Answer :
- Attrition: Gradual reduction in workforce due to resignations, retirements, or deaths.
- CECEM Principle: Management guideline emphasizing Consistency, Equality, Corrective measures, Efficiency, and Monitoring.
- Constructive Criticism: Feedback aimed at improving skills or behavior, given in a supportive manner.
- Consumer Price Index (CPI): Measure of average price change for goods and services.
- Exempt: Employees not entitled to overtime pay under FLSA criteria.
- FLSA: Federal law establishing minimum wage, overtime pay, and other labor standards.
- Formal Evaluation: Structured assessment of employee performance against criteria.
- Hiring Specification: Detailed job requirements used in recruitment and selection.
- Informal Evaluation: Ongoing, less structured assessment of performance.
- Nonexempt: Employees entitled to overtime pay under FLSA criteria.
- Attrition refers to the gradual reduction in the size or strength of a workforce or membership, typically due to resignation, retirement, or death.
- CECEM principle stands for "Consistency, Equality, Consistency, Equality, Corrective measures, Efficiency, and Monitoring." It is a guiding principle in management emphasizing fairness, accountability, and continuous improvement.
- Constructive criticism is feedback or advice that is intended to help improve or develop a skill, behavior, or work product, often given in a supportive and non-threatening manner.
- Consumer Price Index (CPI) measures the average change over time in the prices paid by urban consumers for a basket of goods and services, used to gauge inflation or deflation in an economy.
- Exempt refers to employees who are not entitled to overtime pay under the Fair Labor Standards Act (FLSA) because they meet certain criteria related to job duties, salary level, and salary basis.
- FLSA stands for the Fair Labor Standards Act, a federal law in the United States that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards affecting full-time and part-time workers in the private and public sectors.
- Formal evaluation is a structured assessment process conducted by an organization or employer to measure an employee's performance against predetermined criteria, often involving performance appraisals or reviews.
- Hiring specification is a detailed description of the qualifications, skills, experience, and other attributes required for a specific job position, used as a guideline in the recruitment and selection process.
- Informal evaluation refers to the ongoing assessment of an individual's performance or progress in a less structured or official manner, often through informal feedback, observation, or discussions.
- Nonexempt refers to employees who are entitled to overtime pay under the Fair Labor Standards Act (FLSA) because they do not meet certain criteria related to job duties, salary level, and salary basis.