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Principles of Management Ch 11

22 cards·by bncannon3
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Job Analysis
A purposeful, systematic process for collecting information on the important work-related aspects of a job.
Job Description
a written description of the basic tasks, duties, and responsibilities required of an employee holding a particular job
Job Specification
a summary of the qualifications needed to successfully perform a job
Internal Recruiting
The process of developing a pool of qualified job applicants from people who already work within the company.
External Recruiting
Process of developing a pool of qualified job applicants from outside the company.
Selection
the process of gathering information about job applicants to decide who should be offered a job
Employment References
contacting previous employers or coworkers to learn more about the candidate
Background Checks
used to verify accuracy of information that applicants provide about themselves
Training
providing opportunities for employees to develop the job-specific skills, experience, and knowledge they need to do their jobs or improve th
Needs Assessment
the process of identifying and prioritizing the learning needs of employees
Objective Performance Measures
measures of performance that are easily and directly counted or quantified (output, scrap, sales, etc)
Subjective Performance Measures
require that someone judge or assess a worker’s performance
Compensation
The financial and nonfinancial rewards that organizations give employees in exchange for their work.
Pay-level Decisions
Decisions about whether to pay workers at a level above, below, or at current market wages.
Job Evaluation
determines the worth of each job by determining market value of skills required to perform it
Pay-variability Decisions
The extent to which employees’ pay varies with individual and company performance
Pay Structure Decisions
Concerned with internal pay distribution
Employment Separation
A broad term covering the loss of an employee for any reason.
Downsizing
The planned elimination of jobs in a company.
Early Retirement Incentive Programs
offer financial benefits to employees to encourage them to retire early. reduces number of employees, lowers costs, creates new openings
Phased Retirement
employees transition to retirement by working reduced hours before completely retiring
Employee Turnover
The loss of employees who choose to leave the company.