Chapter 10 Flashcards
Affirmative action programs
Legally mandated plans that try to increase job opportunities for minority groups by analyzing the current pool of workers, identifying areas where women and minorities are under represented, and establishing specific hiring and promotion goals with target dates for addressing the discrepancy
Arbitration
Settlement of a labor/management dispute by a third-party, who solution is legally binding and enforceable
Benefits
Non-financial forms of compensation provided to employees such as pension plans, health insurance, paid vacation and holidays
Bonuses
Monetary rewards offered by companies for exponential performance as incentives to further increase productivity
Boycott
And attempt to keep people from purchasing the products of a company
Collective bargaining
The negotiation process through which management and unions reach an agreement about compensation working hours and working conditions for the bargaining unit
Commission
And incentive system that pays a fixed amount or percentage of the employees sales
Conciliation
A method of outside resolution of labor and management differences in which a third-party is brought in to keep the two sides talking
Development
Training that augments the skills and knowledge of managers and professionals
Diversity
The participation of different ages, genders races, ethnic, ethnicities, nationalities, and abilities, in the workplace
Human resources management
All the activities involved in determining an organizations, human resources needs as well as acquiring training and compensating people to fill those needs
Job description
A formal written explanation of a specific job, usually including job title tasks, relationships with other jobs, physical and mental skills, required duties responsibilities, and working conditions
Job analysis
The determination through observation and study of pertinent information about a job, including specific tasks, and necessary abilities and knowledge and skills
Job specification
A description of the qualifications necessary for a specific job, in terms of education, experience, and personal and physical characteristics
Labor contract
The formal written document that spells out the relationship between the union and management for a specified period of time, usually two or three years