Chapter 9 Business Management – Flashcards

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Human resource management
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Consists of the activities managers perform to plan for, attract, develop, and retain an effective workforce.
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Human capital
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the economic or productive potential of employee knowledge, experience, and actions.
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knowledge worker
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someone whose occupation is principally concerned with generating or interpreting information, as opposed to manual labor.
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social capital
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the economic or productive potential of strong, trusting and cooperative relationships.
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strategic human resource planning
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Consists of developing a systematic, comprehensive strategy for understanding current employee needs and predicting future employee needs
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job analysis
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determining the basic elements of a job by observation and analysis
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job description
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A summary of the main duties and responsibilities of a job
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job specification
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describes the minimum qualifications a person must have to perform a job successfully
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human resource inventory
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A report listing your organization's employees by name, education, training, languages, and other important information
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National Labor Relations Board
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A 1935 law, also known as the Wagner Act, that guarantees workers the right of collective bargaining sets down rules to protect unions and organizers, and created the National Labor Relations Board to regulate labor-managment relations.
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Fair Labor Standards Act
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this (1935) act gave workers the right to join labor unions. A minimum wage was established, and the maximum hours that one could work.
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Equal Employment Opportunity Commission
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enforces anti-discrimination and other employment related laws.
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Workplace discrimination
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Occurs when people are hired or promoted- or denied hiring or promotion for reasons not relevant to the job, such as skin color or eye shape, gender, religion, national origin etc.
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Adverse impact
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occurs when an organization uses an employment practice or procedure that results in unfavorable outcomes to a protected class
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Disparate treatment
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Occurs when protected classes are intentionally treated differently from other employees (intentional)
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Affirmative action
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Focuses on achieving equality of opportunity within an organization.
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Sexual Harassment
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comments, gestures, or physical contacts of a sexual nature that are deliberate, repeated, and unwelcome that create an adverse work environment.
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Recruiting
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the process of locating and attracting qualified applicants for jobs open in the organization
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Internal recruiting
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the process of developing a pool of qualified job applicants from people who already work in the company
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job posting
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Placing information about job vacancies and qualifications on bulletin boards, in newsletters, and on the organization's intranet
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External recruiting
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attracting job applicants from outside the organization
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realistic job preview
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gives a candidate a picture of both positive and negative features of the job and the organization before he or she is hired
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selection process
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Managers find out whether each applicant is qualified for the position and likely to be a good performer
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unstructured interview
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The interviewer does not have a set of prepared questions and the interviewee does most of the talking
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structured interview
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Type of interview in which interviewer asks every applicant the same questions; also called a repetitive interview.
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situational interview
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Type of interview in which interviewer asks hypothetical questions.
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behavioral-description interview
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Type of structured interview in which the interviewer explores what applicants have done in the past
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employment tests
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legally considered to consist of any procedure used in the employment selection decision process
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assessment center
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used to select individuals with high managerial potential based on their performance on a series of simulated managerial tasks
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Reliability
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the degree in which a test measures the same thing consistently.
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Validity
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the test measures what it purports to measure and is free if bias.
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orientation
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helping the newcomer fit smoothly into the job and the organization.
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training
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upgrading the skills of technical and operational employees
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development
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upgrading skills of professionals and managers
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computer assisted instruction
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A generic term that encompasses many types of computer based instructional options ranging from simple drill problems to elaborate simulations that interact with the learner.
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performance appraisal
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An evaluation that measures employee performance against established standards in order to make decisions about promotions, compensation, training, or termination.
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performance management
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the continuous cycle of improving job performance through goal setting, feedback and coaching, and rewards and positive reinforcement
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objective appraisals
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Called result appraisals, are based on facts and are often numerical
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subjective appraisals
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based on manager's perceptions of an employee's (1) traits or (2) behaviors
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behaviorally anchored rating scale(BARS)
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rates employee gradations in performance according to scales of specific behaviors
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360-degree assessment
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In which employees are appraised not only by their managerial superiors but also by peers subordinated, and sometimes clients
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forced ranking performance review systems
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all employees within a business unit are ranked against one another and grades are distributed along some sort of bell curve
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Formal appraisals
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conducted at specific times throughout the year and are based on performance measures that have been established in advance
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Informal appraisals
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conducted on an unscheduled basis and consist of less rigorous indications of employee performance
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Compensation
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has three parts: wages and salaries, incentives, and benefits.
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Base pay
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consists of the basic wage or salary paid employees in exchange for doing their jobs
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Benefits
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additional non-monetary forms of compensation.
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Labor unions
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organizations of employees formed to protect and advance their members interests by bargaining with management over job-related issues.
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union security clause
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the part of the labor-management agreement that states that employees who receive union benefits must join the union, or at least pay dues to it
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right-to-work laws
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State laws that provide that unions cannot impose a requirement that workers join the union as a condition of their employment.
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two-tier wage contracts
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New employees are paid less or receive lesser benefits than veteran employees have
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cost of living adjustment (COLA) clause
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the period of the contract ties future wage increases to increases in the cost of living
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givebacks
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the union agrees to give up previous wage or benefit gains in return for something else
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grievance
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a complaint by an employee that management has violated in terms of the labor-management agreement.
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Mediation
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A method of settling disputes outside of court by using the services of a neutral third party, The person acts as a communicating agent between the parties and suggests ways in which the parties can agree on a solution.
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Arbitation
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the process in which a neutral third party, listens to both parties in a dispute and makes a decision that the parties have agreed will be binding on them.
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