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21Vocab

vocabulary

AB
human resources managementa specific area of management that ensures that an adequate number of employees is available, that they are wellppaid and trained, satisfied with their jobs, and productive
employment requisitiona form requesting that a position in a department be filled by the human resources department
job specificationinformation on the nature of the work done in a particular job, the necessary qualifications needed by the employee to do the work, and where the job fits in the organizational and wage structure of the company
open adan advertisement announcing a job opening that identifies the company in which the job is located
blind adan advertisement for a job opening that does not identify the company
promotionthe advancement of an employee within a company to a position with more authority and responsibility
senioritythe length of time an employee has been with the company
transferthe assignment of an employee to another job in the company which involves the same type of responsibility and authority
dischargethe release of an employee from the company due to inappropriate work behavior
layoffa temporary or permanent recuction in the number of employees resulting from a change in business conditions
employment turnoverthe extent to which people enter and leave imployment in a business during a year
exit interviewa formal interview with an employee who is leaving a company to determine the person's attitudes and feelings about the company's policies and procedures, management, and operations
compensationthe money and other benefits people receive for work
wagescompensation paid on an hourly basis
salarycompensation paid on other than an houly basis, suck as weekly or monthly
time wagea specific amount of money for each hour worked
straight salarya specific amount of money for a long period of time worked (week, month)
commission plana compensation plan that pays the employee a fixed rate for each unit of production
base plus incentive plana compensation plan that combines a minimum salary or wage with an incentive based on production or performance
bonusmoney paid at the end of a specific period of time
piece-rate plana compensation plan that paysthe employee a fixed rate for each unit of production
profit sharinga bonus to each qualifies employee based on a percentage of the profits earned by the company
employee stock ownershipa bonus paid in the form of shares of company stock rather than in cash
job evaluationthe process of randing jobs in order according to their value based on specific characteristicsof each job
real wagesthe amount of goods and services that the money earned will buy
fringe benefitsfinancial compensation in addition to salaries and wages
pensionsregular payments made to an employee after retirement
flex-timea plan for scheduling employee work in which some employees start early and leave early, whick others start and finish late
job sharingan employment plan that allows two people to share one full-time job
cafeterial plana fringe benefit program in which employees can select the benefits that meet their personal needs


Mrs. B. Nash

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