Human Resource Management

Industrial Relations
Industrial relations encompass the dealings and interactions of a company with its employees, labor unions, and governmental institutions, with a focus on promoting partnership, cooperation, and negotiated conflict resolution.
Job Rotation
Job rotation involves moving an employee periodically from one job to another. The primary purposes are to offer comprehensive organizational experience as a training process and to mitigate boredom resulting from repetitive job tasks.
Job Specification
A job specification is a detailed description outlining the skills, education, and experience required for a particular position.
Recruiters
Recruiters are professionals responsible for sourcing and acquiring new employees for an organization, typically through a variety of methods such as advertising campaigns, job fairs, and referrals. They play a vital role in the talent acquisition process.
Shift
A shift is the designated period during which an employee is assigned to work, typically lasting eight hours with additional time allotted for breaks or a meal period.
Theory Z
A management theory developed by William Ouchi, describing the Japanese system of management characterized by workers' deep involvement in management, higher productivity than the U.S. management model, and a highly developed system of organizational and sociological rewards.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.