Chapter 8 Human Resources, Culture, and Diversity

Removes work from one company and sends it to another that can complete it at a lower cost:

• benefits

• outsourcing

• labor union

• termination

Is made up of all the people 16 years and older who are employed or who are looking for a job.

• workforce

• sales force

• employers

• space force

A planned reduction in the number of employees in order to cut costs and make a business more efficient

• Downsizing

• Outsourcing

• Hiring

• Unemployment

A specific study of a job to identify in detail the job duties and skill requirements

• Job analysis

• Performance indicators

• Benefits

• Wages

The amount of money paid to an employee for work performed

• Compensation

• Job analysis

• Details

• Taxes

Direct payment of money to an employee for work completed

• Salary and wages

• Compensation

• Taxes

• Job analysis

Compensation in forms other than direct payment, like insurance, vacation time, and retirement plans.

• Benefits

• Wages

• Compensation

• Taxes

The advancement of an employee to a position with greater responsibility

• Promotion

• Boss

• Retirement

• Executive

The assignment of an employee to another job in the company with a similar level of responsibility

• Transfer

• Promotion

• Demotion

• Downsize

Ends the employment relationship between a company and an employee.

• Termination

• Promotion

• Unemployment

• Transfer