Based on available data, skills, experience, and knowledge of the estimator, a cost estimation is methodically obtained.

A statistical model. Derived by calculating the number of times an event occurs to the number of possible times it could occur, and expressing that results as a ratio. Used […]

A statistical rule for a normal distribution . Declares that most values will be within 3 standard deviations of the mean. Known also as 689599.7 rule or three sigma rule.

In Spanish law. A summons or citation, issued by authority of ajudge, requiring the person to whom it is addressed to appear before the tribunal at adesignated day and hour.

To indict; to prefer a charge against; to accuse.

In French law . Equitable conversion . When property covered by the rigimcdotal is sold, the proceeds of the sale must be reinvested for the benefit of the wife. Itis […]

To engage in one’s service; to use as an agent or substitute iu transactingbusiness; to commission and intrust with the management of one’s affairs; and, whenused in respect to a […]

This signifies both the act of doing a thing and the being under contractor orders to do it. U. S. v. Morris, 14 Pet. 475, 10 L. Ed. 543; U. […]

UK term for an individual whose compensation and benefits are taxable, and who is works regularly, full-time or part-time.

US term. Persons who work regularly at the same job a minimum of one hour for compensation and benefits, or minimum of 15 hours of unpaid work in a family […]

This word “is from the French, but has become somewhat naturalized in our language. Strictly and etymologically, it means ‘a person employed,’ but, in practice in the French language, it […]

An assistance and support service , confidential , for each individual . In situations where alcoholism, family disintegration, financial or legal difficulties, marital problems, and substance abuse exists, this program […]

Provided by the employer for expenses such as medical care, death, or disability, to an employee. Benefits are often part of compensation .

Typically indirect, non-cash assistance given to an employee. May be mandated by law, for example social security , unemployment and workers compensation . Can vary from firm to firm or […]

All company employees are allowed to end their relationship with the company for a specified amount of money, usually a lump sum. It may or may not involve management. See […]

Proof an employee has this insurance coverage, typically as a member of group plan. By law, this must be in print form, consisting of a short outline of the plan’s […]

Money paid to fund a deferred benefit like a pension annuity, in part or in full, by an employee.

Providing learning and training facilities, encouraging employees to gain new or advanced skills, knowledge, and viewpoints, as well as the opportunities to apply gained. Motivational compensation for an employee who […]

An act of deceit by an employee. An employer suffers some loss caused by any false, deceiving act by an employee having this disposition .

Insurance coverage for any loss of money or intellectual or physical property caused by an employee’s dishonesty. This is actually a form of a fidelity bond that is a commercial […]

Mental, emotional, and motivational connection an employee has towards the employing organization . It can be positive or negative. This is a gauge of an employee willingness to strive for […]

Based on the thinking that people involved in a process know it best, regular participation of employees in several planning and execution areas occur. Major areas are: (1) deciding how […]

Subscribing firm arranges a leasing firm, specialings in human resource management , payroll accounting, and risk administration , to take on the subscriber’s employees, then lease the employees back. The […]

A measure seeking positive, confident, satisfied employees. Involves the overall viewpoint of employees while at work in the work environment . Includes employee emotions, attitude, satisfaction . The morale of […]

A program that offers retirement benefits or defers income until the employee is terminated. Created and maintained by the employer.