Business, Management, Human Resources Dictionary: M

Management Development is the overall concept or terminology that describes the many ways that organizations help employees develop their personal and organizational skills, either as managers or with a management job in mind. Management development includes opportunities for employees to develop their skills. Management development encompasses...

Management style is how you approach your role and relationship with the employees who report to you. Your management style is situational depending on a number of factors. Learn more about management style and how to adapt your style as needed.

The best description that I've seen recently for what a manager does or should do, from the Harvard Business Review, is "Management is responsibility for the performance of a group of people." My traditional definition echoes a similar role: A manager is responsible for overseeing and leading the work of a group of people. But, what else does...

Managing human resources refers to the functions that a manager performs relative to the organization's employees. Managing human resources includes, but is not limited to these functions. Learn more about managing human resources.

The employee medical file is the repository for everything that has to do with health, health benefits, employee health-related leave, and benefits selections and coverage for the employee. Because the medical file contains sensitive and confidential information, it must reside in a safe, locked, inaccessible location. Access to employee medical...

The medicare tax is a payroll tax that must be withheld from an employee's paycheck by an employer. The medicare tax is one part of the employer's obligation to withhold FICA taxes which also include social security taxes. Employers pay a matching percentage of FICA taxes. Self-employed individuals pay the whole amount of medicare and social security taxes. Find out more about medicare taxes.

A meeting agenda is critical to a successful meeting. Need a guide to how to develop an effective meeting agenda? Here's what makes up an effective agenda.

Curious about the role and responsibilities of a meeting leader? The meeting leader is a critical factor in whether meetings are successful. Find out more about meeting leaders.

What are meeting minutes? Why are they important when people or teams meet? Find out more about meeting minutes.

The notetaker documents decisions, action items, next steps and more in a meeting. The notetaker role is critical for developing shared team memory.

A mentor is an employee who participates in a formal or informal relationship that is established between an experienced, knowledgeable employee and an inexperienced or new employee. Learn more about what a mentor is and what a mentor does.

Mentoring is a formal or informal relationship established between an experienced, knowledgeable employee and an inexperienced or new employee. The purpose of mentoring is to help the new employee quickly absorb the organization’s cultural and social norms. Mentoring assists an employee, new to a job or responsibility, to quickly learn what they...

Merit pay is used generally to recognize and reward employee contribution toward company productivity, profitability, team work, safety, quality, or some other metric deemed important. Merit pay changes depending upon the circumstances. Learn more about merit pay.

The IRS mileage reimbursement rate is an optional rate, recommended by the Internal Revenue Service in the U.S., that is used to calculate the deductible costs of operating an automobile for business, medical, charitable, or moving purposes. The IRS mileage reimbursement rate is adjusted depending on the IRS-determined cost of operating a motor vehicle.

Interested in knowing more about millennials or generation Y? These are the employees you are hiring now. They are recently out of college and ready to perform.

The federal minimum wage for covered nonexempt employees is $5.15 an hour. The federal minimum wage provisions are contained in the Fair Labor Standards Act (FLSA). Many states also have minimum wage laws.

A mission is your expression of what it is that your organization does. Your mission tells a customer, employee, shareholder, vendor or interested job candidate exactly what you are in business to do. Learn more about what a mission is at it relates to corporate or organizational strategic planning.

Mobility indicates a worker's ability to physically move around freely in the workplace to accomplish work. Mobility also refers to a worker's ability to take advantage of various job opportunities, including the ability to relocate, move to a superior job position, commute a particular distance to work daily, or change positions due to family and civic responsibilities. Some impediments to the …

Want to encourage and inspire motivation? Motivation is an employee’s intrinsic enthusiasm about and drive to accomplish activities at work. Every employee has activities, events, people, and goals in his or her life that he or she finds motivating. So, motivation about some aspect of life exists in each person. The trick for employers is to...