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Human Resources

TermDefinition
Benefits Compensation in forms other than direct payment.
Compensation The amount of money paid to an employee for work performed, including salary or wages.
Diversity The comprehensive inclusion of people with differences in personal characteristics and attributes.
Glass Ceilings Artificial limit placed on minority groups moving into positions of authority and decision making.
Downsizing A planned reduction in the number of employees needed in a firm in order to reduce costs and make the business more efficient.
Incentive Systems The amount of compensation connected to the quality or quantity of an employee's performance.
Job analysis A specific study of a job to identify in detail the job duties and skill requirements.
Labor Union An organized group of employees who negotiate with employers about issues, such as wages and working conditions.
Organizational Culture The environment in which people work, made up of the atmosphere, behaviors, beliefs, and relationships.
Outsourcing Removing work from one company and sending it to another company that can complete it at a lower cost.
Promotion Any form of communication used to inform, persuade or remind; the advancement of an employee to a position with greater responsibility.
Termination The end of an employment relationship between a company and an employee.
Transfer The assignment of an employee to another job in the company with a similar level of responsibility.
Salary & Wages Direct payment of money to an employee for work completed.
Work Environment The physical conditions and the psychological atmosphere in which employees work.
Workforce All of the people 16 years or older who are employed or who are looking for a job.
Created by: 97230
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