Intro to HR Exam 3

voluntary turnover

employee initiated

involuntary turnover

employer initiated

voluntary turnover risk

no PTO

involuntary turnover risk

unemployment insurance

employ at will doctrine

employer or employee can terminate relationship with or without notice or cause

alternate dispute resolution steps

open door policy

peer

mediation

arbitration

outplacement

offered after involuntary turnover

helps displaces employees find new opportunities

job withdrawal

withdrawing from work, not caring, calling in sick, only doing the bare minimum

job rotation

move employee around in different positions so they can learn more about the company

good for high potential employees

exit interview

normally done by HR

done to see why you are leaving, your experience, etc

progressive discipline

give unofficial verbal warning

benchmarking

way for companies to look at competition

used to find other talent and keep current talent

Fair Standards of Labor Act

FSLA

establishes minimum wage every year

$7.25

current minimum wage

delayering

putting like job levels together in a layer

glass ceiling

barrier that prevents women and minorities from progressing in their career

stock options

give employees the opportunity to buy company stock

can be used as incentive/reward

merit pay

linked to performance

annual pay increase

compa-ratios

comparative ratios

shows where someone’s position is in their pay range

incentive pay

based on personal perfomance

linked to completing an objective

in addition to regular pay

gainsharing

based on organization performance

unemployment insurance

must work a job for a year, need to be seeking work, etc

workman’s comp

covers medical expenses, rehabilitation, injury

Consolidated Omnibus Budget Reconciliation Act

can continue to use health insurance for up to 36 weeks after severing employment

COBRA

Family Medical Leave Act

gives you job protection up to 12 weeks when you have a qualifying absence

FMLA

social security

based on cost of living

necessary along with umemployment and workers compensation

ERISA

identifies what employers are required to withhold and communicate for pension plans

American Federation of Labor and Congress of Industrial Organizations

largest national labor union

AFLCIO

checkoff provision

union dues are automatically deducted from paycheck

collective bargaining

how unions and management resolve conflicts

wagner act

provides fair representation for labors