Fundamentals of Business - Managing Human Resources Ch. 12

These flashcards cover key concepts related to human resource management, employee relations, diversity in the workplace, and compensation strategies based on the lecture notes.

Human Resource Management (HRM)

The process in which organizations attract, develop, and retain quality employees.

Job Analysis

The process of identifying the tasks, responsibilities, and skills necessary for a specific job.

Recruitment

The process of identifying suitable candidates and encouraging them to apply for job openings.

Diversity

The visible and invisible characteristics and experiences that make people different.

Inclusion

The act of ensuring that all groups and individuals have equitable access to resources and opportunities.

Equity

Identifying and addressing imbalances and barriers that inhibit full engagement and success.

Employee Orientation

The process of introducing new employees to the organization and their jobs.

Performance Appraisal

A systematic evaluation of employee performance to provide feedback and identify areas for improvement.

Compensation

The total of all financial rewards and benefits that employees receive from their employer.

Flextime

A scheduling system that allows employees to choose their working hours within specified limits.

Job Sharing

A work arrangement where two people share one full-time position, splitting the salary and benefits.

Telecommuting

A work arrangement in which employees work from home or another location outside the office.

Turnover

The permanent separation of an employee from a company.

Contingent Workers

Employees who work temporarily or part-time, often on a contractual basis.

Bonuses

Financial rewards given to employees based on performance, in addition to their regular salaries.

Stock Options

A benefit that gives employees the right to purchase shares of the company's stock at a set price.

Job Enlargement

The practice of increasing the number of different tasks performed by an employee.

Job Enrichment

The practice of adding tasks that increase both responsibility and opportunity for growth.

Employer Branding

The process of promoting the company as a great place to work to attract talented candidates.

Equal Employment Opportunity Commission (EEOC)

A federal agency responsible for enforcing anti-discrimination laws in recruiting and employment.

Legal Compliance

Adhering to laws and regulations governing employment practices.

Onboarding

The process of integrating a new employee into the company and its culture.

Strategic Human Resource Planning

The process of aligning the human resource needs of an organization with its strategic goals.

Employee Retention

Strategies and practices aimed at keeping valuable employees within an organization.

Work-Life Balance

The equilibrium between one's personal life and career work.

Diversity, Equity, Inclusion, and Belonging (DEIB)

An approach that encompasses the principles of diversity, equity, inclusion while ensuring a sense of belonging for all employees.