Chapter 8 Flashcards
to increase comprehension of business vocabulary to increase student achievement and success
ends the employment relationship between a company and an employee
termination
removes work from one company and sends it to another company that can complete it at a lower cost
outsourcing
amount of money paid to an employee for work performed
compensation
environment in which people work, made up of the atmosphere, behaviors, beliefs and relationships
organizational culture
compensation in forms other than direct forms of payment for work
benefit
the assignment of an employee to another job in the company with similar level of responsibility
transfer
the comprehensive inclusion of people with differences in personal characteristics and attributes
diversity
an organized group of employees who negotiate with employers about issues, such as wages and working conditions
labor union
all the people age 16 and older who are employed or who are looking for a job
workforce
physical conditions and psychological atmosphere in which employees work
work environment
the advancement of an employee to a position of greater responsibility
promotion
connect the amount of compensation to the quality or quantity of an employee’s performance
incentive systems
direct payment to an employee for work completed
salary and wages
a planned reduction in the number of employees needed in a firm in order to reduce costs and make the business more efficienct
downsizing
a study of a job to identify in detail the specific job duties and skill requirements
job analysis