Dictionary-of-Human-Resources-Management

the British equivalents are the building
societies)
COMMENT: Because of deregulation of
interest rates in 1980, many S&Ls found
that they were forced to raise interest on
deposits to current market rates in order
to secure funds, while at the same time
they still were charging low fixed-interest
rates on the mortgages granted to borrowers.
This created considerable problems
and many S&Ls had to be rescued
by the Federal government.
SAYE abbr save-as-you-earn
scab /skb/ noun an employee who
goes on working when there is a strike
(informal.)
scalar /skeIlə/ adjective working according
to a scale
scalar principle /skeIlə
prInsIp(ə)l/ noun the principle that
employees should only communicate
with their seniors through the established
hierarchy
scale /skeIl/ noun a system which is
graded into various levels scale of
salaries a list of salaries showing
different levels of pay in different jobs
in the same company
scale down /skeIl daυn/ verb to
lower in proportion
scale up /skeIl p/ verb to increase
in proportion
Scanlon plan /sknlən pln/ noun
a type of gain sharing plan that pays a
bonus to employees when they improve
their performance or productivity by a
certain amount as measured against a
previously established standard
schedule /ʃedjul/ noun 1. a timetable,
a plan of time drawn up in advance
The managing director has a busy
schedule of appointments. Her secretary
tried to fit me into her schedule.
on schedule at the time or stage set
down in the schedule The launch took
place on schedule. to be ahead of
schedule to be early The building was
completed ahead of schedule. to be on
schedule to be on time The project is
on schedule. to be behind schedule to
be late I am sorry to say that we are
three months behind schedule. to
have a heavy schedule of meetings to
have a large number of meetings arsales
target 232 schedule
products or services to customers We
have six sales representatives in Europe.
They have vacancies for sales
representatives to call on accounts in
the north of the country.
sales target /seIlz tɑɡIt/ noun the
amount of sales a sales representative is
expected to achieve
saleswoman /seIlzwυmən/ noun 1.
a woman who sells an organisation’s
products or services to customers 2. a
woman in a shop who sells goods to
customers (NOTE: plural is
saleswomen)
sandwich course /sndwItʃ kɔs/
noun a course of study where students at
a college or institute spend a period of
time working in a factory, office or
other organisation as part of gaining
their qualification
satisfaction /stIsfkʃən/ noun a
good feeling of happiness and contentment
He finds great satisfaction in the
job even though the pay is bad.
satisfy /stIsfaI/ verb 1. to give satisfaction
or to please to satisfy a client
to make a client pleased with what
they have purchased 2. to fill the requirements
for a job (NOTE: satisfies –
satisfying – satisfied)
save-as-you-earn /seIv əz ju
n/ noun a scheme where employees
can save money regularly by having it
deducted automatically from their
wages and invested in National Savings.
Abbr SAYE
savings account /seIvIŋz əkaυnt/
noun an account where you put money
in regularly and which pays interest, often
at a higher rate than a deposit
account
savings and loan (association)
/seIvIŋz ən ləυn əsəυsIeIʃən/ noun
US a financial association which accepts
and pays interest on deposits from
investors and lends money to people
who are buying property. The loans are
in the form of mortgages on the security
of the property being bought. S&Ls are
regulated by the Office of Thrift Supervision
and are protected by the Savings
Association Insurance Fund. Abbr S&L
(NOTE: the S&Ls are also called thrifts;