Dictionary-of-Human-Resources-Management

independent 135 individualism
independent /IndIpendənt/ adjective
not under the control or authority of
anyone else
independent audit /IndIpendənt
ɔdIt/ noun an audit carried out by an
auditor who is independent and not employed
by the company
independent company
/IndIpendənt kmp(ə)ni/ noun a
company which is not controlled by another
company
independent contractor
/IndIpendənt kɒntrktə/ noun a
self-employed person who works for a
company, and is paid a fee for providing
a service, but is not paid a salary
independent trader /IndIpendənt
treIdə/, independent shop
/IndIpendənt ʃɒp/ noun a shop which
is owned by an individual proprietor,
not by a chain
in-depth study /In depθ stdi/
noun a thorough painstaking study
index /Indeks/ noun 1. a list of
items classified into groups or put in
alphabetical order 2. a regular statistical
report which shows rises and falls in
prices, values or levels verb to link a
payment to an index salaries indexed
to the cost of living
indexation /IndekseIʃ(ə)n/ noun
the linking of something to an index
indexation of wage increases
/IndekseIʃ(ə)n əv weIdʒ InkrisIz/
noun the linking of wage increases to
the percentage rise in the cost of living
index-linked /Indeks lIŋkt/ adjective
which rises automatically by the
percentage increase in the cost of living
index-linked government bonds Inflation
did not affect her as she has an
index-linked pension.
‘…two-year index-linked savings certificates
now pay 3 per cent a year tax free, in addition to
index-linking’ [Financial Times]
indicator /IndIkeItə/ noun something
which indicates
‘…we may expect the US leading economic
indicators for April to show faster economic
growth’ [Australian Financial Review]
indifference /IndIf(ə)rəns/ range
of indifference
indirect /IndaIrekt/ adjective not
direct
indirect compensation /IndaIrekt
kɒmpənseIʃ(ə)n/ noun a non-financial
benefit given by a company to its employees
(such as sports facilities, a company
car or health insurance)
indirect costs /IndaIrekt kɒsts/
plural noun costs which are not directly
related to the making of a product (such
as cleaning, rent or administration)
indirect discrimination
/IndaIrekt dIskrImIneIʃ(ə)n/ noun
discrimination that takes place when,
although people seem to be being
treated equally, there is actually some
special condition attached to getting a
job, which rules out some of the people
who are qualified to apply for it and
which cannot be justified under
anti-discrimination laws
indirect labour /IndaIrekt leIbə/
noun employees who are not directly related
to the production of the product
indirect labour costs /IndaIrekt
leIbə kɒsts/ plural noun the cost of
paying employees not directly involved
in making a product such as cleaners or
canteen staff. Such costs cannot be allocated
to a cost centre.
indirect taxation /IndaIrekt tk-
seIʃ(ə)n/ noun taxes (such as sales tax)
which are not paid direct to the government
The government raises more
money by indirect taxation than by
direct.
individual /IndIvIdʒuəl/ noun one
single person a savings plan tailored
to the requirements of the private individual
adjective single or belonging
to one person a pension plan designed
to meet each person’s individual
requirements
individual incentive scheme
/IndIvIdʒuəl InsentIv skim/ noun a
payment scheme whereby an individual
is rewarded for improvements in their
work
individualism /IndIvIdʒuəlIz(ə)m/
noun the belief that society flourishes if
each individual is responsible only for
themselves and their family (NOTE: the
opposite is collectivism)