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Understanding Business Ch. 11
RCC BUS 10. Nickels
47
Business
Undergraduate 1
01/30/2014

Additional Business Flashcards

 


 

Cards

Term
Define: Human  resource  management
Definition
the  process  of  determining human  resource  needs and  then  recruiting,  selecting, developing, motivating, evaluating,  compensating,  and scheduling  employees  to  achieve organizational  goals
Term
Two key factors in Human  resource  management
Definition

 (1)  organizations'  recognition  of  employees  as their  ultimate  resource

 

(2)  changes  in  the  law  that  rewrote  many  traditional  practices.

Term
Civil Rights Act  of  1964
Definition
prohibits  discrimination  in  hiring,  firing, compensation,  apprenticeships, training,  terms,  conditions,  or  privileges  of  employment  based  on  race , religion,  creed,  sex, age, or  national  origin.
Term
Equal  Employment  Opportunity  Act
Definition
Affirmative Action
Term
Define: affirmative action
Definition
Employment activities designed to  "right  past wrongs"  by  increasing opportunities for minorities and women.
Term
Define: reverse discrimination
Definition
discriminating against  members  of  a  dominant  or majority  group  usually  as  a  result  of  policies  designed  to  correct  previous  discrimination  against minority  or  disadvantaged  groups .
Term
Vocational Rehabilitation  Act  of  1973
Definition
extended  protection  to  people  with any  physical  or  mental  disability
Term
Americans  with  Disabilities Act  of  1990
Definition

 requires employers  to  give  applicants  with  physical  or  mental  disabilities the  same  consideration  for  employment  as  people  without  disabilities

 

  making  "reasonable  accommodations " for  employees  with  disabilities,  such  as  modifying  equipment  or widening  doorways.

Term
Define:  accommodation
Definition
treating people  according to their specific needs
Term
Age  Discrimination  in  Employment  Act  of  1967
Definition
protects individuals 40  or  older  from  employment  and  workplace  discrimination  in hiring,  firing,  promotion,  layoff,  compensation,  benefits,  job assignments, and  training
Term
five steps in  the  human  resource  planning process
Definition

1.  Preparing a  human  resource inventory  of  the organizations employees

 

2.  Preparing a job analysis.

 

3.  Assessing future  human  resource demand

 

4.  Assessing future labor supply

 

5.  Establishing a strategic plan

Term
Define: Recruitment
Definition
the  set  of  activities for  obtaining  the  right  number  of  qualified  people  at  the  right  time.
Term
Define: Internal sources
Definition
current  employees who  can  be  transferred  or  promoted  or  who  can  recommend  others  to  hire
Term
Define:  external sources
Definition
advertisements,  public  and  private  employment  agencies,  college  placement  bureaus, management  consultants, Internet  sites,  professional  organizations,  referrals,  and  online  and  walk-in applications
Term
Define: Selection
Definition
the  process  of  gathering  information  and  deciding  who  should  be hired,  under  legal  guidelines,  to  serve  the  best  interests  of  the  individual  and the  organization
Term
Six Steps to the Selection Process
Definition

1.  Obtaining complete application forms.

 

2.  Conducting initial and follow-up interviews.

 

3.  Giving employment tests

 

4.  Conducting  background  investigations

 

5.  Obtaining results from physical exams

 

6.  Establishing trial (probationary) periods

Term
Define: Contingent  workers
Definition

 part-time  workers  (anyone  who works  1  to  34  hours  per  week), 

 

temporary  workers  (workers  paid  by  temporary  employment  agencies), 

 

seasonal  workers,  independent  contractors, interns,  and  co-op  students.

Term
Define: training  and  development
Definition
All  attempts  to improve productivity  by increasing an  employee's ability to perform. Training focuses on  short-term  skills, whereas development focuses on long-term abilities.
Term
Training vs. Development
Definition

  Training  focuses  on  short-term  skills

 

development  focuses  on long-term  abilities.

Term
Three Steps to training and development
Definition

(1)  assessing  organization  needs and  employee skills  to  determine  training  needs

 

(2)  designing  training  activities  to  meet  identified  needs

 

(3)  evaluating  the  training's effectiveness.

Term
Define: Orientation
Definition
the  activity  that  initiates  new  employees into  the organization;  to  fellow employees; to  their immediate  supervisors;  and to  the  policies, practices,  and  objectives  of  the  firm.
Term
Define: On-the- job  training
Definition
Training  at  the  workplace that  lets  the  employee learn by doing  or  by  watching others  for  a while and  then imitating  them.
Term
Define: apprentice programs
Definition
Training programs during which a learner works alongside  an  experienced employee  to  master  the  skills and procedures  of  a craft.
Term
Workers  who  successfully  complete  an  apprenticeship  earn  the classification....
Definition
Journeyman
Term
define: off-the-job  training
Definition
Internal or external training programs away from the
workplace  that  develop any of  a variety  of  skills or foster personal development.
Term
Define: Online  training
Definition
Training programs  in  which employees complete classes via the Internet.
Term
Define: vestibule  training
Definition
Training done  in  schools where employees are taught on  equipment similar to  that used  on  the  job
Term
Define: job  simulation
Definition
The  use  of  equipment  that duplicates  job  conditions and tasks  so  trainees  can learn skills before attempting them on the job.
Term
Define:  Management  development
Definition
The process  of  training and educating employees to become good managers, and then monitoring the progress  of  their managerial skills over time.
Term
Types of  management  training  programs
Definition

On-the-job coaching

 

Understudy positions

 

Job rotation

 

Off-the-job courses and training

 

 

Term
Define: Networking
Definition
the  process of establishing  and maintaining  contacts  with  key  managers  in  your own  and  other  organizations,  and  using  those  contacts  to  weave strong  relationships  that  serve as informal  development systems
Term
Define: Mentor
Definition
a corporate  manager who  supervises, coaches,  and  guides selected lower-level employees  by  introducing  them  to  the  right people  and  generally acting as  their  organizational sponsor.
Term
minority  managers' three  crucial  principles
Definition

(1)  grooming  women  and  minorities for  management  positions  isn't  about  legality, morality, or  even  morale  but rather  about  bringing  more  talent  in  the  door,  the  key  to  long-term  profitability

 

(2)  the  best  women  and  minorities  will  become  harder  to  attract  and retain,  so  oompanies  that  commit  to  development  early  have  an  edge

 

(3)   having  more  women  and  minorities  at  all levels lets  businesses  serve  their increasingly female  and  minority  customers  better.

Term
Define:  performance  appraisal
Definition
an  evaluation  that  measures  employee performance against  established  standards  in  order to  make  decisions  about  promotions , compensation, training,  or  termination
Term
Performance  appraisals six steps
Definition

1.  Establishing performance standards

 

2.  Communicating those standards

 

3.  Evaluating performance

 

4.  Discussing results with employees.

 

5.  Taking corrective action

 

6.  Using the results  to  make decisions

Term
Define: 360-degree review
Definition
management  gathers  opinions  from  all  around the  employee,  including  those  under,  above,  and on  the  same  level,  to  get  an accurate, comprehensive  idea  of  the  worker's  abilities
Term
Define:  labor-intensive
Definition
the  primary  cost of operations is  the  cost  of  labor
Term
Define: Skill-based pay
Definition

 rewards  the  growth  of  both  the  individual  and the  team. 

 

Base  pay  is  raised  when  team  members  learn and apply  new  skills.

Term
Define: gain-sharing systems
Definition
base  bonuses  on improvements  over  previous  performance
Term
Types of Pay Systems
Definition

Salary

 

Hourly Wage

 

Piecework

 

Comission

 

Bonus Plans

 

Proft-sharing

 

Gain-sharing

 

Stock Options

Term
Define: Fringe  benefits
Definition
sick-leave pay,  vacation  pay,  pension  plans,  and  health plans  that  provide  additional  compensation  to  employees  beyond  base  wages
Term
Define: cafeteria-style  fringe benefits
Definition
Fringe benefits plan  that allows employees to choose  the  benefits  they want up  to  a certain dollar amount.
Term
Define:   flextime  plan
Definition
gives employees  some  freedom  to  choose  which  hours  to work, as long as they  work  the  required number  of  hours  or  comp lete  their  assigned tasks
Term
define: Core Time
Definition
the  period  when  all employees  are  expected  to  be  at their  job  stations
Term
Define: Compressed Work Week
Definition
Core  time  is  the  period  when  all employees  are expected  to  be  at their  job  stations
Term
Define: Job  sharing
Definition
An  arrangement whereby two part-time employees share one full-time job.
Term
Define: Golden handshake
Definition
one-time  cash  payments to entice older employees to retire
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