Dictionary-of-Human-Resources-Management

press cutting agency 205 private
club. After many years on the board,
A.B. Smith has been appointed president
of the company.
COMMENT: In the UK, president is sometimes
a title given to a non-executive former
chairman of a company; in the USA,
the president is the main executive director
of a company.
press cutting agency /pres ktIŋ
eIdʒənsi/ noun a company which cuts
out references to clients from newspapers
and magazines and sends them on
to them
press the flesh /pres ðə fleʃ/ verb
to shake hands with people at a business
function (informal.)
pressure /preʃə/ noun something
which forces you to do something to
put pressure on someone to do something
to try to force someone to do
something The banks put pressure on
the company to reduce its borrowings.
prevention /prIvenʃən/ noun steps
to prevent something happening
preventive measure /prIventIv
meʒə/ noun an action taken to prevent
something from taking place
previous /priviəs/ adjective which
happens earlier or which existed before
List all previous positions with the
salaries earned.
price /praIs/ noun money which has to
be paid to buy something verb to give
a price to a product We have two used
cars for sale, both priced at £5,000. to
price oneself out of the market to ask
for such a high salary that you cannot
get a job
‘…that British goods will price themselves back
into world markets is doubtful as long as sterling
labour costs continue to rise’ [Sunday Times]
price ceiling /praIs silIŋ/ noun the
highest price which can be reached
price cutting /praIs ktIŋ/ noun a
sudden lowering of prices
price structure /praIs strktʃə/
noun a way in which prices are arranged
for a series of products
pricing policy /praIsIŋ pɒlisi/
noun a company’s policy in giving
prices to its products Our pricing policy
aims at producing a 35% gross
margin.
primary /praIməri/ adjective basic
‘…farmers are convinced that primary industry
no longer has the capacity to meet new capital
taxes or charges on farm inputs’
[Australian Financial Review]
primary boycott /praIməri
bɔIkɒt/ noun US pressure put on an
employer by workers directly involved
in an industrial dispute. secondary
boycott
primary group /praIməri ɡrup/
noun a group which is small enough to
allow the members to interact
informally
primary industry /praIməri
Indəstri/ noun an industry dealing with
basic raw materials such as coal, wood
or farm produce
primary labour market /praIməri
leIbə mɑkIt/ noun a market for
workers with specific skills
primary negotiating demands
/praIməri nəɡəυʃieItIŋ dImɑndz/
plural noun initial demands made by
one side in a negotiation, which are in
fact not negotiable
primary sector /praIməri sektə/
noun industries dealing with basic raw
materials (such as coal, wood or farm
produce)
principal /prInsIp(ə)l/ noun 1. a person
or company that is represented by
an agent 2. money invested or borrowed
on which interest is paid to repay
principal and interest We try to repay
part of principal each month. (NOTE: do
not confuse with principle) adjective
most important The company’s principal
asset is its design staff.
‘…the company was set up with funds totalling
NorKr 145m with the principal aim of making
capital gains on the secondhand market’
[Lloyd’s List]
principle /prInsIp(ə)l/ noun a basic
point or general rule in principle in
agreement with a general rule agreement
in principle agreement with the
basic conditions of a proposal
priority /praIɒrIti/ noun to have
priority to have the right to be first
private /praIvət/ adjective 1. belonging
to a single person, not to a company
or the state a letter marked ‘private
and confidential’ a letter which must