Glossary of HR Terms starting with Alphabet L
Labor contract: Legal agreement between an employer and a labor organization for the purpose of regulating certain work-related issues.
Labor force: The number of employed individuals in the civilian workforce and armed services.
Labor force population: All individuals who are available for selection if all possible recruitment strategies are used.
Labor markets: The external sources from which organizations attract employees.
Labor productivity: The correlation between a given output and the percentage of labor time used to produce the output.
Layoff: A temporary termination of employees, or the elimination of jobs, during periods of economic downturn or organizational restructuring.
Leading: The management function that involves the manager’s efforts to stimulate high performance by employees.
Leadership: The process, by which an individual determines direction, influences a group and directs the group toward a specific goal or organizational mission.
Leadership and knowledge management system: A system that ensures continuity of leadership by identifying and addressing potential gaps in effective leadership and implements and maintains programs that capture organizational knowledge and promote learning.
Leadership development: Formal and informal training and professional development programs designed for all management and executive-level employees to assist them in developing the leadership skills and styles required to deal with a variety of situations.
Leadership development program: A program whose purpose is to ensure:
- Current leaders continue to develop and “grow” the knowledge and skill necessary to effectively lead the organization, and
- when a leader leaves a job, an equally talented and prepared employee in the organization is ready to step in and assume the responsibilities of the position. A leadership development program might also be designed to ensure that the organization has a recruitment strategy in place to attract the type of person needed for the leadership position. Successful leadership development programs are typically based on a well-defined set, or model, of leadership competencies.
Leave sharing: A leave program allowing employees to donate unused sick leave to a coworker who has exhausted all available sick leave and is out due to a long-term illness or injury.
Libel: Defaming or harming an individual’s reputation in writing.
Lie detector test: Measures a person’s respiration, blood pressure, and perspiration while they are asked a series of questions; the outcome is a diagnostic opinion about honesty; also called polygraph test.
Life activities: Functions such as caring for oneself, performing manual tasks, walking, seeing, hearing, speaking, breathing, learning,and working.
Life-and career-planning activities: Activities that help people identify their life and career objectives.
Line manager: An employee responsible for activities that directly involve the organization’s products or services, either in their creation or in getting them to customers.
Litigation: A legal proceeding occurring in a federal or state court of law to determine and enforce legal rights.
Living wage: A wage rate that is sufficient for a worker and his or her family to exist comfortably.
Lockout: Shutdown of company operations undertaken by management to prevent union members from working.
Long-term orientation: Dimension of culture that refers to values people hold that emphasize the future, as opposed to short-term values focusing on the present and the past.
Lower management: The lowest level of management; including office managers, sales managers, supervisors, and other first-line managers. Also called the operational level.
Lost workdays: Refers to the particular number of days an employee is absent from work due to an injury or illness or the number of days which the employee is on restricted duty.
Lump-sum payment: A fixed negotiated payment that is not typically included in an employee’s annual salary; often times given in lieu of pay increases.
Lump-sum increase: A one-time payment of all or part of a yearly pay increase made to an employee; often called a performance bonus.