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BPM2-Word Power list 4

AB
layoffa temporary or permanent reduction in the number of employees resulting from a change in business conditions
compensationthe pay and other benefits employees receive in exchange for their labor
wagepay based on an hourly rate or the completion of a specified amount of work
salarya fixed amount of pay made on a regular schedule such as weekly or monthly
outsourcinghiring an outside firm to perform specialized tasks
job designthe kinds of tasks that make up a job and the way workers perform these tasks in doing their jobs
Cross traininga process in which employees are trained to perform more than one job in the company even though they typically perform only one
Quantitative researchMarketing research that answers questions that begin with “how many” or “how much”
Quotaa limit on either the quantity or the monetary value of a product that may be imported
RapportA feeling of sympathetic and mutual understanding
Real Time Inventory SystemA system that uses Internet technology that connects applications, data, and users in real time
Remedial ActionA means of encouraging appropriate workplace behavior in order to improve employee performance



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