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