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.