People Flashcards
What are the PEST Factors?
Political, Economic, Social, and Technological
What is a PEST analysis used for?
Environmental scanning
What are the 5 employee lifecycles?
Recruitment and selection, onboarding and orientation, training and development, performance management, and transition
Recruitment and selection
Finding the best fit between a job and an employee
Onboarding and orientation
Gaining information and tools necessary to succeed in the job and getting acclimated to the organization’s culture
Training and development
Promoting engagement and retention by developing an employee’s skills and commitment
Performance management
Working with employees helping them achieve their goals and objectives and priming them to become a stronger employee
Transition
Achieving the best match of an employee’s capabilities with an organization’s needs through transfer, promotion, demotion, resignation, and retirement
What is an EVP?
Employee value proposition. The unique set of benefits that an employee receives for the skills, capabilities, and experience they bring to a company.
Job Analysis
Determining the level of responsibility embedded in the job and how it impacts the overall organization
Job Description
Series of statements describing the role, responsibility, duties, and scope of a particular job
Job Specification
States the minimum qualifications required for performing that job. (i.e. Education, physical and mental abilities, experience, etc.)
What are the two Federal Labor Standards Act (FLSA) classifications?
Exempt (does not require overtime payment) and Nonexempt (not exempt from min wage requirements and overtime requirements).
Regular full-time employees
Regularly scheduled to work the company’s full time schedule. Usually eligible for company benefit programs depending one eligibility conditions
Regular part-time employees
Regularly scheduled to work less than the company’s full time schedule. May be eligible for some company benefit programs