business definitions

recruitment

is the process that starts with identifying that the business needs to employ someone

job analysis

indentifes and outlines responsibilties and tasks related to a job

job description

outlines the responsibilites and tasks related to a job

internal recruitment

is when a vacancy is filled by someone who is not an existing employee of the business.

external recruitment

is when a vacancy is filled by someone who is an existing employee of the business.

contract of employment

is a legal agreement between an employer and an employee, listing the rights nd responsibilties.

unfair dismissal

occurs when an employer r ends an employees contract of employment for a reason that is not covered by that contract

legal minimum wage

is the minimum wage rate per hour that employers must pay the employees

induction training

is an introduction training given to a new trainee, explaining the business’s activites,procedures and introducing them to fellow employees.

on-the-job training

occurs when a trainee observes and practises with an experienced employee at the workplace.

off-the-job training

involves being trained away from the workplace, usually by specialist trainers.

hierarchial structure

is one with different levels of authority and chain of command

Organistaional Chart

refers to a diagram that outlines the department and management structure.

Level of hierarchy

refers to managers/supervisors/other employees who are given a similar level of responsibility in an organisation.

Chain of command

is the way in which authority, control, and instructions are passed down from senior management to lower levels.

Span of control

is the number of subordinates working directly under a manager.

Organisational structure

refers to the levels of management and division of responsiblities withinin a organisation.

flexible working

allows employees to choose when to start and stop work and where to work, as long as the contrated hours are completed.

home working

means that employee are given the option to work from home rather than at the place of employment.

part-time employees

is someone who works fewer hours than a full time employee. this is often less than 35 hours a week.

full-time employees

will usually work 35 hours a week.

Delegation

means giving a subordinate the authority to perform particular tasks.

Autocratic Leadership

are the different approaches to dealing with people and making decisions when in a position of authority - autocratic, democratic or laissez-faire

Democratic Leadership

involves employees in the decision-making process but the final decision is left to the leader.

laissez faire leadership

makes the broad objectives of the business known to employee but then they are left to make their own decisions and organise their own work.

redudancy

is when an employee loses their job because the business closes down or the work done by the employee is no longer needed.

redundancy payments

sre made to employees by the business when they are made redundant.

trade union

is a group of employees who have joined together to ensure their interests are protected.

Internal communication

is between members of the same organisation.

External communication

is between the organisation and other organisations or individuals.

motivation

is the reason why employees want to work hard and work effectively for the business.

Wage

is payment for work, usually paid weekly.

time based rate

is the amount paid to an employee for one hour of week.

piece-rate

is an employee payment method that is paid for each unit of output produced.

Salary

is payment for work, usually paid monthly, and is not usually for a specific number of hours worked.

Commisson

is a payment linked to the number of sales made, often in addition to a basic wage

profit sharing

is when a proportion of business profits is paid out to employees.

fringe benefits

are a form of financial motivation given in addition to an employees regular form of payments.

Job Satisfaction

is the enjoyment derived from feeling that you have done a good job.

Job enrichment

involves giving employees work taks that requires more skill and responsibilty

Job rotation

involves workers swapping jobs and doing each specific task for only a limited time and then changing jobs again.

Training

is the process of improving an employees skills

promotion

is the advancement of an employee in an organisation, for example, to a higher job/management level.