, countries
Term
walk ins
Definition
people who apply directly with companies
Term
sourcing plan
Definition
prioritizes which recruiting sources should be used to staff a given position to best meet staffing goals.
Term
employee profiling
Definition
a process that helps a firm identify what its successful current employes like to do and how people like them can be recruited
Term
recruiting yield analysis
Definition
simply tracks the recruiting sources that produced each applicant and evaluates each recruiting source on the basis of relevant critieria including the number and prtion of qualified applicants coming from each source and their demographic characterisitcs.
Term
global sourcing
Definition
the sourcing of employees on a global basis. It requires planning, developing, implementing, and evaluating staffing initaitives on a worldwide basis to ensure that staffing goals and objectives are met.
Term
geographic targeting
Definition
sourcing recruits based on where they live, is also commonly done by organizations. Lower level positions in an organization are typically filled from the local labor market, and the geographic boundaries for a sourcing effort tend to widen as the position moves up the organization's hieracrhy.
Term
distributive fairness
Definition
perceived fairness of the hiring or promotion outcome
Term
procedural fairness
Definition
people's beliefs that the policies and the procedures that resulted in the hiring or promotion decision were fair
Term
interactional fairness
Definition
people's perceptions of the interpersonal treatment and the amount of information they received during the hiring process. Honesty and respectful interpersonal treatment during the recruitment process enhance applicants' perceptions of internactional fairness.
Term
spillover effects
Definition
the indirect or unintended consequences of an action
Term
reviewer profile
Definition
a profile of the skills, characteristics, and backgrounds of the most effective recruiters for different positions.
Term
image
Definition
general impression based on both feelings and facts.
Term
brand
Definition
symbolic picture of all the information connected to a company or its products.
Term
employer brand
Definition
refelcts what a company offers as an employer and helps manage internal and external perceptions of what it is like to work there.
Term
realistic job previews
Definition
involve the presentation of both positive and potentially negative information to job canidates. Rather than trying to sell them on the job and company by presenting the job opportunity in the most positive light, realisstic job previews strive to be present an honest and accurate picture.
Term
recruiting guide
Definition
a formal document that details the process to be followed when a firm recruits for an open position.
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