The phenomenon where the average age of a population is increasing
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Demography
The statistical study of population trends
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Flexitime
A flexible work practice that allows employees to have control over their work hours within a set core period
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Gig economy
Labor markets characterized by short-term contracts and freelance work
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Homeworking
The practice of working from home as part of a flexible work arrangement
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Human resource management
The overall management of an organization's workforce
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Human resource planning
The process of anticipating and identifying the current and future human resource needs of an organization
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Mobility of labor
The extent to which workers are able to move between different locations or occupations
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Migrant workers
People who move to other countries or regions in search of job opportunities
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Net migration
The difference between the number of people immigrating to a country or region and the number of people emigrating from it
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Portfolio workers
Individuals who engage in multiple temporary jobs or projects for different employers or clients
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Teleworking
A flexible work practice that allows employees to work remotely using telecommunications technologies
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Workforce
The total number of employees or workers in a business organization
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Accountability
The extent of an individual's or group's responsibility for the success or failure of a task or objective
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Bureaucracy
Administrative systems and formal policies and procedures that govern the operations of an organization
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Centralization
A decision-making approach where a small group of senior managers retain the authority to make key decisions
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Chain of command
The formal lines of authority and communication within an organization
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Communication
The transfer of information
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Decentralization
A decision-making approach where authority and decision-making responsibility are delegated throughout the organization
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Delayering
The process of removing layers or levels in a hierarchical organizational structure
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Delegation
The act of line managers entrusting authority and responsibility to employees
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Flat organization
An organizational structure with few layers of management between top-level executives and front-line employees
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Hierarchical
Referring to a tall or vertical organizational structure with multiple levels of authority
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Levels of hierarchy
The number of layers or levels of formal authority within an organization
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Line manager
A person directly above an employee in the organizational structure
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Managers
Individuals who are responsible for the day-to-day running of a business or department
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Matrix structure
A flexible organizational structure that utilizes teams from different departments or functional areas to work on specific projects or initiatives
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Organization by function
Structuring the workforce and organizing tasks based on specific business functions or departments
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Organization by product
Structuring the workforce and organizing tasks based on the goods or services offered by the organization
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Organization by region
Structuring the workforce and organizing tasks based on geographical areas or regions
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Organizational chart
A diagrammatic representation of an organization's structure
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Organizational structure
The formal interrelationships and hierarchical arrangements within a firm
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Outsourced workers
Individuals or organizations hired on a contract basis to perform non-core roles or functions
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Peripheral workers
Contingent workers who are employed on a part-time or temporary basis
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Professional core
Full-time specialists who are vital for the operations and success of an organization
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Project-based organization
An organizational structure that is based on short-term projects or initiatives
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Responsibility
The line manager's level of concern and obligation towards the people they are in charge of
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Shamrock organization
A flexible organizational structure that incorporates a core workforce
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Span of control
The number of workers directly accountable to a line manager
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Tall organization
A vertical organizational structure with multiple layers of management between top-level executives and front-line employees
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Autocratic management
A management style characterized by centralized decision-making and limited input from others
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Democratic management
A management style that involves employee participation in decision-making processes
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Functions of management
The roles and responsibilities of managers in coordinating
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Intuitive thinking
A managerial approach based on values
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Laissez-faire leadership
A leadership style characterized by a hands-off approach
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Leadership
The act of inspiring and motivating others towards a common aim or vision
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Leadership style
The way in which managers provide direction
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Management
The process of getting things done through others by setting objectives
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Manager
A person with decision-making authority and responsibility in an organization
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Paternalistic management
A management approach that treats workers as family members
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Scientific thinking
A long-established approach to management based on objectivity
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Situational leadership
A leadership style that requires adaptation to different situations and the ability to adjust leadership behaviors and approaches based on the needs and capabilities of individuals or teams.
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SMART objectives
A framework for setting objectives that are Specific
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Flashcard (61)