AOS 2 Flashcards
Employee
A person working for another person or a business for wages or a salary
Motivation
The willingness of a person to expend energy and effort in doing a job or task
Performance related pay
A financial reward to employees whose work has reached or exceeded a set standard
Career Advancement
The opportunity to advance to a better job
Investment in Training
Improving the skills of employees
Support and sanction
The positive and negative ways in which an employer can relate to employees. Sanction is a form of punishment
Motivation strategies
A business may use financial or non-financial strategies to motivate employees
Training options
The process of teaching staff how to do their job more efficiently and effectively by boosting their skills and knowledge through on-the-job or off-the-job options.
Performance management strategies
The actions taken to improve both business and individual employee performance by relating the business objectives with the employee objectives.
Management of objectives
A process of setting goals, using SMART principle, which relate to an employees key areas of responsibility. It creates a sense of direction and provides a measure for assessing the work performance of the employee.
Appraisals
Any method of evaluating the performance of an employee against pre-set targets
Self-Evaluation
An employee self-assess both their performance related to their predetermined objectives and their contribution to their business team or unit.
Employee observation
Seeking a variety of opinions on the performance of employees, gathering feedback from a range of people.
Termination
The ending of the employment of an employee
Retirement
Occurs when an employee decides to give up full-time or part-time work and no longer be a part of the labour force
Redundancy
Occurs when a persons job no longer exists, usually due to the technological changes, a business restructure or a merger or acquisition
Resignation
Voluntary termination that occurs when an employee leaves the workplace, usually to go to another job
Dismissal
The termination of an employment contract due to incompetence or indisciplined