U3 AOS2 - definitions Flashcards
human resource management [HRM]
the area of a business that is responsible for managing the relationship between employees and the business, in order to achieve objectives.
motivation
the drive a person has to work hard towards the **achievement of business or personal goals. **
Locke and Latham’s goal setting theory
a theory of motivation that focuses on the process of setting and attaining goals.
performance related pay (pfp)
a financial reward to employees whose work has reached or exceeded a set standard.
career advancement
promoting employees to positions that include more responsibility and more pay.
investment in training
the process of enhancing employee’s knowledge and skills to help them perform better in their job.
support
designed to show care, encouragement and acknowledgement for employees’ work.
sanction
penalties for poor performance or disobeying a policy
training
the process of improving an employee’s skills and knowledge so that they are able to perform their job more efficiently and effectively.
on the job training
training that occurs at the workplace and often involves completing a task
off the job training
training that occurs away from the workplace in a more formal environment
performance management
the process used to evaluate and improve individual and business performance.
management by objectives
a performance management strategy where managers and employees establish,** measure and monitor** goals together for a specific period
performance appraisals
measures how well an employee has performed their job, provides feedback to employees and establishes plans to improve performance
self evaluation
an employee self-assesses both their performance related to criteria and their contribution to the team