Raw average of data that gives equal weight to all values, with no regard for other factors.
What is Unweighted mean
Way to collect, organize, store, analyze, and share data.
What is an Information system (IS)
Primary job duties that a qualified individual must be able to perform, either with or without accommodation.
What are Essential functions
U.S act that amended Title VII and gave the Equal Employment Opportunity Commission authority to “back up” its administrative findings and conduct its own enforcement litigation.
What is the Equal Employment Opportunity Act
Average of data that adds factors to reflect the importance of different values.
What is Weighted mean
Extent to which a measurement instrument measures what it is intended to measure.
What is Validity
Ownership of innovation by an individual or business enterprise; includes patented, trademarked, or copyrighted property.
What is Intellectual property (IP)
Situation in which an organization’s compensation levels and benefits are similar to those of other organizations that are in the same labor market and compete for the same employees.
What is External equity
U.S. act that prohibits wage discrimination by requiring equal pay for equal or “substantially equal” work performed by men and women.
What is Equal Pay Act (EPA)
Ratio of gross profit to net sales.
What is Gross profit margin
The benefit created when an organization meets its strategic goals; measure of usefulness, worth, or importance.
What is Value
Situation in which an organization shares responsibility and liability for their alternative workers with an alternative staffing supplier; also known as co-employment.
What is Joint employment
Provides each incumbent of a job with the same rate of pay, regardless of performance or seniority; also known as single-rate pay.
What is Flat-rate pay
Primary job duties that a qualified individual must be able to perform, either with or without accommodation.
What are Essential functions
Visualization of the impact of change on productivity. When change is introduced, there is typically a decrease in productivity and then a gradual return to—or, ideally, a surpassing of—previous levels of productivity.
What is the J curve
The process by which an organization creates the product or service it offers to the customer.
What is the Value chain
Use of information from past and present to predict future conditions.
What is Judgmental forecasts
Pay increase given to employees based on local competitive market requirements; awarded regardless of employee performance.
What is General pay increase
Set of behavioral guidelines that an organization expects all of its directors, managers, and employees to follow to ensure appropriate moral and ethical business standards.
What are Ethics
Right of a legal body to exert authority over a given geographical territory, subject matter, or persons or institutions.
What is Jurisdiction
Statistical method for identifying the degree of difference between planned and actual performance or outcomes.
What is Variance analysis
Process of creating, acquiring, sharing, and managing knowledge to augment individual and organizational performance.
What is Knowledge management (KM)
Situations in which an employee’s pay is below the minimum of the range.
What are Green-circle rates
Employees who are excluded from U.S. Fair Labor Standards Act minimum wage and overtime pay requirements.
What are Exempt employees
Organization’s debts and other financial obligations.
What are Liabilities