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BUSINESS DICTIONARY
The Letter J

Term
Definition
Knowledge Area
YouTube Video
Job Analysis
Process of examining job components to inform HR decisions
HR
Job Board
Website or platform listing available jobs
Recruitment
Job Classification
Grouping jobs into categories based on responsibilities
HR
Job Description
Document outlining duties and responsibilities of a position
HR
Job Enlargement
Expanding the number of tasks in a job for variety
HR or Organizational Dev
Job Enrichment
Enhancing a job to increase motivation and satisfaction
HR or Leadership
Job Evaluation
Assessing the value of a job to determine appropriate pay
HR or Compensation
Job Market
Overall demand and supply for employment in the economy
Economics or HR
Job Offer
Proposal of employment terms extended to a candidate
HR
Job Posting
Advertisement for an open position in a company
HR or Recruitment
Job Rotation
Moving employees between tasks to increase versatility and reduce boredom
HR or Training
Job Satisfaction
Employee’s emotional response to their work experience
HR
Job Security
Stability and assurance of continued employment
HR
Job Shadowing
Observing someone on the job to learn by example
Training or HR
Job Sharing
Two people sharing responsibilities of a single full-time role
HR or Flexible Work
Job Specification
Document detailing qualifications and skills needed for a job
HR
Job Tenure
Length of time an employee has been with an organization
HR
Joint Account
Financial account shared between two or more individuals or entities
Banking or Finance
Joint Liability
Legal responsibility shared by two or more parties
Legal or Finance
Joint Marketing Agreement
Two brands collaborating on promotional efforts
Partnerships or Marketing
Joint Product Pricing
Pricing strategy when products are produced together
Economics or Pricing
Joint Stock Company
Company owned by shareholders with transferable shares
Corporate Structure
Joint and Several Liability
Legal rule where each party can be held fully liable for obligations
Legal or Finance
Judgment Call
Decision made based on intuition or experience rather than hard data
Management
Judicial Precedent
Past court decisions used as a reference for legal compliance in business
Legal
Judicial Review
Court's evaluation of the legality of business decisions or policies
Legal or Regulatory
Junk Bond
High-yield, high-risk bond below investment grade
Finance or Investment
Just Cause
Legitimate reason for disciplinary action or dismissal
Legal or HR
Just Compensation
Fair payment for loss, especially in legal/employment contexts
Legal
Just-In-Time (JIT)
Inventory strategy to reduce storage by receiving goods as needed
Operations or Inventory
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