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Business Chapter 8 - Human Relations

Vocabulary Chapter 15

AB
Human Resources ManagementThe process of finding, selecting, training, and evaluating employees.
Job DescriptionA detailed outline of the duties, qualifications and conditions required to do a specific job.
CompensationHow much the job pays and the benefits offered.
RecruitmentActively looking for qaulified people to fill a job.
OrientationThe process of helping new employees adjust to a company.
WorkforceAll people 16 years and older who are employed or looking for a job
White-collar workerone who’s job is more mental than physical
Performance AppraisalAn evaluation of how well you are doing your job.
TransferMove to another job within a company.
Blue Collar jobone who’s job in more physical than mental
Downsizingis a planned reduction in the number of employees needed in a firm in order to reduce costs
Outsourcingremoves work from one company and sends it to another company that can complete it at a lower cost.
Planning & Staffingidentifying and filling all the jobs in the company with qualified people
Performanec Managementevaluating the work of employees and improving performance
Compensation & benefitsresponsible for planning/managing payroll & benefits
Organizational Developmentmaintaining an safe, healthy and productive workplace
Job Analysisis a specific study of a job to identify in detail the job duties and skill requirements
Cafeteria Planallows the employee to choose which benefits he/she wants
Incentive Systemconnect 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
Terminationends the employment relationship between a company and employee
Layoffreduction in number of employees because of economic or business decisions
organizational cultureis the environment in which people work, made up of atmosphere, behaviors, beliefs and relationships
Labor Unionsan organized group of employees who negotiate with employers about wages & work 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


Personal and Business Finance
Dobyns-Bennett High School

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