Maison Martin CHapter 8

Created by maisonmartin5320 

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15 terms

workforce

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

downsizing

a 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

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

compensation

the amount of money payed to an employee for work performed.

salary and wages

direct payment of money to an employee for work completed.

benefits

compensation in forms other than direct payment.

incentive systems

connect the ampount of compensation to the quality or quanity of the employee's performance.

promotion

the advancement of an employee to a position with greater responsibility.

transfer

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

termination

ends the employment relationship between the employee and the company.

work environment

the physical conditions and the physiological atmosphere in which employees work.

labor union

an organized group of employees who negotiate with employers about issues, such as wages and work conditions.

diversity

the comprehensive inclusion of people with differences in personal characteristics and attributes.

glass cieling

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

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