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Principles of Management
Vocab Chapter 10
38
Business
Undergraduate 3
04/06/2008

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Term
Human Resource Management
Definition
The process of accomplishing an organization's objectives by acquiring, retaining, developing and properly using its human resources.
Term
Acquisition Phase
Definition
A step in human resources management that involves recruiting, screening, selecting, and properly placing personnel.
Term
Retention
Definition
An employer's ability to hold employees.
Term
Termination
Definition
ending an employee's employment.
Term
Proper use of people
Definition
an understanding of both individual and organizational needs so that the full potential of human resources can be employed.
Term
Human Resource planning
Definition
Estimating the size and makeup of the future workforce.
Term
Bona fide occupational qualification (BFOQ)
Definition
a qualification that is reasonably necessary for the normal operation of the particular business.
Term
Selection of personnel
Definition
the hiring process that depends largely on an organization's needs and compliance with legal requirements.
Term
Structured Interview
Definition
an interview for which the interviewer prepares questions in advance and asks these specific questions of all interviewees
Term
Semistructured interview
Definition
an interview for which the interviewer prepares some questions in advance but has the flexibility in the questions to ask.
Term
Unstructured Interview
Definition
an interview for which the interviewer has the freedom to discuss whatever information is considered important.
Term
selection tests
Definition
common test used to screen applicants.
Term
Orientation
Definition
a process of providing new employees specific information about their organization.
Term
Performance Evaluation
Definition
a postcontrol technique that focuses on the extent to which employees have achieved expected levels of work during a specified time period.
Term
Judgmental purposes
Definition
the use of performance evaluation results as bases for salary, promotion, and transfer decisions.
Term
Developmental Purposes
Definition
a performance evaluation policy of informing employees of their strengths and weaknesses and ways to improve their skills and abilities in an effort to improve performance through self-learning and personal growth.
Term
Performance Standard
Definition
Standards that form the basis for appraising an individual employee's effectiveness during the performance evaluation.
Term
Relevant requirement
Definition
a measure used as a performance standard must be determined to have a significant and determinable necessity to the individual and the organization.
Term
Stable Requirement
Definition
the requirement that a performance evaluation standard must be reliable, that is, different evaluations performed at different times should be in agreement.
Term
Discriminatory Requirement
Definition
the requirement that a performance evaluation standard must recognize the difference between good, average, and poor performers.
Term
Practical requirement
Definition
an evaluation standard that must have meaning to the evaluator and the person being evaluated.
Term
360 degree feedback
Definition
a form of performance evaluation that involves gathering info. about a person's behavior from a boss, direct support, colleagues, team members, internal and external customers.
Term
Weighted Checklist
Definition
a rating system consisting of statements that describe various types and levels of behavior for a particular job. Each of the statements is weighted according to its importance.
Term
Behaviorally anchored rating Scales (BARS)
Definition
Rating scales developed by raters and ratees that use critical behavior incidents as interval anchors on each scale uses about six to ten scales with behavioral incidents to derive the evaluation.
Term
Management by Objectives (MBO)
Definition
planning and controlling method that comprises of 2 meetings between superior and subordinate.
Term
Direct Financial compensation
Definition
Term
Indirect financial Compensaton
Definition
Term
Compensation System
Definition
Term
Flat rates
Definition
Term
Individual Incentive plan
Definition
Term
Piecework
Definition
Term
Differential piece rate
Definition
Term
Production bonus systems
Definition
Term
Commission
Definition
Term
gainsharing plan
Definition
Term
employee stock option plans (ESOP)
Definition
Term
Comparable Worth
Definition
Term
Fringe Benefits
Definition
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