Understanding Canadian Business - Human Resource Management

These flashcards cover key vocabulary and concepts related to Human Resource Management, as discussed in the lecture notes.

Human Resource Management (HRM)

The process of determining human resource needs and managing employee recruitment, selection, development, motivation, evaluation, compensation, and scheduling.

Employee Recruitment

The process of obtaining the right number of people with the right skills at the right time.

Job Analysis

The process of determining the skills, knowledge, and abilities required to perform a job, resulting in job descriptions and job specifications.

Compensation

Remuneration for work which serves as a marketing tool to attract and retain employees.

Performance Appraisal

A systematic evaluation of an employee's performance, which includes establishing standards, evaluating performance, and discussing results.

Training and Development

Activities aimed at improving an employee's skills and abilities to enhance productivity and performance.

Employee Orientation

A process of introducing new employees to the organization, including policies, practices, and co-workers.

Legal Environment in HRM

The framework of laws and regulations that govern human resource management practices.

Flexible Work Arrangements

Schedules that allow employees to choose when and how they work, including telecommuting and job sharing.

Employee Movement

The processes involving promotions, transfers, terminations, and retirements within a company.