Samenvatting: English for Business and Economics Vocabulary Grammar
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Course
English for Business and Economics
Institution
Vrije Universiteit Brussel (VUB)
Book
Business Vocabulary in Use
Summary of the vocabulary and grammar to be known for the course English for Business and Economics. All words are listed with a short explanation or example sentence. The grammar is briefly overrun with a short example each time. All explanations are always in English because this is the best way ...
Recruitment
Recruitment, hiring The process of finding people for particular jobs.
Recruited, recruit, hire Someone who has been recruited is a recruit, or a hire.
Employs, hires The company employs or hires people.
Join New people join the company.
Recruiters, recruitment agencies, Outside sources for new employees.
employment agencies
Headhunters Outside specialist, for very important jobs and to persuade
them to leave their current organisation.
Headhunted, headhunting People recruited trough headhunters.
Applying for a job
Situations vacant, applied for, Fred is an accountant, but he was fed up with his old job. He
application form looked in the situations vacant pages of his local newspaper,
where a local supermarket was advertising for a new
accountant’s position. He applied for the job by completing an
application form.
Jobs website, made an Harry wants a new job, he found one on a jobs website. He
application, CV (curriculum made an application sending in his CV along with a cover
vitae), covering letter letter.
Situation, post, position, resume, Formal words often used in job advertisements.
cover letter
Selection procedures
Selection process Methods that a company uses to recruit people.
Backgrounds, experience, Things considered by a company when looking for a new
qualifications employee.
Applicants People applying for a position.
Candidates, group discussion. We invite the most interesting candidates to a group
discussion.
Interviews, psychometric tests We have individual interviews with each candidate, along with
written psychometric tests to asses their intelligence and
personality.
Shortlist The best candidates make it into a shortlist.
References, referees We check their references by contacting their referees.
Offter, turn it down, job offer, Finally we offer the job to someone, if they turn it down we
accept have to think again. They might have already had another job
offer. If they accept it, we hire them.
Appoint We only appoint someone if we find the right person.
, o Unit 4: Skills and qualifications
Education and training
Graduates, paper qualifications, The issue with graduates is that their paper qualifications are
qualifications in, work good and they might have qualifications in interesting
experience subjects, but they have no work experience.
Train for, graduated from, with a Education shouldn’t train people for a particular job. Last
degree in year’s recruits graduated from Oxford University with a
degree in Social Sciences and she’s doing very well!
Training in, train as, qualify as For our company it’s more useful to do training in a practical
subject: it’s better for us if you train as a scientist, and qualify
as a biologist.
In-house training, management But we also need good managers, which we can achieve
development, go on courses, trough in-house training. Such as management development,
acquire experience where managers go on courses in leadership. You need to
acquire experience for that.
Skilled and unskilled
Skill Something you do well, are able to-do.
Highly skilled Car designer
Skilled Car production manager
Semi-skilled Taxi driver
Unskilled Car cleaner
Skilled at or skilled in Skilled in gaming electronics.
Skilled at visualizing concepts using PowerPoint.
Good with He is good with people.
The right person
Methodical, systematic and Working in a planned, orderly way.
organized
Computer-literate Good with computers.
Numerate Good with numbers.
Motivated Keen to do well.
Talented Good at what they do.
Self-starters must be proactive, Good at working on their own.
self-motivated or self-driven
Team players People who work well with other people.
, o Unit 5: Pay and benefits
Wages, salary and benefits
Salary, overtime, perks Every month I get paid a salary. When we’re busy we do
overtime, the pay for this is quite good. We also get perks
such as discounts and free food.
Earn, wages, minimum wage, I work as a waiter, I don’t earn very much. I get paid wages
tips every week by the restaurant, but it is the minimum wage.
Luckily we get tips from costumers.
Basic salary, commission, fringe I work as a saleswoman in luxury goods. I get a basic salary,
benefits, company, healthplan, plus commission. I also get a bonus. There are some good
pension, benefits package, fringe benefits, such as a a company car, a health plan and the
working conditions company makes payments for my pension. All of this together
makes for a very nice benefits package. And the working
conditions are good too.
Compensation 1
Pay and conditions The saleswoman mentioned her pay and conditions.
Remuneration and Formal words used to talk about pay and conditions.
compensation
Remuneration package and Used in the US to talk about all the pay and benefits that an
compensation package employee receives.
Share options, stock options, For senior executives this may include share options or stock
performance bonuses options. There may be performance bonuses if a target is met.
Compensation 2
Compensation Used to talk about money and other benefits someone
receives after forcefully leaving an organisation.
Boardroom row What newspapers use for ‘other managers’.
Compensation payment or Words used to describe the money obtained from forcefully
severance payment. leaving an organisation.
Compensation package or Words used when in addition to the money someone also
severance package receives benefits when forcefully leaving an organisation.
Fat cats Word used to reference executives with very high pay and
benefits in Britain. Implying that they shouldn’t deserve this
level of remuneration.
, o Unit 6: People and workplace
Employees and management
Payroll People who work for a company are on its payroll.
Employees, personnel, staff, People working at a company. People carrying out the work of
workers, workforce a company.
Management Those leading and organizing the organisation.
Management and administration
Sites Locations a company has activities going on.
Head office, headquarters (HQ), Mangers usually work in the head office, where they have
offices, open-plan offices their own office, but often employees work in open-plan
offices.
Administration, admin, Administration or admin is done by administrative staff or
administrative staff, support support staff.
staff
Technical support People in charge of giving technical help to buyers of the
company’s products.
Labour
Labour Used to talk about everyone except the management who
works for a company.
Labour costs What companies have to pay for labour.
Labour dispute A disagreement between management and labour.
Labour leader Someone in charge of an organization representing workers.
Labour relations Relationship between management and employees in general.
Labour shortage A period when there are not enough people available to work.
Labour unrest Period of disagreement between management and
employees.
Labor unions, trade unions Organisations that defend the interests of workers.
Industrial action When workers are unhappy, they may take industrial action.
Strike, stoppage, walk-out Workers stop working for a time.
Go-slow Workers continue to work, but more slowly than usual.
Overtime-ban Workers refuse to work overtime.
Personnel and HRM
Human resources department, Large organisations have a human resources department that
human resources, human deals with pay, recruitment, etc. This area is called human
resource management, resources or human resource management or the personnel
personnel department department.
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