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Human Resource Management
Final Exam Terms
7
Business
Undergraduate 3
03/01/2011

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Term
401(K) plan
Definition
Most popular type of defined contribution plan, named after section 401 (k) of the internal Revenue code.  alows employees to defer a portion of their pay into the plan, thus making contributions tax deductible (up to a limit)
Term
403 (b) plan
Definition
taxed deferred annuity plans are similar to 401 except that they may only be used in not-for-profit organizations.
Term
Affirmative action plan
Definition
a written document outlining specific goals and timetables for remedying past discriminatory actions.
Term
Americans with Disabilities Act (1990)
Definition
Gives disabled persons sharply increased access to services and jobs
Term
Aptitude test
Definition
Means of measuring a peson's capacity or latent ability to learn and perform a job
Term

 

Behaviorally anchored rating scale (BARS)

Definition
Method of performance appraisal taht determines an employee's level of performance based on whether or not certain specifically described job behaviors are present
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