Key terms minor - unit 2.1

Question 1

Flexitime

Answer 1

A system that enables workers to have a degree of autonomy to determine when they work, so long as they complete their work by set deadlines.

Question 2

Gig economy

Answer 2

The gig economy refers to labor markets where workers are typically on short-term, temporary contracts or carry out freelance work as independent contractors.

Question 3

Human Resource Planning

Answer 3

HRP or workforce planning is the management process of forecasting an organization’s current and future staffing needs.

Question 4

Labour Mobility

Answer 4

The extent to which workers are flexible enough to move to different locations (geographical mobility) and / or their flexibility in changing to different jobs (occupational mobility).

Question 5

Workforce

Answer 5

The number of employees at any one point in time for a particular organization.