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Nelson Education > Higher Education > Managing Human Resources, Fifth Canadian Edition > Student Resources > Glossary

Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

 

A

Achievement tests
Measures of what a person knows or can do right now

Alarm reaction
Response to stress that basically involves an elevated heart rate increased respiration elevated levels of adrenaline in the blood and increased blood pressure

Alternative dispute resolution (ADR)
Term applied to different types of employee complaint or dispute resolution procedures

Apprenticeship training
System of training in which a worker entering the skilled trades is given thorough instruction and experience both on and off the job in the practical and theoretical aspects of the work

Aptitude tests
Measures of a person's capacity to learn or acquire skills

Arbitration award
Final and binding award issued by an arbitrator in a labour'management dispute

Arbitrator
Third-party neutral who resolves labour dispute by issuing a final decision in the disagreement

Assessment centre
Process by which individuals are evaluated as they participate in a series of situations that resemble what they might be called upon to handle on the job

Attrition
A natural departure of employees from organizations through quits retirements and deaths

Augmented skills
Skills helpful in facilitating the efforts of expatriate managers

Authorization card
A statement signed by an employee authorizing a union to act as his or her representative for the purposes of collective bargaining


B

Balance-sheet approach
Compensation system designed to match the purchasing power in a person's home country

Balanced Scorecard (BSC)
A measurement framework that helps managers translate strategic goals into operational objectives

Bargaining power
The power of labour and management to achieve their goals though economic social or political influence

Bargaining unit
Group of two or more employees who share common employment interests and conditions and may reasonably be grouped together for purposes of collective bargaining

Bargaining zone
Area within which the union and the employer are willing to concede when bargaining

Behaviour modelling
Approach that demonstrates desired behaviour and gives trainees the chance to practise and role-play those behaviours and receive feedback

Behaviour modification
Technique that operates on the principle that behaviour that is rewarded or positively reinforced will be exhibited more frequently in the future whereas behaviour that is penalized or unrewarded will decrease in frequency

Behaviour observation scale (BOS)
A behavioural approach to performance appraisal that measures the frequency of observed behaviour

Behavioural description interview (BDI)
An interview in which an applicant is asked questions about what he or she actually did in a given situation

Behaviourally anchored rating scale (BARS)
A behavioural approach to performance appraisal that consists of a series of vertical scales one for each important dimension of job performance

Benchmarking
Process of comparing the organization's processes and practices with those of other companies

Bona fide occupational qualification (BFOQ)
A justifiable reason for discrimination based on business reasons of safety or effectiveness

Bonus
Incentive payment that is supplemental to the base wage

Burnout
Most severe stage of distress manifesting itself in depression frustration and loss of productivity

Business agent
Normally a paid labour official responsible for negotiating and administering the collective agreement and working to resolve union members' problems


C

Career counselling
Process of discussing with employees their current job activities and performance their personal and career interests and goals their personal skills and suitable career development objectives

Career networking
Process of establishing mutually beneficial relationships with other business people including potential clients and customers

Career paths
Lines of advancement in an occupational field within an organization

Career plateau
Situation in which for either organizational or personal reasons the probability of moving up the career ladder is low

Codetermination
Representation of labour on the board of directors of a company

Collective bargaining process
Process of negotiating a collective agreement including the use of economic pressures by both parties

Combined salary and commission plan
Compensation plan that includes a straight salary and a commission

Compensatory model
Selection decision model in which a high score in one area can make up for a low score in another area

Competence-based pay
Pay based on an employee's skill level the variety of skills possessed or increased job knowledge

Competency assessment
Analysis of the sets of skills and knowledge needed for decision-oriented and knowledge-intensive jobs

Compulsory binding arbitration
Binding method of resolving collective bargaining deadlocks by a neutral third party

Concentration
Term applied to designated groups whose numbers in a particular occupation or level are high relative to their numbers in the labour market

Concurrent validity
The extent to which test scores (or other predictor information) match criterion data obtained at about the same time from current employees

Construct validity
Extent to which a selection tool measures a theoretical construct or trait

Constructive dismissal
Changing an employee's working emotions such that compensation status or prestige is reduced

Consumer price index (CPI)
Measure of the average change in prices over time in a fixed 'market basket' of goods and services

Content validity
Extent to which a selection instrument such as a test adequately samples the knowledge and skills needed to perform a particular job

Contractual rights
Rights that derive from contracts

Contrast error
Performance rating error in which an employee's evaluation is biased either upward or downward because of comparison with another employer just recently evaluated

Contributory plan
A pension plan in which contributions are made jointly by employees and employers

Cooperative training
Training program that combines practical on-the-job experience with formal educational classes

Core competencies
Integrated knowledge sets within an organization that distinguish it from its competitors and deliver value to customers

Core skills
Skills considered critical to an employee's success abroad

Core values
Strong and enduring beliefs and principles that the company uses as a foundation for its decisions

Corporate social responsibility
"Responsibility of the firm to act in the best interests of the people and communities affected by its activities "

Craft unions
Unions that represent skilled craft workers

Criterion-related validity
Extent to which a selection tool predicts or significantly correlates with important elements of work behaviour

Critical incident method
Job analysis method by which important job tasks are identified for job success

Critical incident
An unusual event that denotes superior or inferior employee performance in some part of the job

Cross-training
Process of training employees to do multiple jobs within an organization

Cross-validation
Verifying the results obtained from a validation study by administering a test or test battery to a different sample (drawn from the same population)

Cultural audits
Audits of the culture and quality of work life in an organization

Cultural environment
Communications religion values and ideologies education and social structure of a country

Culture shock
Perpetual stress experienced by people who settle overseas

Cumulative trauma disorders
Injuries involving tendons of the fingers hands and arms that become inflamed from repeated stresses and strains

Customer appraisal
Performance appraisal which like team appraisal is based on TQM concepts and seeks evaluation from both internal and external customers


D

Defined benefit plan
A pension plan in which the amount an employee is to receive on retirement is specifically set forth

Defined contribution plan
A pension plan that establishes the basis on which an employer will contribute to the pension fund

Depression
Negative emotional state marked by feelings of low spirits gloominess sadness and loss of pleasure in ordinary activities

Designated groups
Women visible minorities aboriginal peoples and persons with disabilities who have been disadvantaged in employment

Differential piece rate
Compensation rate under which employees whose production exceeds the standard amount of output receive a higher rate for all of their work than the rate paid to those who do not exceed the standard amount

Discipline
(1) Treatment that punishes; (2) orderly behaviour in an organizational setting; or (3) training that moulds and strengthens desirable conduct'or corrects undesirable conduct'and develops self-control

Distress
Harmful stress characterized by a loss of feelings of security and adequacy

Diversity management
The optimization of an organization's multicultural workforce in order to reach business objectives

Downsizing
The planned elimination of jobs

Dual-career partnerships
Couples in which both members follow their own careers and actively support each other's career development

Due process
Employee's right to present his or her position during a disciplinary action


E

E-learning
Learning that takes place via electronic media

Elder care
Care provided to an elderly relative by an employee who remains actively at work

Employee assistance programs (EAPs)
Services provided by employers to help workers cope with a wide variety of problems that interfere with the way they perform their jobs

Employee associations
Labour organizations that represent various groups of professional and white-collar employees in labour'management relations

Employee empowerment
Granting employees power to initiate change thereby encouraging them to take charge of what they do

Employee involvement groups (EIs)
Groups of employees who meet to resolve problems or offer suggestions for organizational improvement

Employee leasing
Process of dismissing employees who are then hired by a leasing company (which handles all HR-related activities) and contracting with that company to lease back the employees

Employee rights
Guarantees of fair treatment from employers especially regarding an employee's right to privacy

Employee stock ownership plans (ESOPs)
Stock plans in which an organization contributes shares of its stock to an established trust for the purpose of stock purchases by its employees

Employee teams
An employee contributions technique whereby work functions are structured for groups rather than for individuals and team members are given discretion in matters traditionally considered management prerogatives such as process improvements product or service development and individual work assignments

Employment equity
The employment of individuals in a fair and nonbiased manner

Entrepreneur
One who starts organizes manages and assumes responsibility for a business or other enterprise

Environmental scanning
Systematic monitoring of the major external forces influencing the organization

Equal pay for work of equal value
The concept that male and female jobs that are dissimilar but equal in value or worth to the employer should be paid the same

Ergonomics
An interdisciplinary approach to designing equipment and systems that can be easily and efficiently used by human beings

Error of central tendency
Performance rating error in which all employees are rated about average

Escalator clauses
Clauses in collective agreements that provide for quarterly cost-of-living adjustments in wages basing the adjustments on changes in the consumer price index

Essay method
A trait approach to performance appraisal that requires the rater to compose a statement describing employee behaviour

Ethics
Set of standards of conduct and moral judgments that help determine right and wrong behaviour

Eustress
Positive stress that accompanies achievement and exhilaration

Expatriates
or home-country nationals Employees from the home country who are on international assignment

External fit
The situation in which the work system supports the organization's goals and strategies


F

Failure rate
Percentage of expatriates who do not perform satisfactorily

Fast-track program
Program that encourages young managers with high potential to remain with an organization by enabling them to advance more rapidly than those with less potential

Final offer arbitration
Method of resolving collective bargaining deadlocks whereby the arbitrator has no power to compromise but must select one or another of the final offers submitted by the two parties

Flexible benefits plans (cafeteria plans)
Benefits plans that enable individual employees to choose the benefits that are best suited to their particular needs

Flextime
Flexible working hours that permit employees the option of choosing daily starting and quitting times provided that they work a set number of hours per day or week

Flow data
Data that provide a profile of the employment decisions affecting designated groups

Forced-choice method
A trait approach to performance appraisal that requires the rater to choose from statements designed to distinguish between successful and unsuccessful performance

Functional job analysis (FJA)
Quantitative approach to job analysis that utilizes a compiled inventory of the various functions or work activities that can make up any job and that assumes that each job involves three broad worker functions: (1) data (2) people and (3) things


G

Gainsharing plans
Programs under which both employees and the organization share financial gains according to a predetermined formula that reflects improved productivity and profitability

Global corporation
Firm that has integrated worldwide operations through a centralized home office

Global manager
Manager equipped to run an international business

Globalization
Trend toward opening up foreign markets to international trade and investment

Graphic-rating scale method
A trait approach to performance appraisal whereby each employee is rated according to a scale of characteristics

Grievance procedure
Formal procedure that provides for the union to represent members and nonmembers in processing a grievance

Guest workers
Foreign workers invited to perform needed labour


H

Hay profile method
Job evaluation technique using three factors'knowledge mental activity and accountability'to evaluate executive and managerial positions

High-performance work system (HPWS)
A specific combination of HR practices work structures and processes that maximizes employee knowledge skill commitment and flexibility

Hiring freeze
A practice whereby new workers are not hired as planned or workers who have left the organization are not replaced

Home-based pay
Par based on an expatriate's home country's compensation practices

Host country
Country in which an international corporation operates

Host-based pay
Expatriate pay comparable to that earned by employees in a host country

Host-country nationals
Employees who are natives of the host country

Hot-stove rule
Rule of discipline that can be compared with a hot stove in that it gives warning is effective immediately is enforced consistently and applies to all employees in an impersonal and unbiased way

Hourly work
Work paid on an hourly basis

Human capital
The knowledge skills and capabilities of individuals that have economic value to an organization

Human resources information system (HRIS)
Computerized system that provides current and accurate data for purposes of control and decision making

Human resources management (HRM)
Process of managing human talent to achieve an organization's objective.

Human resources planning (HRP)
Process of anticipating and making provision for the movement of people into within and out of an organization.


I

Improshare
Gainsharing program under which bonuses are based on the overall productivity of the work team

Industrial disease
A disease resulting from exposure to a substance relating to a particular process trade or occupation in industry

Industrial engineering
A field of study concerned with analyzing work methods and establishing time standards

Industrial unions
Unions that represent all workers'skilled semiskilled unskilled'employed along industry lines

Instructional objectives
Desired outcomes of a training program

Interest-based bargaining (IBB)
Problem-solving bargaining based on a win'win philosophy and the development of a positive long-term relationship

Internal fit
The situation in which all the internal elements of the work system complement and reinforce one another

International corporation
Domestic firm that uses its existing capabilities to move into overseas markets

Internship programs
Programs jointly sponsored by colleges universities and other organizations that offer students the opportunity to gain real-life experience while allowing them to find out how they will perform in work organizations


J

Job analysis
Process of obtaining information about jobs by determining the duties tasks or activities those jobs

Job characteristics model
Job design theory that purports that three psychological states (experiencing meaningfulness of the work performed responsibility for work outcomes and knowledge of the results of the work performed) of a jobholder result in improved work performance internal motivation and lower absenteeism and turnover

Job classification system
System of job evaluation in which jobs are classified and grouped according to a series of predetermined wage grades

Job description
Statement of the tasks duties and responsibilities of a job to be performed

Job design
Outgrowth of job analysis that improves jobs through technological and human considerations in order to enhance organization efficiency and employee job satisfaction

Job enrichment
Enhancing a job by adding more meaningful tasks and duties to make the work more rewarding or satisfying

Job evaluation
Systematic process of determining the relative worth of jobs in order to establish which jobs should be paid more than others within an organization

Job family
A group of individual jobs with similar characteristics

Job posting and bidding
Posting vacancy notices and maintaining lists of employees for upgraded positions

Job progressions
Hierarchy of jobs a new employee might experience ranging from a starting job to jobs that successively require more knowledge and/or skill

Job ranking system
Simplest and oldest system of job evaluation by which jobs are arrayed on the basis of their relative worth

Job specification
Statement of the knowledge skills and abilities required of the person who is to perform the job

Job
A group of related activities and duties


K

Knowledge workers
Workers whose responsibilities extend beyond the physical execution of work to include planning decision making and problem solving


L

Labour relations process
Logical sequence of four events: (1) workers desire collective representation (2) union begins its organizing campaign (3) collective negotiations lead to a contract and (4) the contract is administered

Leniency or strictness error
Performance rating error in which the appraiser tends to give employees either unusually high or unusually low ratings

Localization
Adapting pay and other compensation benefits to match that of a particular country

Lump-sum merit program
Program under which employees receive a year-end merit payment which is not added to their base pay


M

Management by objectives (MBO)
Philosophy of management that rates performance on the basis of employee achievement of goals set by mutual agreement of employee and manager

Management forecasts
The opinions (judgments) of supervisors department managers experts and others knowledgeable about the organization's future employment needs

Management rights
Decisions regarding organizational operations over which management claims exclusive rights

Manager and/or supervisor appraisal
Performance appraisal done by an employee's manager and often reviewed by a manager one level higher

Managing diversity
Being aware of characteristics common to employees while also managing employees as individuals

Markov analysis
Method for tracking the pattern of employee movements through various jobs

Material Safety Data Sheets (MSDSs)
Documents that contain vital information about hazardous substances

Mediation
The use of an impartial neutral to reach a compromise decision in employment disputes

Mediator
A third party in an employment dispute who meets with one party and then the other in order to suggest compromise solutions or to recommend concessions from each side that will lead to an agreement

Mentors
Executives who coach advise and encourage individuals of lesser rank

Merit guidelines
Guidelines for awarding merit raises that are tied to performance objectives

Mission
Basic purpose of the organization as well as its scope of operations

Mixed-standard scale method
A trait approach to performance appraisal similar to other scale methods but based on comparison with (better than equal to or worse than) a standard

Multinational corporation (MNC)
Firm with independent business units operating in several countries

Multiple cutoff model
A selection decision model that requires an applicant to achieve some minimum level of proficiency on all selection dimensions

Multiple hurdle model
Sequential strategy in which only the applicants with the highest scores at an initial test stage go on to subsequent stages


N

Negligence
Failure to provide reasonable care where such failure results in injury to consumers or other employees

Nepotism
A preference for hiring relatives of current employees

Noncontributory plan
A pension plan in which contributions are made solely by the employer

Nondirective interview
An interview in which the applicant is allowed the maximum amount of freedom in determining the course of the discussion while the interviewer carefully refrains from influencing the applicant's remarks


O

Occupational illness
Any abnormal condition or disorder other than one resulting from an occupational injury caused by exposure to environmental factors associated with employment

Occupational injury
Any cut fracture sprain or amputation resulting from a workplace accident or from an exposure involving an accident in the work environment

Offshoring
Business practice of sending jobs to other countries

Ombudsperson
Designated individual from whom employees may seek counsel for the resolution of their complaints

On-the-job training (OJT)
Method by which employees are given hands-on experience with instructions from their supervisor or other trainer

Open-door policy
Policy of settling grievances that identifies various levels of management above the immediate supervisor for employee contact

Organization analysis
Examination of the environment strategies and resources of the organization to determine where training emphasis should be placed

Organizational capability
The capacity to act and change in pursuit of sustainable competitive advantage

Orientation
Formal process of familiarizing a new employee with the organization the new job and the work unit

Outplacement services
Services provided by organizations to help terminated employees find a new job

Outsourcing
Contracting outside the organization to have work done that formerly was done by internal employees


P

Panel interview
An interview in which a board of interviewers questions and observes a single candidate

Pay equity
An employee's perception that compensation received is equal to the value of the work performed

Pay grades
Groups of jobs within a particular class that are paid the same rate

Pay-for-performance standard
Standard by which managers tie compensation to employee effort and performance

Peer appraisal
Performance appraisal done by one's fellow employees generally on forms that are compiled into a single profile for use in the performance interview conducted by the employee's manager

Peer-review system
System for reviewing employee complaints that utilizes a group composed of equal numbers of employee representatives and management appointees which functions as a jury because its members weigh evidence considers arguments and after deliberation vote independently to render a final decision

Performance appraisal
A process typically performed annually by a supervisor for a subordinate designed to help employees understand their roles objectives expectations and performance success

Performance management
The process of creating a work environment in which people can perform to the best of their abilities

Perquisites
Special nonmonetary benefits given to executives; often referred to as perks

Person analysis
Determination of the specific individuals who need training

Piecework
Work paid according to the number of units produced

Point system
Quantitative job evaluation procedure that determines the relative value of a job by the total points assigned to it

Position analysis questionnaire (PAQ)
A questionnaire covering 194 different tasks that by means of a five-point scale seeks to determine the degree to which different tasks are involved in performing a particular job

Position
The different duties and responsibilities performed by only one employee

Positive
or nonpunative discipline System of discipline that focuses on the early correction of employee misconduct with the employee taking total responsibility for correcting the problem

Predictive validity
Extent to which applicants' test scores match criterion data obtained from those applicants/employees after they have been on the job for some indefinite period

Proactive change
Change initiated to take advantage of targeted opportunities

Process audit
Determining whether the high-performance work system has been implemented as designed

Profit sharing
Any procedure by which an employer pays or makes available to all regular employees in addition to base pay special current or deferred sums based on the profits of the enterprise

Progressive discipline
Application of corrective measures by increasing degrees

Promotion
Change of assignment to a job at a higher level in the organization

Psychological contract
Expectations of a fair exchange of employment obligations between an employee and employer


R

Reactive change
Change that occurs after external forces have already affected performance

Real wages
Wage increases larger than rises in the consumer price index; that is the real earning power of wages

Realistic job preview (RJP)
Informing applicants about all aspects of the job both desirable and undesirable facets

Reasonable accommodation
Attempt by employers to adjust the working conditions or schedules of employees with disabilities or religious preferences

Recency error
Performance rating error in which the appraisal is based largely on the employee's most recent behaviour rather than on the behaviour throughout the appraisal period

Red circle rates
Payment rates above the maximum of the pay range

Reengineering
Fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in cost quality service and speed

Reliability
Degree to which interviews tests and other selection procedures yield comparable data over time and alternative measures

Relocation services
Services provided to an employee who is transferred to a new location which might include help in moving in selling a home in orienting to a new culture and/or in learning a new language

Repatriation
Process of employee transition home from an international assignment

Replacement charts
Listings of current job holders and persons who are potential replacements if an opening occurs

Rights arbitration
Arbitration over interpretation of the meaning of contract terms or employee work grievances

Rucker Plan
Bonus incentive plan based on the historic relationship between the total earnings of hourly employees and the production value created by the employees


S

SWOT analysis
A comparison of strengths weaknesses opportunities and threats for strategy formulation purposes

Scanlon Plan
Bonus incentive plan using employee and management committees to gain cost-reduction improvements

Selection ratio
Number of applicants compared with the number of people to be hired

Selection
Process of choosing individuals who have relevant qualifications to fill existing or projected job openings

Self-appraisal
Performance appraisal done by the employee being evaluated generally on an appraisal form completed by the employee to the performance review

Severance pay
A lump-sum payment given to terminated employees

Sexual harassment
Unwelcome advances requests for sexual favours and other verbal or physical conduct of a sexual nature in the working environment

Silver handshake
An early retirement incentive in the form of increased pension benefits for several years or a cash bonus

Similar-to-me error
Performance rating error in which an appraiser inflates the evaluation of an employee because of a mutual personal connection

Situational interview
An interview in which an applicant is given a hypothetical incident and asked how he or she would respond to it

Six Sigma
A process used to translate customer needs into a set of optimal tasks that are performed in concert with one another

Skill inventories
Files of employee education experience interests skills etc. that allow managers to quickly match job openings with employee backgrounds

Spot bonus
Unplanned bonus given for employee effort unrelated to an established performance measure

Staffing tables
Graphic representations of all organizational jobs along with the numbers of employees currently occupying those jobs and future (monthly or yearly) employment requirements

Standard hour plan
Incentive plan that sets rates based on the completion of a job in a predetermined standard time

Statutory rights
Rights that derive from legislation

Step-review system
System for reviewing employee complaints and disputes by successively higher levels of management

Stock data
Data showing the status of designated groups in occupational categories and compensation level

Straight commission plan
Compensation plan based on a percentage of sales

Straight piecework
Incentive plan under which employees receive a certain rate for each unit produced

Straight salary plan
Compensation plan that permits salespeople to be paid for performing various duties that are not reflected immediately in their sales volume

Strategic human resources management (SHRM)
Pattern of human resources deployments and activities that enable an organization to achieve its strategic goals

Strategic planning
Procedures for making decisions about the organization's long-term goals and strategies

Strategic vision
Statement about where the company is going and what it can become in the future; clarifies the long-term direction of the company and its strategic intent

Stress
Any adjustive demand caused by physical mental or emotional factors that require coping behaviour

Structured interview
An interview in which a set of standardized questions having an established set of answers is used

Submission to arbitrate
Statement that describes the issues to be resolved through arbitration

Subordinate appraisal
Performance appraisal of a superior by an employee which is more appropriate for developmental than for administrative purposes

Succession planning
Process of identifying developing and tracking key individuals for executive positions

Systemic discrimination
The exclusion of members of certain groups through the application of employment policies or practices based on criteria that are not job-related


T

Task analysis
Process of determining what the content of a training program should be on the basis of a study of the tasks and duties involved in the job

Task inventory analysis
An organization-specific list of tasks and their descriptions used as a basis to indentify components of jobs

Team appraisal
Performance appraisal based on TQM concepts that recognizes team accomplishment rather than individual performance

Team incentive plan
Compensation plan in which all team members receive an incentive bonus payment when production or service standards are met or exceeded

Telecommuting
Use of personal computers networks and other communications technology such as fax machines to do work in the home that is traditionally done in the workplace

Termination
Practice initiated by an employer to separate an employee from the organization permanently

Third-country nationals
Employees who are natives of a country other than the home country or the host country

Total quality management (TQM)
A set of principles and practices whose core ideas include understanding customer needs doing things right the first time and striving for continuous improvement

Transfer of training
Effective application of principles learned to what is required on the job

Transfer
Placement of an individual in another job for which the duties responsibilities status and remuneration are approximately equal to those of the previous job

Transnational corporation
Firm that attempts to balance local responsiveness and global scale via a network of specialized operating units

Transnational teams
Teams composed of members of multiple nationalities working on projects that span multiple countries

Trend analysis
A quantitative approach to forecasting labour demand based on an organizational index such as sales


U

Underutilization
Term applied to designated groups that are not utilized or represented in the employer's workforce proportional to their numbers in the labour market

Unfair labour practices (ULPs)
Specific employer and union illegal practices that operate to deny employees their rights and benefits under federal and provincial labour law

Union shop
Provision of the collective agreement that requires employees to join the union as a condition of their employment

Union steward
Employee who as a nonpaid union official represents the interests of members in their relations with management


V

Validity generalization
Extent to which validity coefficients can be generalized across situations

Validity
Degree to which a test or selection procedure measures a person's attributes

Value creation
What the firm adds to a product or service by virtue of making it; the amount of benefits provided by the product or service ance the costs of making it are subtracted

Value-added compensation
Evaluating the individual components of the compensation program to see if they advance the needs of employees and the goals of the organization

Variable pay
Tying pay to some measure of individual group or organizational performance

Vesting
A guarantee of accrued benefits to participants at retirement age regardless of their employment status at the time

Virtual team
A team with widely dispersed members linked together through computer and telecommunications technology


W

Wage and salary survey
Survey of the wages paid to employees of other employers in the surveying organization's relevant labour market

Wage curve
Curve in a scattergram representing the relationship between relative worth of jobs and wage rates

Wage-rate compression
Compression of differentials between job classes particularly the differential between hourly workers and their managers

Whistleblowing
Complaints to governmental agencies by employees about their employers' illegal or immoral acts or illegal practices

Work permit or visa
Government document granting a foreign individual the right to seek employment

Work valuation
A job evaluation system that seeks to measure a job's worth through its value to the organization

Workers' compensation insurance
Insurance provided to workers to defray the loss of income and cost of treatment resulting from work-related injuries or illness


Y

Yield ratio
Percentage of applicants from a recruitment source that make it to the next stage of the selection process

 

 

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