V373 Final Exam Vocabulary

Union steward

An employee elected by union members to represent them in ensuring that the terms of the labor contract are enforced. Most of workers' contract is with the union steward.

Benefits

An indirect compensation given to an employee or group of employees as a part of organizational membership.

Closed Shop

Union security arrangement under which a person must be a union member before being hired; illegal for those covered by the National Labor Relations Act

Craft Union

• The members of a craft union have a particular skill or occupation. •Their bargaining power depends greatly on its control over the supply of its workers. •They are often responsible for training their members through apprenticeships.

Factors used to determine retirement benefit levels under a defined benefit retirement plan

•Years of service •Age •Average of the five highest earning years

Expert system

A computer system that helps users make decisions by recommending actions based upon predetermined decision rules and the information provided by the users.

Parent Country

A country that serves as the home for a corporation's headquarters

HR Dashboard

A display of a series of HR measures, showing human resource goals and objectives and progress toward meeting them

Exporting Organization

A firm that is currently shipping domestically produced items to other countries to be sold

Cafeteria-style plans/Flexible Benefit Plan

A plan (flex or cafeteria) that allows employees to select the benefits they prefer from groups of benefits established by the employer.

HIPPA Provisions

Allows employees to switch their health insurance plan from one company to another, regardless of pre-existing health conditions.

Flexible Spending Accounts

An account that allows employees to contribute pre-tax dollars to buy additional benefits (e.g., life insurance)

Selecting employees in a Global Labor Market

According to research, the factor that most strongly influences whether an employee completes a foreign assignment is the comfort of the employee's spouse and family.

Employee Benefits

Compensation in forms other than cash.

Team and Empowerment

Design work so that it is performed by teams is one of the most popular ways to empower employees

What type of issues most commonly reach arbitration?

Discharge and disciplinary

Domestic Partners

Domestic partners is an adult non-relative who lives with the employee in a relationship defined ad permanent and financially interdependent.

Expatriate

Employees assigned to work in another country.

Vesting rights

Employees who have met the enrollment and length-of-service requirements to receive a pension at retirement, regardless of whether they remained with the employer until that time

Multinational firm

Locating facilities in a large number of other countries in order to capitalize on lower production and distribution costs.

Third Country

Not the parent or the host country.

Defined Benefit Plan

Pension plan that guarantees a specified level of retirement income.

Validation

Planning for how the returning employee will contribute to the organization and the extent to which the expatriate receives recognition from peers and bosses following their overseas assignment

Political/Legal system

Political/legal system strongly impinges on HRM. The country's laws often dictate the requirements for certain HRM practices.

Transaction Processing

Refers to computations and calculations involved in reviewing and documenting.

Norris-LaGuardia Act (1932)

Restricts injunctions and outlaws "yellow-dog" contracts, which required that workers "pledge" that they were not union members and would never join one.

Decision support systems

That allow users to see how outcomes change when assumptions or data change.

High-performance work system

The right combination of people, technology, and organizational structure that makes full use of the organization's resources and opportunities in achieving its goals.

Striking

The number of U.S. labor strikes involving 1,000 or more workers has decreased significantly since 1950.

Most important qualities for international assignments per expatriates

family situation, flexibility and adaptability, job knowledge and motivation, relational skills, and openness to other cultures.