Shared Flashcard Set

Details

MGMT 3060
Exam 1
66
Management
Undergraduate 3
01/20/2013

Additional Management Flashcards

 


 

Cards

Term
Management Process
Definition
The five basic functions of plannin, organizing, staffing,, leading, and controlling
Term
Human Resource Management
Definition
The policies and practices involved in carrying out the "people" or human resource aspect of a management position, including recruiting screening, training, rewarding, and appraising
Term
Authority
Definition
The right to make decisions, direct others' work, and give orders
Term
Line Manager
Definition
A manager who is authorized to direct the work of subordinates and is responsible for accomplishing the organization's task
Term
Staff Manager
Definition
A manager who assist and advises line managers
Term
Line Authority
Definition
The authority exerted by an HR manager by directing the activities of the people in his or her own department and in service areas (like the plant cafeteria)
Term
Staff Authority
Definition
Gives the manager the right (authority) to advise other managers or employees
Term
Functional Control
Definition
The authority exerted by an HR managre as coordinator of presonnel activities
Term
Implied Authority
Definition
The authority exerted by an HR managre by virue of others' knowledge that he of she has access to top management (in areas like testing and affirmative action)
Term
Employee Advocacy
Definition
Hr must take responsibility for clearly defining how management should be treating employees, make sure employees have the mechanisms required to contest unfair practices, and represent the interest of employees whith in the framework of its primanry obligation to senior management
Term
Globalization
Definition
The tendency of firms to extend their sales, ownership, and/or manufacturing to new markets abraod
Term
Human Capital
Definition
The knowledge, education, training, skills and expertise of a firm's workers
Term
Strategic Plan
Definition
The companies plan for how it will amtch its internal strengths and weaknesses with external opportunites and threats in order to maintain a competitive advanage
Term
Strategy
Definition
The companies long-ternm plan for how it will balance its inernal strengths and weaknesses with its external opporunites and threats to maintain a competitive advantage
Term
Strategic Human Resource Management
Definition
Formulating and executing human resource policies and practices that produce the employee competencies and behaviors the company nees to achieve its stragic aims
Term
Outsourcing
Definition
Letting outside vendors provide services
Term
High-performance Work System
Definition
System in an integrated set of human resource management policies and practices that together produce superior employee perfoemance
Term
Metrics
Definition
A set of quantitative performance measures HR managers use to asses their operations
Term
HR Scorecard
Definition
Measures HR function's effectiveness and efficiency in producing employees behaviors neeeded to achieve the company's strategic goals
Term
Ethics
Definition
The standards someone uses to decide what his or her conduct should be
Term
Job Analysis
Definition
The procedure for determining the duties and skills requirements of a job and the kind of person who should be hired for it
Term
Job Description
Definition
A list of job's duties, responsibilities, reporting relationships. working conditions, and supervisory responsibilities- one product of a job analysis
Term
Job Specifications
Definition
A list of a job's "human requirements," that is, the requisite eduction, skills, personality, and so on- another product of a job analysis
Term
Organization Chart
Definition
A chart that shows distribution of work, with titles of each position and interconnecting lines that show who reports to and communicated to whom
Term
Process Chart
Definition
A work flow chart of inputs to and outputs from a particular job
Term
Diary/Log
Definition
Daily listings made by workers of every activity in which they engage along with the time each activity takes
Term
Position Analysis Questionnaire
Definition
A questionnaire used to collect quantifiable data concerning the duties and responsibilities of various jobs
Term
U.S. Department of Labor (DOL) job analysis Procedure
Definition
A standardized method by which different jobs can be quantitativaly rated, classified and compatred based on dats, people, and things scored
Term
Functional Job Analysis
Definition
A method for classifying jobs similiar to DOL method, but additionally taking into account the extent to which instructions, reasoning, judgment, and mathematical and verbal ability are necessary for performing job tasks
Term
Standard Occupational Classification
Definition
Classifies all workers into one of 23 major groups of jobs which are subdivided into minor groups of jobs and detailed occupations
Term
Job Enlargement
Definition
Assigning workers additional same-level activites, thus increasing the number of activities they perform
Term
Job Roation
Definition
Systematically moving workers from one job to another to enhance work team performance and/or to broaden his or her experience and identify strond and weak points to prepare the person for an enhanced role with the company
Term
Job Enrichment
Definition
Redisigning jobs in a way that increases the opportunies for the workers ot experiencwe feelings of responsibility, achievement. growth, and recognition
Term
Dejobbing
Definition
Broadening the responsibilities of the company's jobs and encouraging employees not to limit themselves to what's on their job description
Term
Reengineering
Definition
The fundamnetal rethinking and radical redesign of business processes to achieve dramatic improvements in critical, contemporary measures of performance, such as cost, quality, service, and speed
Term
Competencies
Definition
Demonstrable characteristics of a person that enable performance of a job
Term
Conpetency-based job anaysis
Definition
Describing a job in terms of the measurable. observable, behavioral competencies an employee must exhibit to do a job well
Term
Perforemance Management
Definition
Basing your employees' training, appraisals, and rewards on fostering and rewarding the skills and competencies he or she needs to achieve his or her goals
Term
Employee Compensation
Definition
All forms of pay or rewards going to employees and arsing form their employment
Term
Direct Financial Payments
Definition
Pay in the form of wages salaries, incentives, commissions, and bonuses
Term
Indirect Financial Payments
Definition
Pay in the form of financial benefits such as insurance
Term
Davis-Bacon Act
Definition
A law that sets wages rates for laborers emplyed by contractors working for the federal government
Term
Walsh- Healey Public Contract Act
Definition
A law that requires minimum wage and working conditions for employees working on any goverment contract amounting to more than $10,000
Term
Title VII of the 1964 Civil Rights Act
Definition
This Act makes it unlawful for employers to discriminate against any individual with respect to hiring compensation, terms, conditions, or privileges of employment because of race, color, religion, sex, or national orgin
Term
Fair Labor Standards Act
Definition
This act provides for minimum wages, maximum hours, overtime pay, and child labor protection. The law has been amended many times and covers most employees
Term
Equal Pay Act
Definition
An amendement to the Fair Labor Standards Act designed to require equal pay fir women doing the same work as men
Term
Employee Retirement Income Security Act
Definition
The law that provides goverment protection of pension plans. It also regulates vesting rights (employees who leave before retirement may claim compension from the pension plan)
Term
Salary Compression
Definition
A salary inequity problem, generally caused by inflation, resulting in longer term employees in a position earning less than workers entering the firm today
Term
Salary Survey
Definition
A survey aimed to determining prevailing wage rates. A good salary survey provides specific wage rates for specific jobs. Formal written questionaire surveys are the most comprehensive by telephone surveys and newspaper ads are also sources of information
Term
Benchmark Job
Definition
A job that is used to anchor the employers pay scale and around which other jobs are arranged in order of relative worth
Term
Job Evaluation
Definition
A systematic comparicon done in order to determine the worht of one job relative to another
Term
Compensable Factor
Definition
A fundamental, compensable element of ajob, such as skills,effort, responsibility, and working conditions
Term
Ranking Method
Definition
The simplest method of job evaluation that involves ranking each job relative to all other hobs, usually based on overall difficulty
Term
Job Classification Method
Definition
A method for categorizing jobs into gorups
Term
Classes
Definition
Grouping jobs based on a set of rules for each group or class, such as amount of independent judgement, skills, physical effort, and so forth,required. Classes unusually contain similar jobs
Term
Grades
Definition
A job classification system like the lasss system, although grades often contain dissimilar jobs, such as secretaries, mechanics, and firefighters. Grade descriptions are written based on compensable factors listed in classification systems
Term
Grade Definition
Definition
Witten descriptions of the level of, say, respinsibility and knowledge required by jobs in each grade. Similar jobs can than be cimbines into grade or classes
Term
Point Method
Definition
The job evaluation method in which a numbre of compensable factors are identified and then the degee to which each of these factors is present on the job determined
Term
Factor Comparission Method
Definition
A widely used method of rankining jobs according to a variety of skill and difficulty factors, then added up these rankings to arrive at an overall numerical rating for each given job
Term
Pay Grade
Definition
Is comprised of jobs of approcimately equal difficulty
Term
Wage Curve
Definition
Shows the relationship between the value of the job and the average wage paid for this job
Term
Pay Ranges
Definition
A series of steps or levels within a pay grade, usually based upon years of service
Term
Competency - Based Pay
Definition
Where the company pays the employee's range, depth, and tyes of skills and knowledge, rather than for the job title he or she holds
Term
Competencies
Definition
Demonstrable characteristics of a person, including knowledge, skills and behaviors, that enable performance
Term
Broadbanding
Definition
Consolidating salary grades and ranges into just a few wide levels or "bands," each of which contains a relatively wide range of jobs and salary levels
Term
Comparable Worth
Definition
The concept by which women who are usually paid less than men can claim that men in comparable rather than in strict equal jobs are paid more
Supporting users have an ad free experience!