Bus 1010 Chapter 10 Flashcards
Human Resource Management (HRM)
Set of organizational activities directed at attracting, developing, and maintaining an effective workforce.
Job Analysis
Systematic analysis of jobs within an organization.
Job Description
Description of the duties and responsibilities of a job, its working conditions, and the tools, materials, equipment, and information used to perform it.
Job Specifications
Description of the skills, abilities, and other credentials and qualifications required by a job.
Replacement Chart
List of each management position, who occupies it, how long that person will likely stay in the job, and who is qualified as a replacement.
Employee Information System (Skills Inventory)
Computerized system containing information on each employee’s education, skills, work experiences, and career aspirations.
Recruiting
Process of attracting qualified persons to apply for jobs an organization is seeking to fill.
Internal Recruiting
Considering present employees as candidates for openings.
External Recruiting
Attracting persons outside the organization to apply for jobs.
On-the-Job training
Training, sometimes informal, conducted while an employee is at work.
Off-the-Job training
Training conducted in a controlled environment away from the work site.
Vestibule Training
Off-the-job training conducted in a simulated environment.
Performance Appraisal
Evaluation of an employee’s job performance in order to determine the degree to which the employee is performing effectively.
Compensation System
Total package of rewards that organizations provide to individuals in return for their labor.
Wages
Compensation in the form of money paid for time worked.
Salary
Compensation in the form of money paid for time worked.
Incentive Program
Special compensation program designed to motivate high performance.
Bonus
Individual performance incentive in the form of a special payment made over and above the employee’s salary.
Merit Salary System
Individual incentive linking compensation to performance in non-sales jobs.
Pay for performance (Variable Pay)
Individual incentive that rewards a manager for especially productive output.