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Business, Management, Human Resources Dictionary: V

Find business, management and human resources terminology - the terms that begin with V 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
Vacation Days Policy
Paid vacation days are time off work an organization provides employees as a benefit. The number of paid vacation days is generally accrued by employees based on years of service to the organization.
Variable Pay
Variable pay is used generally to recognize and reward employee contribution toward company productivity, profitability, team work, safety, quality, or some other metric deemed important. Variable pay changes depending upon the circumstances. Learn more about variable pay.
Values
Values are traits or qualities that are considered worthwhile; they represent an individual’s highest priorities and deeply held driving forces. Values include qualities such as integrity, resourcefulness, achievement, and honesty.
Value Statements
Value statements are grounded in values and define how people want to behave with each other in the organization. They are statements about how the organization will value customers, suppliers, and the internal community. Value statements describe actions which are the living enactment of the fundamental values held by most individuals within the organization.
Vision
Vision is a statement of what the organization wants to become. It should resonate with all members of the organization and help them feel proud, excited, and part of something much bigger than themselves. A vision should stretch the organization’s capabilities and image of itself. It gives shape and direction to the organization’s future.

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