||Paired comparison is an appraisal method in which each employee is paired with every other employee and compared, one at a time, using the same scale for performance. Paired comparison refers to a job ranking method that allows evaluators to compare each job with other jobs being evaluated.
||Parachutes are clauses written into an executive's contract that provide special protection to key executives who might be subject to termination if another company took control of the organization through a merger or acquisition (also known as golden parachutes).
||Parallel bargaining is bargaining in which unions negotiate provisions covering wages and other benefits that are similar to those provided in other agreements within the industry or region (also known as pattern bargaining).
||Parent-Country Nationals (PCNS) are people working in a country other than their country of origin (also known as expatriates).
||Pareto chart is a bar graph used to rank in order of importance information such as causes or reasons for specific problems, so that measures for process improvement can be established.
||Part-time employee is an individual who continually works less than 40 hours per week (standard workweek hours are based on individual employer policy, therefore, a 40-hour workweek is only a guideline; this number could be higher or lower).
||Participative management is a management style, developed by Motorola that involves employees in the decision-making process.
||Patents protect a unique product development and allow the individual or entity that developed the new product or process to hold exclusive rights for a specified period, usually seven years.
||Pattern bargaining is bargaining in which unions negotiate provisions covering wages and other benefits that are similar to those provided in other agreements within the industry or region (also known as parallel bargaining).
||Pay adjustment refers to any change made to the pay rate of an employee, such as an increase or decrease to the rate of pay.
||Pay compression occurs when there is only a small difference in pay between employees regardless of their skills or experience (also known as salary compression). This occurs when the market-rate for a given job outpaces the increases historically given by the organization to high tenure employees resulting in newcomers needing to be offered as much or more than senior professionals in order to meet staffing requirements.
||Pay grades are used to group jobs together that have approximately the same relative internal worth and are paid at the same rate or rate range (also known as job grades).
||Pay ranges are associated with pay grades; they set the upper and lower bounds of possible compensation for individuals whose jobs fall in the range.
||Pay structures are pay relationships among the different jobs within a single organization.
||Pay surveys report data on prevailing market rates for various jobs and professions.
||Pay-for-performance establishes a direct relationship between employees' performance of their work and the pay they receive.
||PCNs (Parent-Country Nationals) are people working in a country other than their country of origin (also known as expatriates).
||Pedagogy is the study of how children learn.
||Performance appraisal refers to a periodic review and evaluation of an individual's job performance.
||Performance diary is an anecdotal record, kept by the supervisor, of critical incidents or tasks that are performed by employees.