Types of Organizations
A business that is owned and run by just one single person.
Sole trader
The department responsible for hiring new workers, training them, and dealing with employee benefits.
Human Resources
The person with the highest rank in a company, who makes the most important business decisions.
CEO
The physical building or main office where the top leaders of a company work.
Headquarters
Working from home or anywhere outside the traditional office using the internet.
Remote work
An organization whose main goal is to help people or support a cause, not to make money.
Non-profit organization
This department advertises the company's products and focuses on research to attract customers.
Marketing department
A person who is in charge of a small team or project and reports directly to a higher director.
Manager
A formal meeting where a company presents its new products or financial results, often using slides.
Presentation
A system where employees work some days in the office and some days from home.
Hybrid work
A huge company that operates in many different countries around the world, not just its home country.
Multinational corporation
The department that manages the company's money, processes salaries, and prepares budgets.
Finance department
A person who works together with you in the same department or company; a work partner.
Colleague
The money that an employee receives regularly every month for doing their job.
Salary
A work schedule that allows employees to choose their own starting and finishing times, as long as they complete their hours.
Flextime
A business owned by two or more people who share the profits and responsibilities.
Partnership
This team fixes computer issues, manages software, and maintains the company's network security.
IT department
A person who owns shares (stocks) of a public company and has a financial interest in its success.
Shareholder
An official plan that shows how much money a company has and how it intends to spend it over a specific period.
Budget
Working extra hours beyond your official, contracted working time.
Overtime
A legal business structure where the owners' personal wealth is protected if the company goes bankrupt.
Limited liability company
The department that focuses on creating new products or improving existing ones through scientific testing.
Research and Development
The top group of people who are chosen by shareholders to direct and oversee the company’s high-level strategy.
Board of Directors
A strict date or time by which a specific task or project must be finished.
Deadline
An office setup where employees do not have assigned desks, but choose any available seat each day.
Hot-desking