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Small Business
Vocabulary 12.0
19
Business
12th Grade
04/29/2011

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Cards

Term
Benefits
Definition
Employment rewards for service to the business that are provided in addition to salary.
Term
Coaching
Definition
Feedback from the manager on a constant basis.
Term
Combination compensation plan
Definition
Includes a base salary plus commission.
Term
Commission
Definition
Bases pay on a percentage of sales.
Term
Employee complaint
Definition
An oral or written expression of dissatisfaction.
Term
Flextime
Definition
Allows employees to choose the work hours and days they think will be most effective.
Term
Job Description
Definition
A written statement listing duties and responsibilities of a specific job.
Term
Job enlargement
Definition
Adding more tasks of the same skill level.
Term
Job enrichment
Definition
Giving employees more responsibility and control.
Term
Job specific evaluation
Definition
Evaluation that measures effectiveness in carrying out job duties and responsibilities.
Term
Job Specification
Definition
A written document that details the abilities, skills, educational level, and experience needed by an employee to perform the described job.
Term
Management-by-objective evaluation
Definition
Evaluation that assesses progress toward individual objectives.
Term
Mentoring
Definition
Teaming with an experienced employee to learn the job
Term
Performance evaluation
Definition
A review of how well an employee does his or her job.
Term
Performance factor evaluation
Definition
Evaluation that focuses on personality traits important to the job.
Term
Piece rate
Definition
Pays an amount based on the number of units produced.
Term
Salary
Definition
A fixed amount of pay for a certain time period regardless of the number of hours the employee works.
Term
Telecommuting
Definition
Involves performing some or all of the job away from the business through technological communication devices.
Term
Wage
Definition
A fixed amount of pay per hour.
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