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Maison Martin CHapter 8

STUDY
PLAY
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.