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PBM Book Ch. 8 Vocabulary

AB
Benefitscompensation in forms other than direct payment.
compensationthe amount of money paid to an employee for work performed, including salary and wages.
diversityThe comprehensive inclusion of people with difference in personal characteristics and attributes.
downsizingA planned reduction in the number of employees needed in a firm in order to reduce costs and make the business more efficient.
glass ceilingan artificial limit placed on minority groups moving into positions of authority and decision making.
incentive systemscompensation systems connected to the quality or quantity of an employee's performance.
job analysisa specific study of a job to idenyify in detail the job duties and skill requirements.
labor unionan organized group of empoyees who negotiate with employers about issues, such as wages and working conditions.
organizing culturethe environment in which people work, made up of the atmosphere, behaviors, beliefs, and relationships.
outsourcingremvving work from one company and sending it to another company that can complete it at a lower cost.
promotionany form of communication used to inform, persuade, or remind; communicating information about products and services to potential customers; the advancement of an employee to a position with greater responsibility.
salary and wagesdirect payment of money to an employee for work completed.
terminationthe end of an employment relationship between a company and an employee.
transferthe assignment of an employee to another job in the company with a similar level of responsibility.
work environmentthe physical conditions and the psychological atmosphere in which employees work.
workforceall of the people 16 years or older who are employed or who are looking for a job.


Business Educator
Tri-County High School
Wolcott, IN

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