The Dynamic Environment of HRM Chapter One
Globalization
A process of interaction and integration among the people, companies, and governments of different nations, driven by international trade and investment and accelerated by information technology.
Ethic
A set of rules or principles that define right and wrong conduct.
Labor Union
Act on behalf of it members to secure wages, hours and other terms and conditions of employment.
Downsizing
An Activity in an organization aimed at creating greater efficiency by eliminating certain jobs.
Core Employees
An organization's full-time employee population.
Multinational corporations(MNCs)
Corporations with significant operations in more than one country.
Information Technology (IT)
Crating and maintaining the technology infrastructure of an Organization.
Sarbanes-Oxley Act
Established procedures for public companies regarding how they handle and report their finances.
Baby Boom Generation
Individuals born between 1946 and 1965
Knowledge Workers
Individuals whose jobs are deigned around the acquisition and application of information
Mergers
Joining ownership if two Organizations.
Rightsizing
Linking employee needs to organizational
Sustainability
Living,doing business and employing individuals in a responsible and ethical way.
Legal Compliance
Making sure that all legal retirements involved in employment are met.
Transnational Corporation
Organization with extensive international operations and subsidiaries in many countries, no longer identifying with a single "home" country
Quality Management:
Organizational Commitment to continuous process of improvement that expands the definition of customer to include everyone involves in the organization.
Continuous Improvement
Organizational commitment to constantly improving quality of products or services.
Work Process Engineering
Radical, Quantum Change in an organization.
Outsourcing
Sending work "outside" the organization to be done by individuals not employed full time with the organization.
software as a Service (SaaS)
Software delivered on the internet on a subscription basis.
Codes of Ethics
States an organizations's primary values and the ethical rules it expects members to follow.
Human Resource Information Systems(HRIS)
Systems used to gather,store and analyze information regarding an organizations's human resources.
Kaizen
The Japanese term for an organization's commitment to continuous improvement.
Contingent Workforce
The part-time , temporary and contract workers used by organizations to full peak staffing needs or perform work not done by core employees.
Culture
The patterns or thought and behavior that distinguish one group of people from another.
Reshoring
The process of bringing jobs back back to the home country.
Acquisitions
The transfer of ownership and control of one organization to another.
Workforce Diversity
The varied personal characteristics that make the workforce heterogeneous.
Information Systems (IS)
Using information technology to improve organizational performance.
Inclusion
Valuing the contribution of everyone.
Offshoring
the process of moving jobs out of one country and into another country.