Business, Management, Human Resources Dictionary: V

Want to know more about paid vacation days? Paid vacation days are time off work provided to employees as a benefit. Paid vacation days are generally accrued by employees based on years of service to the organization.

Your value add is the real contribution you make to your organization’s success. While doing the activities listed in your job description or your job specification is important and makes a contribution, your value add moves beyond activities or actions performed and illuminates, instead, the actual contributions you made to your organization’s success.

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.

Values are traits or qualities that you consider not just worthwhile, they represent an individual's or organization's highest priorities, deeply held beliefs, and core, fundamental driving forces. Values or guiding principles define what your organization believes and how you want your organization resonating with and appealing to employees and...

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.

Supervisors issue a verbal warning to an employee when poor performance warrants a disciplinary action more severe than supervisory coaching or counseling.

The vice president is an officer of an organization in the private sector ( business) or the public sector who reports to (is below) the president, and usually functions as the second in command in rank within the organization. According to Wikipedia, the name, vice president, comes from the Latin vice meaning “in place of.” Find out more about...

Vision insurance is a lower cost addition to a comprehensive benefits package for employees that is provided by employers. Vision insurance is often an optional addition to a comprehensive health policy. Vision insurance pays for employees to have regular vision examinations and pays for a percentage of the cost of corrective equipment to treat...

A vision is a picture of your organization's desired future expressed in a way that resonates with all members of the organization. The vision is shared with employees, customers, shareholders, vendors, and candidates for employment and creates shared meaning about what your organization wants to become. Learn more about what a vision is at it...