Workforce Management Flashcards
Worker adjustment and Retraining Notification (WARN) Act
U.S. act that requires some employers to give a minimum of 60 days’ notice if a plant is to close or if mass layoffs will occur.
Whistleblowing
Reporting of an organization’s violations of policies and processes by employees.
Weingarten rights
Union employees’ right in U.S. to have a union representative or coworker present during an investigatory interview.
Triple bottom line
Economic, social, and environmental impact metrics used to determine an organization’s success.
Risk position
Organization’s desired gain or acceptable loss in value.
Repatriation
Process by which employees returning from international assignments reintegrate into their home country’s culture, conditions, and employment.
Quid Pro Quo harassment
Type of sexual harassment that occurs when an employee is forced to choose between giving in to a superior’s sexual demands and forfeiting an economic benefit such as a pay increase, a promotion, or continued employment.
Principal-agent problem
Situation in which an agent (for example, an employee) makes decisions for a principal (for example, an employer) potentially on the basis of personal incentives that may not be aligned with the principal’s incentives.
Olders Workers Benefit Protection Act (OWBPA)
U.S. act that amended the Age Discrimination in Employment Act to include all employee benefits, also provided standards that an employee’s waiver of the right to sue for age discrimination must meet in order to be upheld by a court.
National origin
Refers to the country (including those that no longer exist) of one’s birth or of one’s ancestors’ birth.
National Labor Relations Act (NLRA)
U.S. act that protected and encouraged the growth of the union movement, established workers’ rights to organize and bargain collectively with employers.
McNamara-O,Hara Service Contract Act
U.S. act that requires contractors and subcontractors on certain contracts to pay service employees in various classes no less than the wage rates and fringe benefits found in the locality or the rates found in the previous contractor’s collective bargaining agreement.
Hostile environment Harassment
Occurs when sexual or other discriminatory conduct is so severe and pervasive that it interferes with an individual’s performance, creates an intimidating, threatening, or humiliating work environment, or perpetuates a situation that affects the employee’s psychological well-being.
Gender identity
Refers to one’s internal, personal sense of being a man or a woman (or boy or girl), which may or may not be the same as one’s sexual assignment at birth.
Equal Pay Act (EPA)
U.S. act that prohibits wage discrimination by requiring equal pay for equal or “substantially equal” work performed by men and women.
Equal Employment Opportunity Act
U.S act that amended Title VII and gave the Equal Employment Opportunity Commission authority to “back up” its administrative findings and conduct its own enforcement litigation.
Disability
Physical or mental impairment that substantially limits one’s major life activities.
Workweek
Any fixed, recurring period of 168 consecutive hours (7 days times 24 hours = 168 hours).
Walsh-Healy Public Contracts Act
U.S. act that establishes a minimum wage, maximum hours, and health and safety standards for contracts to manufacture or furnish materials, articles, or equipment to the U.S. government or the District of Columbia.
Vietnam Era Veteran,s Readjustment Assistance Act (VEVRAA)
U.S. act that prohibits discrimination against specified categories of veterans, applies to federal government contractors and subcontractors.
Vicarious Liability
Legal doctrine under which a party can be held liable for the wrongful actions of another party.
Vesting
Process by which a retirement benefit becomes nonforfeitable.
Uniformed Services Employment and Reemployment Rights Act *USERRA)
U.S. act that protects the employment, reemployment, and retention rights of persons who serve or have served in the uniformed services.
Uniform Guidelines on Employee Selection Procedures
Procedural document designed to assist employers in complying with federal regulations prohibiting discrimination.
Sustainability
Practice of purchasing and using resources wisely by balancing economic, social, and environmental concerns, with the goal of securing the interests of present and future generations.
Single loss expectancy (SLE)
Expected monetary loss every time a risk occurs, calculated by multiplying asset value by exposure factor.
Sexual orientation
Sexual, romantic, or emotional/spiritual attraction that one feels for persons of the opposite sex or gender, the same sex or gender, or both sexes and more than one gender.
Sarbanes-Oxley Act (SOX)
U.S. act that requires that all publicly held companies establish internal controls and procedures for financial reporting to reduce the possibility of corporate fraud.
Risk tolerance
A characterization of the amount of uncertainty (acceptable risk) an organization is willing to pursue or to accept to attain its risk management goals, defined in a range above and below a target.
Risk cscorecard
Tool used to gather individual assessments of various characteristics of risk (for example, frequency of occurrence, degree of impact, loss, or gain for the organization, degree of efficacy of current controls).
Risk management
System for identifying, evaluating, and controlling actual and potential risks to an organization.
Risk control
Action taken to manage a risk.
Risk appetite
A high-level characterization of the amount of uncertainty (acceptable risk) an organization is willing to pursue or to accept to attain its risk management goals.
Risk
Uncertainty that has an effect on an objective, where outcomes may include opportunities, losses, and threats.
Residual risk
Amount of uncertainty that remains after all risk management efforts have been exhausted.
Redeployment
Process by which an organization moves an employee out of an international assignment, can involve moving back to the home country, moving to a different global location, or moving to a new location or position in the current host country.
Reasonable accommodation
Modifying a job application process, a work environment, or the circumstances under which a job is performed to enable a qualified individual with a disability to be considered for the job and perform its essential functions.
Prudent Person rule
States that a fiduciary of a plan covered by the U.S. Employee Retirement Income Security Act has legal and financial obligations not to take more risks when investing employee benefit program funds than a reasonably knowledgeable, prudent investor would under similar circumstances.
Protected class
People who are covered under a particular federal or state antidiscrimination law.
Process alignment
Extent to which underlying operations such as IT, finance, or HR integrate across locations.
Pregnancy Discrimination Act
U.S. act that prohibits discrimination on the basis of pregnancy, childbirth, or related medical conditions.
Portal to Portal Act
U.S. act that defines what is included as hours worked and is therefore compensable and a factor in calculating overtime.
Phillips v. Martin Marietta Corporation
1971 U.S. case that stated that an employer may not, in the absence of business necessity, refuse to hire women with preschool-aged children while hiring men with such children.
Patient Protection and Affordable Care Act (PPACA)
2010 U.S. law that requires virtually all citizens and legal residents to have minimum health coverage and requires employers with more than 50 full-time employees to provide health coverage that meets minimum benefit specifications or pay a penalty.
Overtime Pay
Required for nonexempt workers under U.S. Fair Labor Standards Act at 1.5 times the regular rate of pay for hours over 40 in a workweek.