principles of business 8e key terms chapter 8

Flashcard maker : Lily Taylor
benefits
compensation in forms other than direct payment.
compensation
the amount of money paid to an employee for work performed , including salary and wages.
diversity
the comprehensive inclusion of people with differences in personal characteristics and attributes.
downsizing
a planned reduction in the number of employees needed in a firm in order to reduce costs and make the business more efficient.
glass ceiling
an artificial limit placed on minority groups moving into positions of authority and decision making.
incentive systems
compensation systems connected to the quality or quantity of an employees performance.
job analysis
specific study of a job to identify in detail the job duties and skill requirements.
labor union
an organized group of employees who negotiate with employers about issues, such as wages, and working conditions.
0rganizational culture
the environment in which people work, made up of the atmosphere , behaviors, beliefs, and relationships.
outsourcing
removing work from one company and sending it to another company that can complete it at a lower cost.
promotion
any form of communication used to inform, persuade, or remind;communication information about products and services to potential customers; the advancement of an employee to a position with greater responsibility.
salary and wages
direct payment of money to an employee for work completed.
termination
the end of an employment relationship between a company and an employee.
transfer
the assignment of an employm
work environment
the physical conditions and the psychological atmosphere in which employees work.
workforce
all of the people 16 years or older who are employed or who are looking for a job.

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