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Unit 16 Human Resource Management Keyterms

Unit 16 Human Resource Management Keyterms

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a reduction in the number of employees
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Contracting
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an increase in the number of employees
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Expanding
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where a business has a lot of machinery involved in the production process
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Capital Intensive
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where a business uses a lot of people in the production process
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Labour Intensive
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one that has fewer hierachical layers and therefore fewer levels of management above employees
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Flat Organisational Structure
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when an organisation has too many goods or services on offer compared to the number of customers
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Excess Capacity
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a payment that is given to a person when they retire
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Pension
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the salary before any detuctions are made, for example, National Insurance
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Gross Salary
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the amount the employee receives after deductions have been made
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Net Salary
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a formal meeting with a panel of three people, including a judge, who will listen to claims made by an employee against their employer
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Employment Tribunal
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a structure with many hierarchal layers and therefore, many levels of management above employees
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Hierarchical/Pyramid Structure
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means that an organisation is working at the highest level that it can
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Maximum Capacity
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