Chapter 8 Human Resources, Culture, and Diversity

16 terms by Emmaspero1013

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workforce

made up of all the people 16 yrs and older who are employed or looking for a job

downsizing

planned reduction in the number of employees needed in a firm in order to reduce costs and make the business more efficient

outsourcing

removes work from one company and sends it to another company that can complete it at a lower cost

job analysis

specific study of a job to identify in detail the job duties and skill requirements

compensation

amount of money paid to an employee for work performed

salary and wages

direct payment of money to an employee for work completed

benefits

compensation in other forms other then direct payment; examples: insurance, vacations, etc

incentive systems

connect the amount of compensation to the quality or quantity of an employee's performance

promotion

advancement of an employee to a position with greater responsibility

transfer

assignment of an employee to another job in the company with a similar level of responsibility

termination

ends the employment relationship between a company and an employee

organizational culture

environment in which people work, made up of the atmosphere, behaviors, beliefs, and relationships

work environment

physical conditions and psychological atmosphere in which employees work

labor union

organized group of employees who negotiate with employers about issues such as wages and working conditions

glass ceiling

artificial limit placed on minority groups moving into positions of authority and decision making

diversity

the comprehension inclusion of people with differences in personal characteristics and attributes

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