Tricky Cards Flashcards
Organizational culture
values and beliefs shared by members of an organization and the behaviors that arise from same
Organizational climate
mood of the organization or the ways employees experience or react to the prevailing culture
Strategic planning
planning for competition. assessment of attributes a company has or wants to have for competition.
SWOT analysis
planning tool used to evaluate the strengths, weaknesses, opportunities, and threats that face the company
Porter’s Five Forces
theory that five basic forces determine the competitive dynamics in the industry
Competitive Rivalry
this looks at the number and strengths of your competitors. How many rivals do you have? Who are they, and how does the quality of their products and services compare with yours? Intense rivalry can lead to aggressive price cuts and high-impact marketing campaigns.
Supplier Power
this is determined by how easy it is for your supplier to increase their prices. How many potential suppliers do you have? How unique is the product or service that they provide and how expensive would it be to switch from one supplier to another?
Buyer Power
how easy it is for buyers to drive your prices down. How many buyers are there, and how big are their orders? how much would it cost them to switch from your products to a rival?
Treat of Substitution
Refers to the likelihood of your customers finding a different way of doing what you do
Threat of New Entry
your position can be affected by people’s ability to enter your market.
Unit demand
asking unit managers to report on volume of business activity they anticipate in the coming years and how many people are needed to carry out that activity.
Probabilistic model
predictions about the future using computer simulations
Workload analysis
Short-term needs analysis which involves looking at output/productivity the company needs in the immediate future
Ratio analysis
determines whether an organization has enough employees to meet the needs of the company
Delphi technique
forecasting future job needs by combining the input and expertise of many professionals who never meet
Nominal group technique
panel of experts but they meet, unlike Delphi
job bidding
employee expresses interest in a position before the job is available
succession planning
identifying promising employees who have potential to occupy managerial or executive roles
dual career ladder
promoting promising employees who have no interest in managerial or supervisory positions
ready for promotion
employee has the skills and experience needed for promotion
developed for future promotion
employee has the skills, but needs more experience before being promoted
satisfactory in current role
needs more experience and doesn’t have the skills for promotion
replace
can be due to retirement, transfer, disability leave, poor performance, etc.
Employee Retirement Income & Security Act (ERISA)
employee contributions are vested 20% at 3 years, 100% at 7 years
Equal Pay Act of 1963
men and women must be paid equally for equal work
Sherman Anti-Trust Act of 1890
prevents organizations from restricting free trade. First federal law to have impact on organized labor.
Clayton Anti-Trust Act of 1914
strengthened Sherman, but specifically exempted labor unions. Allows use of injunctions where there is a threat of property damage
Railway Labor Act of 1914
prevents railroad and airline strikes from resulting in significant trade/transportation issues. Requires employees to seek ADR before resorting to a labor strike. President can declare national emergency and make employees return to work for 90 days.
Norris-LaGuardia Act of 1932
prevents employers from asking employees not to join a union aka yellow dog contract
Patient Protection and Affordable Care Act (PPACA)
allows accommodations such as breastfeeding and ensures access to affordable healthcare, penalizing large companies that don’t provide minimal essential coverage.
National Labor Relations Act (NLRA) of 1935
guarantees workers the right to organize a union and established the National Labor Relations Board
Old Age, Survivors and Disability Insurance Program
aka social security, benefits to employees who retire or become unable to work as well as eligible surviving dependents if the employee passes away. Employees pay tax to support this benefit and employers match the contribution
Pension Protection Act of 2006
protects employees when they are entitled to pension plans, but those plans do not have the funds necessary to provide the promised benefits
Retirement Equity Act
reduced existing age limits restricting participation in pension plans and provided more protections to survivors of employees entitled to pensions, and restricted conditions that can be placed on survivor plans
Older Worker Benefit Protection Act of 1990
amendment of the ADEA of 1967, prohibits discrimination against older employees when it comes to benefits
Wash-Healey Public Contracts Act of 1936
FLSA for federal contractors and established standards but only for government workers
Davis-Beacon Act of 1931
first federal legislation to mandate that laborers and mechanics be paid the prevailing wage on public works projects
Labor Management Relations Act/Taft-Harley Act of 1947
identified union activities that constitute unfair labor practices
continuous data
any range, i.e. 22.67 years old
discrete data
only whole numbers (i.e. can’t own 3.4 cars)
nominal data
categorical data used to label subjects in a study. type of discrete data
ordinal data
places data objects into an order according to the quality. type of discrete data
interval data
has an order and all of the objects are an equal interval apart (i.e. time and dates, temperature)
tactical/prescriptive analytics
may be used to respond to current, real-time issues employees are facing
strategic analytics/predictive analytics
collection and analysis of data to inform long-term decisions or planning future initiatives
cluster analysis
the process of arranging terms or values based on different variables into “natural” groups
Analysis of Variance (ANOVA)
method of analyzing the difference in a particular variable between multiple populations.
Job application disposal period
1 year or until final disposition if a lawsuit is filed
payroll records disposal period
3 years or until final disposition if a lawsuit is filed
HIPAA breach notification rule
must inform affected employees no later than 60 days after breach
Form 300
reports work-related injuries and illnesses. Must be completed within a week. AKA a log
Form 300A
summary of injuries/illnesses for the work year
Form 301
provides more information about incidents of illness/injury
mechanist
works best with highly specialized jobs
motivational
tracks worker feedback
biological
employee’s comfort (equipment, work/life balance, etc.)