All the
activities involved in acquiring, maintaining, and developing an
organization's human resources.
The
development of strategies to meet a firm's human resources
needs.
A list of key
personnel and their possible replacements within the firm.
A computerized
data bank containing information on the skills and experience of
all present employees.
The
differences among people in a work force due to race, ethnicity,
and gender.
A systematic
procedure for studying jobs to determine their various elements
and requirements.
A list of the
elements that make up a particular job.
A list of the
qualifications required to perform a particular job.
The process of
attracting qualified job applicants.
The attempt to
attract job applicants from outside the organization.
Considering
present employees as applicants for available positions.
The process of
gathering information about applicants for a position and then
using that information to choose the most appropriate applicant.
The process of
acquainting new employees with an organization.
The payment
that employees receive in return for their labor.
The policies
and strategies that determine employee compensation.
A collection
of data on prevailing wage rates within an industry or a
geographic area.
The process of
determining the relative worth of the various jobs within a
firm.
A concept that
seeks equal compensation for jobs requiring about the same level
of education, training, and skills.
A specific
amount of money paid for each hour of work.
A specific
amount of, money paid for an employee's work during a set
calendar period, regardless of the actual number of hours
worked.
A payment that
is some percentage of sales revenue.
A payment in
addition to wages, salary, or commissions, usually an extra
reward for outstanding performance.
The
distribution of a percentage of the firm's profit among its
employees.
A reward that
is provided indirectly to employees&-mainly a service (such
as insurance) paid for by the employer or an employee expense
(such as college tuition) reimbursed by the employer.
The process of
teaching operations and technical employees how to do their
present jobs more effectively and efficiently.
The process of
preparing managers and other professionals to assume increased
responsibility in both present and future positions.
The evaluation
of employees' current and potential levels of performance to
allow superiors to make objective human resource decisions.
