Recruitment (Vocabulary: Business Terms)

RECRUITMENT (Vocabulary: Business Terms)

Recruitment is the process of finding suitable candidates to fill a position in a company. Steps include:

• identifying and spelling out the need;
• attracting candidates (by word of mouth or some times by advertising);
• interviewing and selecting the right candidate; and
• hiring and bringing the person onto staff.

In larger companies this may be done by the Human Resources ("HR") Department. The next step will probably be training. A person who has just been recruited might be called a "new recruit."

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Recruiting techniques may include:

• Internal recruitment: hiring current employees to a new position;
• External recruiters: Hiring professionals to find your ideal candidates;
• Career fairs (also called "job fairs"): Attending events where candidates meet with representatives of several companies;
• Campus recruiting: Like a job fair for hiring soon-to-be graduates.

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The Glass Ceiling (Idiom)

THE GLASS CEILING (Idiom)

A "glass ceiling" is a metaphor for a form of discrimination in which a group--usually women, but also people of color--is subjected to unstated, "invisible" barriers: limitations to their advancement in a company, educational program, etc. People of East Asian descent are sometimes said to face a "bamboo ceiling."

One scholar says that a true glass ceiling must have four characteristics:

1. the limitation can not explained by other insufficiencies of the employee
2. the limitation is greater at higher levels of possible advancement 
3. the limitation applies to chances for advancement, not just actual advancements
4. the limitation increases over the course of a career

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Globalization (Vocabulary: Business Terms)

GLOBALIZATION (Vocabulary: Business Terms)

Globalization is a process in which people, companies, and governments interact and integrate worldwide. Its roots lie in the increase in travel, transportation and communication that began 200 years or so ago. Mainly an economic process, it has also had vast cultural and political consequences. While largely positive, it has also resulted in some important negative effects: loss of control by local communities, loss of jobs in more developed economies and an increase in "sweat shop" industries globally, faster spread of disease, greater opportunities for terrorism, an increased "income gap" between countries, a "domino effect" in supply chain disruptions, and so on. Despite all this (and the increasing isolationism in some countries) it seems that globalization is here to stay.

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e- combining form (Vocabulary: Business Terms)

E- COMBINING FORM (Vocabulary: Business Terms)

With over four billion accounts worldwide, it's safe to say that everyone knows what e-mail (or email) is. But did you know that the e- stands for "electronic"? (Although sometimes it stands for "electric," as in "e-bike.") That abbreviation was coined as early as 1971, and the e- combining form has been used in numerous words since, including such common ones as e-commerce, e-book, and the auction site eBay, as well as around 300 more, many of which you may never have heard of: e-hug, for example, or e-skin. Some e- words are more commonly used with the prefix "cyber-": cybercrime rather than e-crime, or cyberwarfare instead of e-warfare.

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