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Business, Management, Human Resources Dictionary: O

Find business, management and human resources terminology - the terms that begin with O in the glossary.

Glossary Index: A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z

Occupational Outlook Handbook

The Occupational Outlook Handbook is a nationally recognized source of career and job information, designed to provide valuable assistance to individuals making decisions about their future work lives.

Open Door Policy: Definition for the Human Resources Glossary

An open door policy means, literally, that every manager's door is open to every employee. The purpose of an open door policy is to encourage open communication, feedback, and discussion about any matter of importance to an employee.

Optimism

Optimism is the propensity to look at the bright side of any situation and expect the best possible outcome from any series of events.

Oganizational Chart

An organizational chart is a visual communication tool. The organizational chart allows employees and other stakeholders to see the reporting relationships in an organization. The organizational chart is a reflection of your organization’s culture.

Organizational Culture

Culture is made up of the values, beliefs, underlying assumptions, attitudes, and behaviors shared by a group of people. Culture is the behavior that results when a group arrives at a set of - generally unspoken and unwritten - rules for working together. An organization’s culture is made up of all of the life experiences each employee brings to the organization.

Orientation

New employee orientation is the process for welcoming a new employee into your organization. New employee orientation, often spearheaded by a meeting with the Human Resources department, generally contains information about safety, the work environment, the new job description, benefits and eligibility, company culture, company history, and anything else relevant to working in the new company.

Outsourcing

Outsourcing is paying a second party to perform one or more of your internal processes or functions. Business process outsourcing of certain functions is an increasingly popular way to improve basic services while allowing HR professionals time to play a more strategic role in their organizations. Frequently outsourced: payroll, 401(k) administration, employee assistance, and retirement planning.

Overtime

Overtime is considered to be hours that a nonexempt employee works over 40 hours during a work week. Learn more about overtime.
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