Vocab2 Flashcards
Equal work
Work having equal skills, equal effort, equal responsibility, and similar working conditions, all performed at the same location.
Equity
Amount of owners’ or shareholders’ portion of a business.
Ergonomics
Design of the work environment to address the physical demands experienced by employees.
Essential functions
Primary job duties that a qualified individual must be able to perform, either with or without accommodation; a function may be considered essential because it is required in a job or because it is highly specialized.
Ethics
System of moral principles and values that establish appropriate conduct.
Evaluation
Level of learning characterized by ability to make judgments.
Excelsior List
List the employer has to provide the union with the names and addresses of certain employees within seven days after the direction of or consent to an election.
Excess deferral plans
Nonqualified deferred compensation plans that provide benefits to selected management or highly compensated employees beyond Section 415 limitations.
Excess group-term life insurance
Amount of employer-provided group-term life insurance over $50,000.
Exclusive provider organization (EPO)
Plan in which participants must use providers in the network of coverage or no payment will be made.
Executive coaching
Coaching typically conducted by a third-party vendor to support managers in mastering the fundamental principles and practices for achieving extraordinary results and empowering staff success.
Executive search firms
External recruiting method; firms seek out candidates, usually for executive, managerial, or professional positions.
Exempt employees
Employees who are excluded from FLSA minimum wage and overtime pay requirements.
Exit interview
Interview conducted when an employee is terminating with an organization in which employee is asked to share views on selected issues.
Expatriates
Collective term for employees sent abroad to work in a country other than where they live.
Expatriation
Process of sending employees abroad and supporting their ability to adapt to cultural changes and complete their international assignment.
Experience rating
Rating system that bases insurance rates on claims history.
Explanation of benefits (EOB)
Written statement provided by an insurance provider indicating what portion of a benefit claim was paid to the health-care provider and what portion of the payment, if any, the individual is responsible for.
Express oral contract
Involves verbal promises made between employer and employee related to employment.
Extended organization
Alliance between organizations to create processes and information channels that allow communication and collaboration.
External coaching
Coaching typically available to professional, exempt, and/or high-potential employees that is done in a private and confidential relationship with a trained or certified consultant/coach.
External equity
When an organization’s pay rates are at least equal to market rates.
Extrinsic rewards
Rewards such as pay, benefits, bonuses, promotions, achievement awards, time off, more freedom and autonomy, special assignments, etc.
Factor comparison method
Job comparison method that ranks each job by each selected compensable factor and then identifies dollar values to develop a pay rate.
Fair and Accurate Credit Transactions Act (FACT)
Act that provides some relief to employers using third parties to conduct workplace investigations.
Fair Credit Reporting Act (FCRA)
Act that protects privacy of background information and ensures that information supplied is accurate.
Fair Labor Standards Act (FLSA)
Act that regulates employee status, overtime pay, child labor, minimum wage, record keeping, and other administrative concerns.
Fair use
Provision of the Copyright Act that allows the use of copyrighted work in certain circumstances.
Family and Medical Leave Act (FMLA)
Act that provides employees with up to 12 weeks of unpaid leave to care for family members or because of a serious health condition of the employee.
Faragher v. City of Boca Raton
Court ruling that distinguished between supervisor harassment that results in tangible employment action and supervisor harassment that does not.
Fast-track programs
Career development programs that involve identifying a pool of potential leaders and rapidly increasing their leadership skill development.
Featherbedding
Situation in which unions try to require the employment of more workers than is necessary.
Federal Labor Relations Authority (FLRA)
Administers the provisions of the various executive orders that fall under the Civil Service Reform Act of 1978.
Federal Mediation and Conciliation Service (FMCS)
Offers assistance in contract settlement and maintains a list of arbitrators to help interpret contract language and resolve disputes.
Fee-for-service health-care plan
Full-choice health-care plan that allows covered employees to go to any qualified physician or hospital and submit claims to the insurance company; also known as indemnity health-care plan.
Fetal protection policies
Attempts to protect the fetus from workplace hazards.
Financial Accounting Standards Board (FASB)
Private, not-for-profit body that decides how public financial executives should report their firms’ financial information to their shareholders.
Financial ratios
Calculations designed to describe an organization’s financial health and performance from various perspectives.
First-impression error
Type of interviewer bias in which interviewer makes snap judgments and lets first impression (either positive or negative) cloud the interview.
Fishbowl interview
Interactive type of group interview that helps employer learn how individual interacts with others to solve business-related issues as well as individual’s depth of analytical skills and natural abilities as leader or team player.
Flat-rate pay
Provides each incumbent of a job with the same rate of pay, regardless of performance or seniority; also known as single-rate pay.
Flexible spending account (FSA)
Type of Section 125 plan that allows employees to use pretax dollars to pay for out-of-pocket health and dependent-care expenses.
Flexible staffing
Use of alternative recruiting sources and workers who are not regular employees; also known as alternative staffing.
Flextime
Work schedule that requires employees to work an established number of hours per week but allows starting and ending times to vary.
Focus group
Small group (normally six to twelve) invited to actively participate in a structured discussion with a facilitator.
Foreign Corrupt Practices Act (FCPA)
Prohibits American companies from making corrupt payments to foreign officials for the purpose of obtaining or keeping business.
Formula budgeting
Form of budgeting in which an average cost is applied to comparable expenses and general funding is changed by a specific amount.
Fraudulent misrepresentation
Intentional deception relied upon and resulting in injury to another person.
Frequency distribution
Listing of grouped data, from lowest to highest.
Frequency table
Shows the number of people or organizations associated with data organized in a frequency distribution.
Full cafeteria plan
Type of Section 125 plan that allows employees to choose from a menu of benefits and allocate pretax dollars to pay for those benefits.
Fully insured health-care plan
Health-care plan in which the employer pays a third-party insurance carrier premiums that cover medical charges, administrative costs, sales commissions, taxes, and profits.
Functional structure
Organizational structure that defines departments by what services they contribute to the organization’s overall mission.
Gainsharing plans
Group incentives where a portion of the gains an organization realizes from group efforts is shared with the group.
Gantt chart
Project planning tool that graphically displays activities of a project in sequential order and plots them against time.
Garnishment
Occurs when a creditor obtains a court order requiring an employer to attach an employee’s earnings in order to pay back a debt.
Gatekeeper
Individual, usually a primary-care physician, who is given control of patient access to specialists and services in a managed care organization.
Gender
Refers to the socially constructed roles, behaviors, activities, and attributes that a given society considers appropriate for men and women.
General Duty Clause
Statement in Occupational Safety and Health Act that requires employers subject to OSHA to provide employees with a safe and healthy work environment.
General Dynamics Land Systems, Inc., v. Cline
Case in which Supreme Court held that the Age Discrimination in Employment Act does not protect younger workers, even if they are over age 40, from workplace decisions that favor older workers.
General pay increase
Pay increase given to all employees (or a class of employees such as office or production workers) based on local competitive market requirements; awarded regardless of employee performance.
Generation X
Group of people born roughly between the years of 1965 and 1980.
Generation Y
Group of people born after 1980.
Genetic Information Nondiscrimination Act (GINA)
Act that prohibits discrimination against individuals on the basis of their genetic information in both employment and health insurance.
Geographic differential pay
Pay based on where an employee works.
Gissel order
NLRB order to an employer to bargain with the union as a remedy for serious ULP charges against the employer.
Glass ceiling
Invisible barrier that blocks minorities and women from attaining senior executive positions.
Goal
Clear statement, usually in one sentence, of the purpose and intent of a human resource development program.
Golden handcuffs
System of overlapping short- and long-term incentives to make it less likely that key employees will leave an organization.
Golden parachutes
Clauses written into executive contracts that provide special payments to key executives who might lose their position or be otherwise disadvantaged if another organization took control through a merger or acquisition; also known as parachutes.
Good-faith bargaining
Generally means that parties in a negotiation enter into discussion with fair and open minds and a sincere desire to arrive at an agreement.
Graded vesting
System by which qualified retirement plan participants become incrementally vested over a period of years of service.
Gratz v. Bollinger
Case in which Supreme Court held that University of Michigan’s undergraduate admission program was not sufficiently “narrowly tailored†to consider race as a factor in admission decisions in order to achieve goal of a diverse student body.
Green-circle rates
Situation where an employee’s pay is below the minimum of the range.
Grievance procedure
Provides an orderly way to resolve differences of opinion in regard to a union contract.
Griggs v. Duke Power
1971 case that recognized adverse impact discrimination.
Gross domestic product (GDP)
Estimate of the total value of goods and services produced in a country in a given year.
Gross earnings
Total earnings before taxes; include regular wages plus additional earnings such as tips, bonuses, and overtime pay.
Gross profit margin
Ratio of gross profit to gross sales.