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