Terms Ch 11 - affirmative action programs Legally mandated...

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affirmative action programs Legally mandated plans that try to increase job opportunities for minority groups by analyzing the current pool of workers, identifying areas where women and minorities are underrepresented, and establishing specific hiring and promotion goals, with target dates, for addressing the discrepancy. arbitration A method of resolving labor and management differences in which a third party is brought in to settle the dispute and whose solution is legally binding and enforceable. benefits Nonfinancial forms of compensation provided to employees, such as pension plans, health insurance, paid vacation and holidays, and the like. bonuses Monetary rewards offered by companies for exceptional performance as incentives to further increase productivity. boycott A labor tactic that attempts to keep people from purchasing the products of a company. collective bargaining The negotiation process through which management and unions reach an agreement about compensation, working hours, and working conditions for the bargaining unit.
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This note was uploaded on 03/12/2011 for the course BUSINESS 300 taught by Professor Reynolds during the Fall '10 term at Los Rios Colleges.

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Terms Ch 11 - affirmative action programs Legally mandated...

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