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Recruitment
The process of looking for employees and hiring them
Recruit
Someone who is applying for a job
Job
Where you work
Position
Where you are in the hierarchy
Apply for
To make a formal request usually in writing or by filling out a form, to obtain something (job)
Letter of application/covering letter
Why are you fit for the job
Curriculum vitae (CV)/resume
Detailed outline of your entire academic and professional history (education, work experience, skills and accomplishments)
Application form
An official document used by employers to collect standardized information from candidates, including personal details, work history, education, and references
Human Resources
Responsible for hiring, solving problems
Short list
A list of potential candidates or applicants
Be short listed
To be selected, but there is next stage
Candidates/applicants
Individual being considered for a specific position or role, within an organization, having progressed beyond just applying
Interview
A formal, two-way conversation between a job applicant and an employer designed to assess a candidate suitability for a position
Recruitment agency (UK)/search firm (US)
An external firm that connects employers with job seekers to fill open positions
Co-op programs
Gaining experience outside school
Internship
Gaining experience on your own
Career expos
An organized event where employers, recruiters, and companies set up booth to meet with job seekers, discuss employment opportunities, and collect resumes
Mind over matter
The use of willpower to overcome physical problems
Bring the wrong person on board
Hiring, recruiting, or adding an individual to a team, company, or project who does not possess the necessary skills, experience, or cultural fit required for the role
About as common as a ten-dollar bill
Describes something that is frequently encountered, widely available, and easily found in everyday life
Play the interview game
Navigating the strategic, often performative, social interactions, and unwritten rules of job interview to appear as an ideal candidate
White-collar jobs
Desk based jobs
A hire
Someone who starts working for a company
To hire
Employ someone
Rationalize
Getting rid of unnecessary staff to make company more efficient
Retailing
Sell goods to the public by retail (sprzedaż detaliczna)
Retailers
A person or business that sells goods to the public in relatively small quantities for use or consumption rather than for resale
Shops (UK)/ stores(US)
General name for an establishment that sells goods or services
Chains
A retail outlet in which several locations share a brand, central management and standardized business practices
Outlets
A point from which goods are sold or distributed
Shopping centres
Many shops in one place, different owners each
Hypermarkets
Superstore + department store, very large store with a big range of products (Auchan)
Superstores
Smaller than hypermarkets, still a very large store (Lidl, Biedronka)
Retail park
Many huge retailers, situated outside a town or city
Departament store
Divided into departments, only one owner (Dom handlowy)
Wholesale
The sale of goods in large quantities to retailers and not consumers (sprzedaż hurtowa)
Co-operatives
A retail organisation whose aim is not to make profits but to provide benefits to members (organizacje biznesowe, spółdzielcze)
Cash and carry
a business that sells goods at discount on condition that buyers pay cash and carry the goods away (płać i bierz, hurtownia samoobsługowa)
Niche
Particular market
Suppliers
Companies that provide goods for retailers
Profits
Positive financial results
Discount
Significant price reduction
Range
Selection
Surplus
More than what is needed
Brick-and-mortar retailer
Opposite of an online retailer, they sell their products in stores, not online or through catalogs, a supermarket that sells its products only in its store is one of this
High street
The main street, characterized by a concentration of shops, banks, and businesses
Stock
Products available in the establishment
Deal
Exchanging stuff for mutual advantage
Overheads
Costs of running a business, not tied to creating a product or service
Profit margain
The percentage of revenue left after paying business expenses
Purchasing power
The ability to buy stuff with a given amount of money (value of money)
Secure
To ensure a position in, to make something stable
Market
Arenas in which buyers and sellers can gather and interact
Model
A version of a product
Franchising
A business system in which a company (franchisor sells an individual (franchisee) the right to operate a business using the franchisor's established system or format
Franchisor
An individual or company that sells or grants a franchise for the sale of goods or the operation of a service
Franchisee
An individual or company that holds a franchise for the sale of goods or the operation of a service
Franchise agreement
A legally binding contract between a franchisor (brand owner) and a franchisee (operator) that grants the right to use the company's trademark, systems, and business model for a specific period in exchange for fees
Franchise fee/front end fee
One-time, upfront payment made by a franchisee to a franchisor to join a franchise system
Royalty
Ongoing payment for use of assets
Management services fee
A fee for advice and assistance with the business
Advertising fee
Fee for advertising the business
Annual turnover
The total gross revenue a business generated from its core operations (sales of goods or services) over a 12 month fiscal period
Operations manual
Comprehensive, internal document (digital or physical) that outlines an organisation's standard operating procedures, policies, and workflows
Master franchisee
An individual or entity granted the exclusive rights by a brand owner (franchisor) to develop, manage, and sub-franchise a business within a specific, large territory or country
Networking
The action or process of interacting with others to exchange information and develop professional or social contacts
Capital
Wealth in the form of money or other assets owned by a person or organisation or available for a purpose such as starting a company or investing
Expand
Become or make larger or more extensive
Supplier
A person or organization that provides something needed such as product or service
Sources
A place, person, or thing from which something originated or can be obtained
Cravings
Intense desire for something
Pay off
Something successful
Muck in
To help out, collaborate, or share in work, tasks
A challenge
A difficult but exciting thing to do
Maintenance
Keeping equipment in good condition
A booking
A reservation
A report
A piece of writing giving information on a particular subject
To tackle
To deal with
To update
To review and include recent changes
Records
Written documents containing information about the past
A payroll
A list of employees and the wages they are paid
To focus
To pay special attention
Paperwork
Work involving written or printed documents
National culture
The collective values, beliefs, customs, and behaviours shared by people within a specific country
Hierarchy
A system that organizes or ranks people, things, or data into graded levels of power, importance, or classification, usually form highest to lowest
Subordinates
Someone or something having a lower rank, power, or importance, often acting under another's authority
Authority
The legitimate power, right, or permission to control, command, or make decisions
Delegate authority
The formal process where a manager or leader assigns responsibility and grants specific decision-making power to a subordinate to complete tasks
Initiative
Personal quality that shows a willingness to get things done and take responsibility.
State-owned enterprises
Legal business entities created, owned, or controlled (wholly or partially) by a government to engage in commercial activities on its behalf
Corporate culture clashes
Conflicts arising when different organizational beliefs, values, and work styles collide, often following mergers, acquisitions, or rapid changes
Minefield
A subject or situation presenting unseen hazards
Organisation chart
A graphic representation of the structure of an organization showing the relationships of the positions or jobs within it
Headquarters
The main office or centre of control of a company or organization
IT
Short for information technology
Subsidiary
A company controlled by a holding company
Mass market
The market for goods that are produced in large quantities
Range
The area of variation between upper and lower limits on a particular scale
Corporate culture
The shared values, attitudes, beliefs, and unwritten rules that define "how things are done" within an organization
Head-hunter
A person whose job is to find people qualified and willing to take very important jobs