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Set of organizational activities directed at attracting, developing and maintaining an effective workforce
What is human resources management (HRM)?
List of each management position, who occupies it, how long that person will likely stay in the job, and who is qualified as a replacement
What is a replacement chart?
What is job analysis?
What is a job description?
Description of the skills, abilities and other credentials and qualifications required by a job
What is a job specification?
What is recruiting?
The total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed
What is compensation?
A payment given to employees based on the sales they make
What is commission?
A survey of employers in the same industry and/or the same area that shows the wages and salaries paid to their employees for benchmark jobs
What is a performance appraisal?
Total package of rewards that organizations provide to individuals in exchange for their labor
What is a compensation system?
A fixed regular payment, typically paid on a monthly or biweekly basis but often expressed as an annual sum, made by an employer to an employee
What is salary?
A benefit program that offers employees a choice between various benefits including cash, life insurance, health insurance, vacations, retirement plans, and child care.
What is profit-sharing?
The process of comparing a job against other jobs within the organization to determine the appropriate pay rate
What is job evaluation?
The process of filling vacancies within a business from its existing workforce
The process of searching outside of the current employee pool to fill open positions in an organization.
What is external recruiting?
The process of forecasting the future human resource requirements of the organization.
What is human resources planning?
Similarities and differences among employees in terms of age, cultural background, physical abilities and disabilities, race, religion, gender, and sexual orientation.
What is cultural (or workplace) diversity?
The process of introducing new hires to their jobs, co-workers, responsibilities, and workplace
What is orientation?
Data bank containing information on the skills and experience of all current employees
What is a skills inventory?
What is employee training?
What is management development?
A specific amount of money paid for each hour worked
What is an hourly wage?
Any kind of tangible or intangible compensation given to employees apart from base wages or base salaries.