Card Set Information
What is human resources management (HRM)?
is all the activities involved in acquiring, maintaining, and developing an organization's human resources.
What is resources planning?
is the development of strategies to meet a firm's future human resources needs.
What is replacement chart?
is a list of key personnel and their possible replacements within a firm.
What is skills inventory?
is a computerized data bank containing information on the skills and experience of all present employees.
What is cultural (workplace) diversity?
is the differences among people in a workforce owing to race, ethnicity, and gender.
What is job analysis?
is a systematic procedure for studying jobs to determine their various elements and requirements.
What is a job description?
is a list of the elements that make up a particular hob.
What is a job specification?
is a list of the qualifications required to perform a particular job.
What is recruiting?
is the process of attracting qualified job applicants.
What is external recruiting?
is the attempt to attract job applicants from outside an organization.
What is internal recruiting?
is considering present employees as applicants for available positions.
What is selection?
is the process of gathering information about applicants for a position and then using that information to choose the most appropriate applicant.
What is orientation?
is the process of acquainting new employees with an organization.
What is a compensation?
is the payment employees receive in return for their labor.
What is compensation system?
is the policies and strategies that determine employee compensation.
What is wage survey?
is a collection of data on prevailing wage rates within an industry or a geographic area.
What is a job evaluation?
is the process of determining the relative worth of the various hobs within a firm.
What is comparable worth?
is a concept that seeks equal compensation for hobs requiring about the same level of education, training, and skills.
What is hourly wage?
is a specific amount of money paid for each hour of work.
What is a salary?
is a specific amount of money paid for an employee's work during a set calendar period, regardless of the actual number of hours worked.
What is a commission?
is a payment that is percentage of sales revenue.
What is an incentive payment?
is a payment in addition to wages, salary, or commissions.
What is lump-sum salary increase?
is an entire pay raise taken in one lump sum.
What is profit-sharing?
is the distribution of a percentage of a firm's profit among its employees.
What is employee benefit?
is a reward in addition to regular compensation that is provided indirectly to employees.
What is a flexible benefit plan?
is a compensation plan whereby an employee receives a predetermined amount of benefits dollars to spend on a package of benefits he or she has selected to meet individual needs.
What is employee training?
is the process of teaching operations and technical employees how to do their present jobs more effectively and efficiently.
What is management development?
is a the process of preparing managers and other professionals to assume increased responsibility in both present and future positions.
What is performance approval?
is the evaluation of employee's current and potential levels of performance to allow managers to make objective human resources decisions.