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Monday, February 21, 2011

HR Glossary

Discrimination

The favoring of one group of people to the detriment of others.

Distributive bargaining

Related to the process of Negotiation. Known also as Competitive bargaining – The parties are concerned with their respective shares of the benefits available and compete and conflict with each other until one side wins an increased share at the expense of the other.

Dual Labor Markets

Organizations will operate with a small Core Labor Force and a Peripheral Labor Force

Due diligence

A critical component of mergers and acquisitions, it is the process by investigation and evaluation is conducted to examine the details of a particular investment or purchase by obtaining sufficient and accurate information or documents which may influence the outcome of the transaction.