Midterm Flashcards
Wage, salary admin, compensation benefits
Incentive pay, insurance, vacation, health and wellness
Recruitment challanges
Pressure to exaggerate the positive features of the job while downplaying the negatives
Talent Management
Attracting, retaining, developing, and motivating highly skilled employees and managers
Strategic Management
a process, an approach to addressing the competitive challenges an org faces; “pattern or plan that integrates an org’s major goals, policies, and action sequences into a cohesive whole: Formulation and Implementation
Strategy Formulation
planning group decides on the strategic direction by defining the company’s goals/mission, external opportunities/threats, and internal strengths/weaknesses
Strategy Implementation
org follows through on the chosen strategy
Cost strategies of companies
• High concern for quantity and a short-term focus
• Focus on efficient production
• Invest in training employees in desired skills
Promote internally and develop internally
Internal Growth Strategies
A focus on new market and product development, innovation, and joint ventures
Age discrimination
Prohibits discrimination in employment against individuals 40 years of age or older
Task Interdependence
the extent to which a task requires interaction of the entire team
Outcome Interdependence
a situation where an employee perceives that their personal work benefits and costs are greatly influenced by the performance of other colleagues
Job Analysis
process of getting detailed info about jobs
Job Design
process of defining the way work will be performed and the tasks that will be required in a given job
Ergonomics
concerned with examining the interface between individual’s physiological characteristics and the physical work environment
Biomechanics
the study of body movements at work