Principals of Business and Finance Human Resource Management

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2. The process of managing employees who collectively
contribute to the achievement of the objectives of
the business.

4. Includes planning & job analysis (employee
classification & job requirements), recruiting
& hiring.
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5. Includes managing employee salaries and benefits.
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6. Includes evaluating employees, promotions,
transfers, and termination.

8. Long term commitment employment
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9. Hired for a specific time frame. Also
referred to as seasonal workers.
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10. Employees that typically work 40 hours
or more per week.
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11. Employees that typically work fewer than
30 hours per week.
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13. Part of recruiting employees. Includes reviewing
completed applications/resumes/CVs, interviewing
applicants, checking references, & offering the job.
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14. Introducing newly hired employees to the
company. Includes paperwork, training,
mentoring, & possible probationary
period.
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16. Direct payment for each hour worked.
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17. Fixed regular payment weekly, bi-weekly,
or monthly.
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18. Payment is based on a percentage of sales.
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19. Payment is based per unit produced.
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20. Direct payment with performance based pay added to it.
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21. Non-wage compensation given to employees in
addition to their payments. Includes
insurance, paid vacation, sick days, etc.
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23. Objective evaluations of employees’ quality of work.
Managers and employees are trained on evaluation
procedures. Identifies strengths and weaknesses. Post-
conference tells employee the results
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24. Advancement of an employee to a position with greater
responsibility
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25. Assignment of employee to another location with
similar responsibilities.
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26. Employment relationship with the employee is ended.