Unit 5 Flashcards
Commission
An extra amount of money that is paid to a person or organization according to the value of the goods they have sold or the services they have provided
Redundancy
A situation in which someone has to leave their job, because they are no longer needed
Perk
Something that you get legally from your work in addition to your wages, such as goods, meals, or a car
Incentive
Something that encourages you to work harder, start a new activity etc.
Assessment
The judgement you make about a person or a situation
Breakdown
A sudden collapse in someone’s mental health
Empowerment
When workers in a company are given more responsibility by being allowed to organize their own work, make decisions without asking their managers etc. For the company, this has the advantage of making their employees more involved and able to help clients more quickly
Fringe benefits
Extra benefits supplementing an employee’s money wage or salary, for example a company car, private health care, etc.; perks
Red tape
Official rules that seem unnecessary and prevent things from being done quickly and easily; bureaucracy
Remuneration package
The pay offered to employees, along with any other advantages such as long holidays or a car
Severance payment
Money or other things that you get when you have to leave a company because your employer no longer has a job for you
Industrial action
An action such as a strike (=stopping work) taken by workers involved in a disagreement with their employer
Autonomy
The ability or opportunity to make your own decisions without being controlled by anyone else
Bureaucracy
Red tape
Time-consuming
Taking a long time to do
Demotivating
Making someone less eager or willing to do their job
Burnout
The feeling of always being tired because you have been working too hard
Compensation package
The total amount of pay and all the other advantages such as STOCK OPTIONs (=the right to buy the company’s shares cheaply) that are offered to a company’s important managers
(staff) turnover
The rate at which workers leave an organization and are replaced by others
Golden handshake
A large amount of money given to someone when they leave their job
To monitor
To carefully watch and check people
Appraisal
A meeting between a manager and a worker to discuss the quality of someone’s work and how well they do their job
(job) rotation
A period of time spent doing a particular job, w dynamic hen you will soon change to a different job for the same employer
Arena
A place or scene of activity
Dynamic
Continuously moving or changing
Innovation
A new idea, method, or invention
Two pronged
Using two separate parts of an operation, typically approaching a place or subject from different positions.
Flexibility
The ability to change or be changed easily to suit a different situation
Initially
To begin with
Sabbatical
A period when someone, especially someone in a university job, stops doing their usual work in order to study or travel
Carbon footprint
The amount of carbon dioxide that a person or organization produces by the things they do, used as a way of measuring the amount of harm they do to the environment
Recycling
The process of treating used objects or materials so that they can be used again
Charitable work
Work in order to help the poor actualization
Self-actualisation
The realization or fulfilment of one’s talents and potentialities, especially considered as a drive or need present in everyone
Voluntary work
Working, done, or maintained without payment
Voucher
A ticket that can be used instead of money for a particular purpose
Contributory
A contributory pension or insurance plan is one that is paid for by the workers as well as by the company they work fo
Pension
an amount of money paid regularly by the government or company to someone who does not work anymore
Hospitality
1 friendly and generous behaviour towards guests
(here) 2 services such as food and drink that an organization provides for guests at a special event
Lodging
Accommodation; a place to stay, like in a hotel
Beverage
Any type of drink except water
Staff turnover
The rate at which employees leave a company and are replaced by other people
Psychometric test
A psychometric test, also known as an Aptitude Test, is a common part of many modern-day interviews and assessments.
Psychometric tests take many forms and are an umbrella term for any assessment that tests one’s cognitive ability or personality.
To align to
To be in an agreement with and fit the requirements
Core
The most important or central part of something
Competency
A skill that you need in a particular job or for a particular task
Potential
If people or things have potential, they have a natural ability or quality that could develop to make them very good
Accredited
Having official approval to corporate do something, especially because of having reached an acceptable standard
Reinforce
To make a feeling, an idea, etc. stronger
Paternity leave
A period of time that the father of a new baby is allowed away from work Compare = maternity leave
Voucher
A printed piece of paper that can be used instead of money to pay for something,
Contributory
Involving payments from the people who will benefit
Pension
An amount of money paid regularly by a government or company to somebody who is considered to be too old or too ill/sick to work
Audit
An official examination of business and financial records to see that they are true and correct
High-flyer
A person who is or has the potential to be very successful, especially academically or in business
Corporate
Relating to a large company or group
To juggle
To cope with by balancing (several activities)
Questionnaire
A set of printed or written questions with a choice of answers
Carte blanche
Complete freedom to act as one wishes
Secondment
The temporary transfer of an official or worker to another position or employment (she could work there for a while and then come back)
Initiative
An important new plan or process to achieve a particular aim or to solve a particular problem
Proactively
By taking action to control a situation rather than just responding to it after it has happened
To encompass
To include in a way that covers all or nearly all aspects of it
Middle managers
The managers in an organization at a level between senior and junior managers
To volunteer
To work for an organization without being paid
Benefits scheme
A plan that shows the things that are offered to the employees of a company in addition to their normal pay, such as childcare vouchers, company cars, loans at low rates of interest, and the possibility of buying shares
Occupational
Relating to or caused by your job
Pension scheme/plan
A system in which an employer, insurance company etc. provides workers with a pension after they have made regular payments into the scheme over many years
Policy
A course or action adopted or proposed by an organization or individual
To socialise
To mix socially with others
Deputy
A person who is appointed to undertake the duties of a superior in the superior’s absence
Go sour
To become less pleasant; to turn out badly
Tactile
(of a person) given to touching other people, especially as an unselfconscious expression of sympathy or affection
IT
Information Technology
