Glossary of HR Terms starting with Alphabet F
Face validity: Making a decision regarding the appropriateness of a test or other assessment instrument based on appearance rather than objective criteria.
Facilitator: A trainer who assists a group in learning or reaching a specific goal by directing and controlling the group process and allowing the group to work collectively to resolve problems and come up with solutions.
Fact finding: The process of utilizing an impartial third party, not employed by the organization, to examine all pertinent facts surrounding a complaint.
Fact-finding conference: An informal meeting directed by the EEOC to settle discrimination complaints between an employer and the plaintiff.
Factor comparison method: A job comparison process involving ranking each individual job by certain selected compensable factors to establish appropriate values to be used in determining pay rates.
Factor weight: Used in the job evaluation process, it is the process of assigning a weight ti compensable factors to determine their relative worth.
Fair representation: The term means that a union’s conduct may not be arbitrary, discriminatory, or in bad faith.
Family-friendly: A policy or practice designed to help families spend more time together and/or enjoy a better quality of life.
Fast-trackers: A term used to describe employees who have exhibited strong potential for promotion and are being primed for higher level professional or technical positions within the organization.
Fat organization: An organization with a structure consisting of several layers of management.
Feasibility study: A study designed to discover if a business, product, project or process justify the investment of time, money and other resources.
Featherbedding: An unfair labor practice occurring when a union requires an employer to pay an employee for services he or she did not perform OR when unions try to require the employment of more workers than is necessary.
Federation: A group of autonomous national and international unions.
Feedback: The amount of clear information received about how well or how poorly one has performed.
Fetal protection policies: Attempts to protect the fetus from workplace hazards.
Field interview: An employment interview conducted away from the employer’s actual work site.
Final-pay formula: Type of formula used to determine retirement plan payments based on the average earnings during a specified number of years.
Financial statement: A report containing financial information derived from an organizational accounting record.
First-impression error: Type of interviewer bias; the interviewer makes snap judgments and lets his or her first impression (either positive or negative) cloud the entire interview.
Flexible benefits plan: One that allows employees to select the benefits they prefer from groups of benefits established by the employer.
Flexible spending account: Account that allows employees to contribute pretax dollars to buy additional benefits.
Flexible staffing: Use of recruiting sources and workers who are not employees; also known as alternative staffing.
Flextime: A scheduling arrangement in which employees work a set number of hours per day but vary starting and ending times.
Focus group: A small group of employees (normally six to twelve) invited to actively participate in a structured discussion with a facilitator.
Forced distribution: Performance appraisal method in which ratings of employee’s performance are distributed along a bell-shaped curve.
Forecasting: Identifying expected future conditions based on information form the past and present.
Fringe benefits: Compensation for employment other than wages or salary, including for example annual and sick leave, medical insurance, life insurance, retirements benefits, profit sharing, bonus plans, etc.
Front pay: Compensation for estimated future economic loss; generally calculated based on the difference between the discrimination victim’s current pay (or for a rejected applicant, the pay he/she should have received) and the pay associated with his/her rightful place.