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ITB Chapter 8 Vocabulary

AB
WorkforceMade up of all the people 16 years and older who are employed or who are looking for a job.
DownsizingA planned reduction in the number of employees needed in a firm in order to reduce costs and mkade the business more efficient.
OutsourcingRemoves work from one company and sends it to another company that can complete it at a lower cost.
Job AnalysisA specific study of a job to identify in detail the job duties and skill requirements.
CompensationThe amount of money paid to an employee for work performed.
Salary and WagesDirect payment of money to an employee for work completed.
BenefitsCompensation in forms other than direct payment.
Incentive SystemsConnect the amount of compensation to the quality or quantity of an employee's performance.
PromotionThe advancement of an employee to a position with greater responsibility.
TransferThe assignment of an employee to another job in the company with a similar level of responsibility.
TerminationEnds the employment relationship between a company and an employee.
Organizational CultureThe environment in which people work, made up of the atmosphere, behaviors, beliefs, and relationships.
Work EnvironmentThe physical conditions and the psychological atmosphere in which employees work.
Labor UnionAn organized group of employees who negotiate with employers about issues, such as wages and working conditions.
DiversityThe comprehensive inclusion of people with differences in personal characteristics and attributes.
Glass CeilingAn artificial limit placed on minority groups moving into positions of authority and decision-making.


East Grand Rapids High School
MI

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