Bus 100 Ch 9

  1. A payment that is a percentage of sales revenue
  2. A concept that seeks equal compensation for jobs requiring about the same level of education, training, and skills
    Comparable worth
  3. The payment employees receive in return for their labor
  4. The policies and strategies that determine employee compensation
    Compensation system
  5. Differences among people in a workforce owing to race, ethnicity, and gender
    Cultural (workplace) diversity
  6. A reward in addition to regular compensation that is provided indirectly to employees
    Employee benefit
  7. The process of teaching operations and technical employees how to do their present jobs more effectively and efficiently
    Employee training
  8. The attempt to attract job applicants from outside an organization
    External recruiting
  9. Compensation plan whereby an employee receives a predetermined amount of benefit dollars to spend on a package of benefits he or she has selected to meet individual needs
    Flexible benefit plan
  10. A specific amount of money paid for each hour of work
    Hourly wage
  11. All the activities involved in acquiring, maintaining, and developing an organization’s human resources
    Human resources management (HRM)
  12. The development of strategies to meet a firm’s future human resources needs
    Human resources planning
  13. A payment in addition to wages, salary, or commissions
    Incentive payment
  14. Considering present employees as applicants for available positions
    Internal recruiting
  15. A systematic procedure for studying jobs to determine their various elements and requirements
    Job analysis
  16. A list of the elements that make up a particular job
    Job description
  17. The process of determining the relative worth of the various jobs within a firm
    Job evaluation
  18. A list of the qualifications required to perform a particular job
    Job specification
  19. An entire pay raise taken in one lump sum
    Lump-sum salary increase
  20. The process of preparing managers and other professionals to assume increased responsibility in both present and future positions
    Management development
  21. The process of acquainting new employees with an organization
  22. The evaluation of employees’ current and potential levels of performance to allow managers to make objective human resources decisions
    Performance appraisal
  23. The distribution of a percentage of a firm’s profit among its employees
    Profit sharing
  24. The process of attracting qualified job applicants
  25. A list of key personnel and their possible replacements within a firm
    Replacement chart
  26. A specific amount of money paid for an employee’s work during a set calendar period, regardless of the actual number of hours worked
  27. The process of gathering information about applicants for a position and then using that information to choose the most appropriate applicant
  28. A computerized data bank containing information on the skills and experience of all present employees
    Skills inventory
  29. A collection of data on prevailing wage rates within an industry or a geographic area
    Wage survey
Card Set
Bus 100 Ch 9
Bus 100 Ch.9 Study Cards