Career Planning
Actions & activities that individuals perform in order to give direction to their work lives.
Brain drain
Exit of educated & skilled citizens from emerging & developing countries for better paying jobs in developed countries.
Cost-of-living adjustment (COLA)
Pay adj...
Career Planning - ANSWER- Actions & activities that individuals perform in order
to give direction to their work lives.
Brain drain - ANSWER- Exit of educated & skilled citizens from emerging &
developing countries for better paying jobs in developed countries.
Cost-of-living adjustment (COLA) - ANSWER- Pay adjustment given to eligible
employees regardless of performance or organizational profitability; usually
linked to inflation.
Broadbanding - ANSWER- Combining several salary grades or job classifications
with narrow pay ranges unto one brand with a wider salary spread.
Behavioral interview - ANSWER- Type of interview that focuses on how
applicants previously handled real situations.
Competency-based interview - ANSWER- Type of interview in which the
interviewer asks questions related to competencies for the position and asks
candidates to provide examples of times they demonstrated the competencies.
ADDIE model - ANSWER- 5 step instructional design process that governs the
development of learning programs.
Analyze, Design, Develop, Implement, and Evaluate.
,Blended learning - ANSWER- Planned approach to learning that included a
combination of instructor-led training, self-directed study, and /or on-the-job
training.
Strategy - ANSWER- A plan of action for accomplishing an organization's long-
range goals.
SWOT analysis - ANSWER- Process for assessing an organization's strategic
capabilities in comparison to threats and opportunities identified during
environmental scanning.
Vision statement - ANSWER- Vivid, guiding image of an organization's desired
future, the future it hopes to attain through its strategy.
Organizational values - ANSWER- Beliefs that are important to an organization
and often dictate employee behavior.
Strategic management - ANSWER- The actions that leaders take to move their
organizations toward those goals and create value for all stakeholders.
Strategic planning - ANSWER- The process of setting goals and designing a path
toward a competitive position.
Net profit margin - ANSWER- Ratio of net income (gross sales minus expenses
and taxes) to net sales.
Leading indicator - ANSWER- Type of metric that describes an activity that can
change future performance and indicate higher degree of success in achieving
strategic goals.
Environmental scanning - ANSWER- Process that involves a systematic survey
and interpretation of relevant data to identify external opportunities and threats
and to assess how these factors affect the organization currently and how they
are likely to affect the organization in the future.
Benchmarking - ANSWER- Process that compares performance levels and/or
processes of one entity with those of another to identify performance gaps and
set goals aimed at improving performance.
Blue ocean strategies - ANSWER- Strategies that generate competitive advantage
by creating a new marketplace arena in which there are no other competitors.
,Weingarten rights - ANSWER- Union employees' right in U.S. to have a union
representative or coworker present during an investigatory interview.
Worker Adjustment and Retraining Notification (WARN) Act - ANSWER- U.S. act
that requires some employers to give a minimum of 60 days' notice if a plant is to
close or is mass layoffs will occur.
Uniformed Services Employment and Reemployment Rights Act (USERRA) -
ANSWER- U.S. act that protects the employment reemployment, and retention
rights of persons who serve or have served in the uniformed services.
Vesting - ANSWER- Process by which a retirement benefit becomes
nonforfeitable.
Stakeholders - ANSWER- All those affected by an organization's social,
environmental, and economic impact shareholders, employees, customers,
suppliers, regulators, and local communities.
Triple bottom line - ANSWER- Economic, social, and environmental impact
metrics used to determine an organization's success.
Risk scorecard - ANSWER- Tool used to gather individual assessments of various
characteristics of risk (e.g. frequency of occurrence, degree of impact/loss/gain
for the organization, degree of efficacy of current controls).
Protected class - ANSWER- People who are covered under a particular federal or
state anti-discrimination law.
Prudent person rule - ANSWER- States that an Employee Retirement Income
Security Act plan fiduciary has legal and financial obligations not to take more
risks when investing employee benefit program funds than a reasonable
knowledgeable, prudent investor would under similar circumstances.
Quid pro quo harassment - ANSWER- Type of sexual harassment that occurs
when an employee is forces to choose between giving in to a superior's sexual
demands and forfeiting an economic benefit such as a pay increase, a promotion,
or continues employment.
Portal-to-Portal Act - ANSWER- U.S. act that defines what is included as hours
worked and is therefore compensable and a factor in calculating overtime.
, Patient Protections and Affordable Care Act (PPACA) - ANSWER- 2010 U.S. law
aimed at reducing the number of uninsured individuals and decreasing health
care costs. The law requires virtually all citizens and legal residents to have
minimum health coverage and requires employers with more than 50 full-time
employees to provide health coverage that meets minimum benefit specifications
or pay a penalty.
Pension Benefit Guaranty Corporation (PBGC) - ANSWER- Set up by U.S.
Employee Retirement Income Security Act (ERISA) to insure payment of benefits
in the even that a private-sector defined benefit pension plan terminates with
insufficient funds to pay the benefits.
Phillips v. Martin Marietta Corporation - ANSWER- 1971 U.S. case that stated than
an employer may not, in the absence of business necessity, refuse to hire women
with preschool aged children while hiring men with such children.
Occupational Safety and Health Administration (OSHA) - ANSWER- U.S. agency
that administers and enforces the Occupational Safety and Health Act of 1970.
Offshoring - ANSWER- Situation in which a company relocated processes or
production to an international location by means of subsidiaries or 3rd party
affiliates.
Older Workers Benefit Protection Act (OWBPA) - ANSWER- U.S. act that amended
the Age Discrimination in Employment Act to included all employee benefits; also
provided standards that an employee's waiver of the right to sue for age
discrimination must meet in order to be upheld by a court.
make it illegal for an
employer to:
Use an employee's age as a basis for discrimination in benefits
Target older workers for staff-cutting programs,
NLRB v. Weingarten - ANSWER- Landmark 1975 U.S. labor relations case the
dealt with the right of a unionized employee to have another person present
during certain investigatory interviews.
Nonexempt employees - ANSWER- Employees covers under U.S. Fair Labor
Standards Act regulations, including minimum wage and overtime pay
requirements.
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