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Business Essentials

TermDefinition
Benefits: Advantages or payments employee receive in addition to their wages
Compensation: pay or wages for work completed
Compliance: Fulfilling the requirement of the law
Employee complaint: an oral or written expression of an employee dissatisfaction
Employee safety: freedom from danger, risk, or injury
Employee-assistance programs: a project organized and sponsored by a company
Exit interviews: discussion with employees who are leaving
globalization: the rapid and unimplied flow of capital, labor and ideas across national
human resources: people who work to produce goods and services
human resource management: the process of planning and staffing, leading and organizing
job description: explanation of responabilites and task
job specification: explanation of skills and knowledge and things that are required for a job
on-boarding activites: human resources management task that must be performed
on -the-job training: the most common method of training; the employee learns by actual performing jobs
organizational restructuring: a significant change to a business structure
orientation: job preparation or induction training in which new employees are acquired with their surroundings
outsourcing: accruing assistance from outside organization/consults
performance review: a formal assessment of a workers job performance
professional development: steps that an individual takes to enhance or improve skills
recruiting: seeking out and attracting qualified potential employees
staffing: a human resource management activity that involves recruiting
strategic management: the process of planning and controlling and organizing
strategic planning: long-range planning for the company as a whole
telecommute: to work from a location other than a office
Created by: jullie.h091
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