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14 Cards in this Set
- Front
- Back
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Define Human resource management |
Human resource management is the effective management of the formal relationship between the employer and employees. |
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Define A human resource manager |
A human resource manager coordinates all the activities involved in acquiring, developing, maintaining and terminating employees from a business's human resources. |
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Motivation |
Motivation refers to the individual, internal process that directs, energises and sustains a person's behaviour. |
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Define SMART goals |
SMART goals are goals that are Specific, Measurable, Attainable, Relevant and Time-bound. |
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Define an Award |
An Award is a legally binding agreement that sets out minimum wages and conditions for a group of employees in a given industry. |
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Define a Bonus |
A bonus is a one-off payment given to a particular employee or group of employees as a reward for meeting particular targets, or for some other special effort. |
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Define a commission |
A commission is an amount paid for accomplishing a sale, paid to the salesperson who accomplished the sale, and usually calculated as a fixed percentage of the sales price. |
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Define Gainsharing |
Gainsharing is a method of rewarding employees for making suggestions that improve productivity in a business. The savings achieved from these improvements are distributed to the employees |
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Define Productivity |
Productivity is a measure of efficiency, the amount of output compared with the amount of input in production |
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Define a sanction |
A sanction is a form of penalty or punishment |
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Define a profit sharing plan |
A profit sharing plan is a plan that gives employees a share in the profits of a company. Under this type of plan, an employee receives a percentage of a company's profits based on its quarterly or annual earnings. |
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Define a pay increase |
A pay increase is a rise in pay or salary. |
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Define hierarchy of needs |
Hierarchy of needs is Maslow's sequence of human needs in the order of their importance |
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Define a need |
A need is a personal requirement |
