Business English - Vocab

dress code

the type of clothes people are expected to wear

minimum salary

the lowest amount of pay that someone can receive

pay rate

a payment fixed according to a standard scale

pay structure

a system that determines the pay an employee will receive based on factors such as years in the company, position, managerial responsibility, etc.

company hierarchy

refers to staff organised on various levels.

values

the principles and practices a business or organisation feels are important and tries to follow.

organizational behavior

how people in an organization work together and how this affects the organization as a whole.

good atmosphere

a pleasant or positive feeling that a place gives you.

strategy

a plan for achieving an aim

company structure

the way an organisation is structured

image

the general opinion that most people have of an organisation or product

flexibility

people or plan that can be changed easily to suit any new situation

open-plan office

an office which does not have wall dividing it into separate rooms

diverse work

jobs that are very different from each other

menial tasks

work which needs little skill

promotion

the fact of getting a better paid, more responsible job

sabbatical

a fixed period of time when someone takes an agreed break from their job

work-life balance

a situation in which you are able to give the right amount of time and effort to your work and to your personal life outside work

development

the teaching or learning of a range of skills employees can use in a variety of positions and/or for future careers

training

the process of teaching or being taught the skills for a particular job or activity

career development

the process of learning and improving your skills so that you can do your job better and progress to better jobs

induction programme

the process used within many businesses to welcome new employees to the company and prepare them for their new role. It helps in the integration of employees into the organization

job-related training

any training course or activity that is connected to someone's job

mentee

a person who is advised, trained, or counselled by a mentor

online course

a virtual learning experience organized into a course format

deliver method

is the way in which educational or training content is conveyed from instructor to students

standard

the level that is considered to be acceptable or the level that someone or something has achieved

emotional intelligence

the ability to keep one's emotions under control and show understanding for others

practical courses

courses which teach specific skills rather than general theory

skills set

the particular abilities a person has or has learnt

competency

having reached a level of possessing enough skill or knowledge to do something to a satisfactory

rapport

friendly agreement and understanding between people

motivation

enthusiasm for doing something

understanding

knowledge about a subject, situation, etc. or about how something works

needs analysis

a careful analysis of what training is necessary for a group or individual

benchmarking

to use something as a standard by which other things can be judged or measured

crash

when the stock market suffers a devastating drop in value

economic depression

a more severe, long-lasting recession that extends beyond the confines of a single country's border and into the economies of other nations.

recession

a downturn in the economy that can affect production and employment, and produce lower household income and spending

bankruptcy

is when you are not able to pay your debts

credit crunch

happens when borrowing money becomes difficult because banks reduce the amount they lend and charge high interest rates

depression

a long period during which there is very little business activity is the worst type of financial crisis and is known as an economic

investment

is something you buy, such as shares, bonds or profit, to make a long-term profit.

loan

is an amount of money that you borrow from a bank, financial institution, etc..

losses

describes the situation when a company has less money than it did before, for example because sales have gone down.

mortgage

a legal arrangement by which you borrow money from a bank in order to buy a house, and pay back the money over a period of years.

recession

is a difficult time when there is less trade or business activity in a country than usual.

savings

all the money that you have saved, especially in a bank or financial institution is called savings

stock market

the business of buying and selling stocks and shares

go bankrupt

is to become insolvent, or without enough money to pay what you owe

to boom

to grow rapidly, or be very successful as a business or trade

to bail someone out

to help a person or a company that is in financial difficulty

profitability

the amount of profit a company makes

make your mark

have an important or permanent effect on something

boost

improve something and make it more successful

bottom-line

the amount of money that a business makes or loses

make up ground

replace something that has been lost; become successful again