Glossary

Abandonment Rates

The number of potential employees who begin but do not complete a job application on a company’s applicant tracking system (applicant tracking system). When job seekers begin the process but then abandon it, the company has failed.

Absenteeism Policy

A policy governing attendance standards, planned and unscheduled time off, and workplace absenteeism metrics. Absenteeism on a regular basis might lead to dismissal.

Artificial Intelligence

Computer science branch dealing with making computers act like people. Artificial intelligence is lauded, but its capabilities are limited to a superhuman capacity to identify patterns in vast amounts of data. Artificial intelligence may be used in HR to reduce biases in decision-making.

Applicant Tracking System (ATS)

A software programme that started out as a means to manage electronic recruiting needs but has now grown to include the complete employee life cycle. For example, HR Executive activities like onboarding, training, and succession planning options are now available. Depending on the size and demands of the organization, an ATS may be deployed at the enterprise or small business level. Talent Management Systems are another name for Applicant Tracking Systems. For those in the field of HR Recruiting Agencies, an ATS saves time and improves efficiency and compliance.

Attrition

A steady voluntary decline in the number of employees (through resignation and retirement) who are not replaced, resulting in a reduction in the workforce size.

Background Screening / Pre-Employment Screening

Testing to verify that companies hire competent and trustworthy personnel, as well as that a potential employee is capable of fulfilling their duties. Criminal background checks, prior residences, age or year of birth, business affiliations, bankruptcies, liens, drug testing, skills evaluations, and behavioural assessments are all possible components of the screening. If a company outsources pre-employment screening, the federal Fair Credit Reporting Act mandates that a consent and disclosure form be included with the application.

Base Wage Rate (or Base Rate)

A job’s monthly pay or hourly income, excluding perks, bonuses, and overtime.

Benchmark Job

A popular employment in the workforce for which salary and other pertinent information are easily available. Pay comparisons and job assessments are done using benchmark jobs.

Behavioural Competency

Characteristics of a person’s conduct and personality. These serve as indicators of a person’s likelihood of success in the position for which they are applying. Employers or top Executive Search firms should identify what behavioural skills are required for the role ahead of time and develop interview questions to assess if the candidate possesses them.

Benefits (Benefits Package)

Benefits are a type of remuneration provided by employers to workers in addition to the salary or hourly rate of pay established by the employer. Employee benefits are a part of their entire remuneration package.

Blended Workforce

Permanent full-time, part-time, temporary, and independent contractors, all make up a workforce.

Business Continuity Planning

Broadly described as a management process aimed at identifying possible risks and impacts to an organization, as well as providing a strategic and operational framework for ensuring the company can survive any disturbance, interruption, or loss of regular business activities or operations.

Business Process Outsourcing (BPO)

A technology vendor manages an organization’s business applications.

BYOD (Bring Your Own Device)

A phrase that describes the rising tendency of employees owning gadgets such as smartphones, tablets, laptops, and other devices within a company. Many companies have regulations in place that restrict how employees use their personal devices at work.

Candidate Experience

A job seeker‘s impressions on a company’s employment application procedure. Applicant behaviour is important for a variety of reasons, including the impact they have on abandonment rates (the number of people who start but don’t finish a job application on the company’s applicant tracking system) and employer branding attitudes (the perception of an organization as an employer).

Candidate Relationship Marketing (CRM)

Recruiting software that aids in the management and communication of a big number of job seekers (organize, automate, and synchronize job candidate attraction). While an application tracking system (ATS) is for applicants, customer relationship management (CRM) software is for HR Recruiters and candidates. Customer Relationship Management (CRM) software assists marketing and sales teams in managing and automating customer and prospect data, interactions, and other tasks.

Career Pathing

The process through which an individual plots his or her career path, advancement, and development within a company.

Casual Employment

The practice of employing personnel on an as-needed basis, either to replace permanent full-time employees who are absent for short or extended periods of time, or to satisfy an employer’s increased staffing needs during busy seasons.

Change Management

A method for moving people or organisations from one state to another while managing and monitoring the transition. Change management can be done on an ongoing basis, on a regular schedule (such as an annual review), or on a program-by-program basis as needed.

Coaching

A technique for teaching a person or a group to improve their abilities or overcome a performance issue. A manager and a subordinate can coach each other, or an outside professional coach can coach one or more persons. There are several coaching approaches and models, but they all require attentive observation, accountability, and feedback on development and performance.

Co-Employment

The contractual sharing of risk and obligation for workers between a Professional Employer Organization (PEO), or employee leasing business, and an employer.

Cognitive Ability Testing

A testing tool designed to assess a candidate’s learning and reasoning ability throughout the selection process.

Collective Bargaining

To negotiate labor contracts, one or more unions meet with representatives from an organization.

Compensation

Within an organization, there are several pay schemes. It is possible to relate it to employee evaluations. When performance is properly monitored, compensation may be successfully controlled.

Competency-Based Pay

Competency-based pay, also known as skill-based pay or knowledge-based pay, is based on the types, breadth, and depth of abilities that employees acquire and use in their jobs.

Condition of Employment

Employees are required to follow an organization’s policies and work regulations in order to remain employed indefinitely.

Confidentiality Agreement

A contract between an employer and an employee that prohibits the employee from disclosing proprietary or private information.

Consultants

For a charge, an outside individual provides expert advice or services to businesses. Hire Glocal, Aon, Mercer, Hewitt, and Watson Wyatt are all large HR consulting businesses. Typically, large HR consulting firms deal with businesses with more than 1,500 workers.

Contingency Recruiting (Search)

Contingency recruiters work on the front lines of talent searches, representing either employers or job seekers. Firms that work on a contingency basis are not paid until an applicant is successfully placed.

Contract for Services

A contract for a specific job with a self-employed person.

Conversion Rate

The link between visitors to a website and activities termed ‘conversions,’ such as a sale or a request for further information, is characterized as a conversion rate. 

Core Competencies

A company’s unique combination of skills, experience, expertise, and abilities that set it apart from its competitors and provide it a competitive advantage. To achieve company objectives, employees need possess these traits.

Cost-Benefit Analysis

The capacity to calculate the expenses of a certain programme, initiative, or benefit. The overall benefit or value derived is then compared to the cost.

Cost-Per-Hire

The expenses of attracting and retaining top talent. Advertising, agency fees, relocation charges, and training costs are all examples of these expenses.

Data Breach

An event in which sensitive, protected, or confidential material was seen, stolen, or utilized by someone who wasn’t supposed to.

Deferred Compensation

Payment for services under any employer-sponsored plan or arrangement that permits an employee to postpone income (for tax reasons).

Developmental Counselling

A type of collaborative counselling in which managers or supervisors collaborate with subordinates to identify strengths and weaknesses, resolve performance-related issues, and devise and implement a suitable action plan.

Disability

Because of an accident or sickness, one is unable to execute all or part of one’s job obligations. This might be due to a disease, accident, or mental condition, and it does not have to be related to the work.

Disciplinary Procedure

When dealing with an employee who has broken the terms of employment in some way, a company commits to a defined approach. The organization may face risk discrimination or other legal accusations if this approach is not standardized and fair.

Discrimination

Favoritism for one set of individuals leads to unjust treatment of others.

Diversity

Individual and organizational traits, attitudes, beliefs, experiences, histories, interests, and actions are all examples of differences and similarities.

Due Diligence

The process of thoroughly studying the specifics of an investment or purchase in order to determine risk and possible value and return in mergers and acquisitions.

E-Recruitment

Web-based software that manages the different steps involved in hiring and onboarding new employees. Workforce planning, requisitioning, candidate acquisition, application monitoring, and reporting are examples of the work generally done by Recruitment Agency (regulatory or company analytics).

E-Learning

E-learning is a type of education that uses the Internet or other computer-related resources to provide information. In a flexible learning strategy, it delivers just-in-time information. For a blended learning strategy, e-learning can be coupled with face-to-face training.

Emotional Intelligence

Emotional Intelligence is the capacity to identify, analyze, and control one’s own and others’ emotions, according to Daniel Goleman’s book of the same name.

Employee Assessments

Employers can utilize tests to assist them choose the best candidates for vacant positions in pre-hire scenarios. These exams, which may sometimes be done online, can provide effective training for employees, help managers become more effective, and promote people into appropriate roles. Personality, aptitude, and skill evaluations are examples of assessments.

Employee Engagement

Employee engagement, often known as worker engagement, is a management concept in the workplace. An “engaged employee” is one who is totally invested in and excited about their work, and so acts in the best interests of their company.

Employee Relations

By efficiently and proactively interacting with workers, processing grievances/disputes, and so on, the employer-employee relationship is developed, maintained, and improved.

Employee Retention

Practices and regulations aimed at fostering a work climate that encourages employees to stay with the company, therefore lowering turnover.

Empowerment

Giving workers the resources, skills, and authority, they need to share power and make choices with management. Employees are then held accountable for their choices and, if appropriate, rewarded.

Enterprise Compensation Management (ECM)

Compensation process automation to aid businesses in the acquisition, administration, and optimization of their personnel.

ERP

A business management system that combines all aspects of the business, including production, sales, marketing, finance, and human resources, is known as ERP. This is not the same as best-of-breed HRIS applications, and the industry is still debating the advantages of one over the other. ERP appears to be losing ground against web-based solutions (ease of use, reduced prices), particularly in the mid-market.

Equal Employment Opportunity (EEO)

The Equal Employment Opportunity Commission enforces a policy statement that declares that all people are given equal consideration for jobs and that the employer does not discriminate based on race, colour, religion, age, marital status, national origin, handicap, or sex.

Equity Theory

People want to be treated equally, so they compare their own contributions to the workplace and the benefits they receive, to those of their co-workers to see if they are being treated properly.

Executive Coaching

A professional connection between a Coach and an Executive, or an Executive Team, is known as executive coaching. The objective is to help CEOs build good leadership skills. It is available in one-on-one sessions or over the Internet or with top Executive Search firms.

Executive Compensation

Compensation packages, also known as executive pay, are tailored to high-level workers and include things like base salary, bonuses, perquisites and other personal perks, stock options, and other compensation and benefit components.

Executive Search

Employers utilize a Manpower Agency or a Staffing Consultancy to help them identify and place applicants for senior-level management or professional roles.

Exit Interview

The final meeting between management and a departing employee, generally with someone from the HR department to obtain insights into work circumstances and possible modifications or remedies, information on why the employee is leaving is acquired.

Expatriate

An employee who is sent to a long-term job assignment overseas.

Factor Comparison

A methodical and scientific comparison that, rather than evaluating whole occupations, rates them according to a set of criteria. Mental effort, physical effort, required skill, responsibility, supervisory duty, working circumstances, and so on are some of these variables.

Flexible Work Arrangements

Employee schedules that allow them to fit their work hours around their personal obligations. Flextime, job sharing, telecommuting, and a shortened workweek are just a few examples. In recent years, home sourcing has become a popular flexible work idea. Employees work full-time from their homes under this arrangement.

Full-time Equivalent (FTE)

A figure that represents the number of full-time workers that could have been hired if the part-time employees’ reported hours had been worked by full-time employees instead.

Functional Job Analysis

A way of obtaining precise and comprehensive job information is functional job analysis. Job descriptions may be written using this information.

Gamification

Gamification in the workplace or HR refers to the practice of using game design features to make systems, procedures, or other employment-related tasks more entertaining and motivating. For instance, gaming features can be used to make a dull task like benefits enrolment more entertaining. Gamification has been used in various aspects of personnel management, including hiring, learning and development, employee surveys, and more.

Generation I

Children born after 1994 who are growing up in the Internet age are referred to as “digital natives.”

Generation X

Individuals born between 1965 and 1980 are referred to as “baby boomers.”

Generation Y

Individuals born between 1985 and the present are referred to as “millennial.”

Geographical Differential

Variations in compensation set for similar or identical occupations based on differences in labor and living costs among various geographic locations.

Goal Setting

An individual, team, or organization is given clear, attainable goals. Setting goals is a motivational strategy since employees frequently rise to the difficulties that are thrown at them.

Grievance

An employee’s complaint about suspected violations of the law or collective bargaining agreements, or unhappiness with working circumstances.

Gross Misconduct

A conduct so severe that it necessitates an employee’s instant firing. Fighting, inebriation, harassment of others, and stealing are only a few examples.

 HR Audit

Human resource effectiveness is measured on a regular basis by internal employees or via the use of an HR audit system.

HR Generalist

Rather than specializing on one role, an employee who is capable of doing several varied human resources functions generally working in the HR Department or in top Recruitment Agencies.

Human Capital

The ability of an organization’s employees to produce economic value through their combined skills, knowledge, and competences.

Human Capital Management

The difficulty of attracting and keeping quality individuals, as well as assisting new employees in integrating into a company. By providing competitive salaries, perks, and growth opportunities, the objective is to keep people contributing to the organization’s intellectual capital. Recruitment, compensation, benefits, and training are all important aspects of human capital management mainly taken care by the HR Recruiters.

Human Resource Information System (HRIS)

Human resource management software systems are business software systems that aid in the administration of human resource data (e.g. payroll, job title, candidate contact information). SAP and Peoplesoft are two of the biggest HRIS systems.

Human Resource Outsourcing (HRO)

Onboarding is one of the steps in the hiring process used by the best Recruitment Agencies. An agreement between an employer and a third-party provider in which the employer delegated responsibility and management of some HR, benefit, or training-related tasks or services to the external provider.

Immediate Dismissal

A dismissal that occurs without providing the employee any warning (typically as a result of the employee committing a crime, being intoxicated, or engaging in aggressive behaviour towards other employees).

Industrial Court

A court that may rule on industrial issues if both parties agree to have it do so.

In-House Training

Training provided to employees at their workplace.

Injury Benefit

An injury benefit is a compensation provided to an employee who has been injured on the job.

Interim Manager

An experienced manager who is called into work for a company temporarily, generally to cover a vacancy or to supervise a specific project.

Itinerant Worker 

A worker who travels from one location to another in search of work.

Job Analysis

The process of collecting information about a job’s criteria and required abilities in order to write a job description.

Job Board

An internet resource that keeps track of current job openings across a variety of sectors. Applicants can apply for job openings directly on the job board. Many job boards provide a number of extra services to assist job seekers in managing their careers and job search procedures.

Job Classification

A technique of job comparison evaluation that divides occupations into a predetermined number of grades, each with a class description and a salary range.

Job Description

Based on a job analysis, a written statement describing the responsibilities and requirements of a certain position. Specific essential responsibilities, as well as a summary of the role and who the person reports to, are typically included in the job description.

Job Evaluation

A comparison of one job to other occupations in a firm in order to determine fair pay.

Key Performance Indicators (KPIs)

Tasks that are critical to a company’s performance and, when measured, demonstrate whether the company is progressing toward its strategic goals.

KSAs

The knowledge, skills, and abilities that an employee must have in order to complete a job.

Keogh Plan

A private pension scheme that allows self-employed company owners and professionals to set up their pension and retirement plans.

Key-Person Insurance

A policy purchased to cover the costs of replacing an employee who is extremely essential to a company if they die or get unwell for an extended period.

Kickback

An unlawful commission paid to someone, usually a government official, who assists in a business transaction.

Knowledge-Based Assessment

The evaluation of an employee based on how much they know rather than their ability to use their knowledge.

Knowledge Worker

An employee whose worth to an organisation is derived from the knowledge, ideas, and expertise that they possess.

Labour Force Participation Rate

The ratio of the labour force (all those presently employed or looking for work) to the entire working-age population of the country.

Labour Market

Employers locate employees and people find employment in a geographic location (local, national, or worldwide) where labour transactions take place.

Leadership Development

Activities that improve leadership characteristics, whether formal or informal

Learning Management Software and Systems

A software platform designed to teach and educate people for corporations and organizations. Content distribution and other technologies required to administrate, evaluate, track, and report / analyse the performance of a company’s training programmes are common components. Learning management systems (LMS) are frequently cloud-based solutions that allow users to access training and other LMS material and capabilities via a regular web browser.

Learning Style

Learning styles are broad categories of behaviour that guide learning and teaching. They incorporate teaching approaches that are tailored to an individual’s learning style and are thought to help that person learn more effectively.

LIFO (Last In, First Out)

A technique of selecting who should be laid off that prioritizes the most recent recruits.

Loyalty Programs

Loyalty programmes that reward and promote loyalty. Employee Rewards and Recognition Programs are what these programmes are known as in the workplace.

Lump Sum Payment

A single substantial payment made to an employee rather than a series of smaller raises.

Machine Learning

Machine learning is an artificial intelligence (AI) technique that allows computers to learn without having to be explicitly programmed. A computer program’s capacity to discover patterns and correlations in data to forecast a certain result, such as who will quit a job, is an example in HR.

Managed Service Provider (MSP)

A business’s contingent worker programme (temporary staffing) is managed by an outsourced agency. It is made up of a group of people that assist the client firm in finding and managing temporary workers.

Median Wage

The difference in pay between the highest and lowest paid 50 percent of workers in a certain profession or occupation. It can account for severe outliers, making it more indicative of the average salary than a mean.

Mediation Services

A skilled third party is used to resolve an employment dispute. Because the third person lacks legal authority, he or she must rely on persuasion to resolve the conflict.

Mentoring

An informal training session between a more senior employee and a less experienced employee.

Merit Pay

Performance-related compensation gives bonuses or raises in base pay to employees who do their tasks well and according to measurable criteria.

Minimum Wage

The smallest amount an hourly employee can be paid by an employer. The federal government sets this rate.

Mission Statement

A description of an organization’s mission, including what it does, the markets it serves, and its future plans.

Mobile Recruiting

Using mobile technology to locate and communicate with people who use mobile devices (candidates).

MOOC (Massive Open Online Course)

Employee learning that takes place online and is intended for a big number of geographically dispersed employees. It is referred to be “huge” since it is intended to be used by thousands of employees. It is “open” in the sense that anybody with Internet connection can participate. It’s called “online” since the learning is done without the need of a teacher in the classroom.

Motivational Theories

Psychological theories that try to explain why individuals do what they do. Employers can use these theories to create incentive schemes.

Natural-Language Processing (NLP)

The interaction of computers with human (natural) languages, in particular how to train computers to analyze vast quantities of natural language data, is a branch of artificial intelligence. It’s used in a number of ways to try to figure out what’s going on in documents. Instead of reacting according to a set of pre-programmed rules, the ultimate objective is for the computer to understand and generate reactions to language.

Negotiation

Negotiating between two or more parties in order to achieve an agreement or solve an issue.

Nepotism

Favouritism in employing family and friends, despite the fact that others may be better suited for those positions.

Nondisclosure Agreement

A contract that prohibits a worker from exposing secret or proprietary information.

Non-Exempt Employee

An employee who is paid on an hourly basis and is subject to wage and hour rules governing hours worked and overtime compensation and does not fulfil any of the Fair Labour Standards Act exemption criteria.

Observation Interview

An observational approach of analyzing job needs and skills, followed by an interview with the employee for further evaluation and understanding.

Offshoring

The act of relocating work to a foreign country in order to save money on labour. Manufacturing, information technology, and back-office services like as contact centres and bill processing are common examples of offshoring. Companies can set up their own work centre in another country, form a foreign division, or become a subsidiary in another country.

One Way Interviews (See Video Interviewing)

An interview technique in which candidates are asked to film video replies to a series of questions. Employers may then see the video whenever they want.

Onboarding

The procedure for converting a new hire from an applicant to an employee, ensuring that all paperwork has been completed, benefits administration has begun, and orientation has been finished.

Open-Book Management

By making the organization’s financial data available to all employees so they can make better decisions as workers, a management approach stressing employee empowerment and individual effect on the company’s performance may be implemented.

Organic Search Results

Search engine results that are only dependent on the substance of the sites and the popularity of the pages. There are no classified directory results or pay-per-click advertising results in organic search results. 

Organizational Culture

The characteristics of an organization’s values, attitudes, beliefs, and actions. It is the unwritten corporate ethos that new employees pick up on.

Organizational Development

Through targeted interventions in the organization’s processes, a planned organization-wide effort to enhance and raise the organization’s effectiveness, productivity, return on investment, and overall employee job satisfaction.

Orientation

Orienting new employees to the company’s policies, perks, and culture. Sometimes, training and familiarization with each department is offered.

Outplacement

A perk provided by a shrinking company to help former employees re-enter the workforce. Job training, résumé workshops, interview preparation, and career counselling are all examples of possible assistance.

Outsourcing

Payroll, benefits administration, and manufacturing are examples of non-core operations that may be contracted out to save money and allow the firm to focus on what it does best.

Payroll

Hours worked, salaries, earnings, commissions, bonuses, vacation/sick pay, contributions to qualifying health and pension plans, net pay, and deductions are all included in the documentation generated and kept by the employer or any leading Staffing Agency.

Peer Appraisal

A performance evaluation provided by an employee’s peers after they have watched the employee’s work.

Performance Appraisal

An individual’s work performance is reviewed and evaluated on a regular basis.

Performance Improvement

A strategy for improving an employee’s performance that identifies, corrects, and monitors the problem.

Performance Management

The practice of using performance evaluation tools, coaching, and counselling to maintain or improve employee work performance. The ultimate goal is to improve organizational performance.

Probationary Arrangement

An agreement between an employer and an employee to work for a specified period of time during a trial or probationary term.

Quality Management

A method for ensuring that a product or service satisfies high standards of quality, as well as that the process through which it is generated is efficient and effective. Quality control, quality assurance, and quality improvement are the three main components of this system.

Quantified Self

A movement to include technology into data collection on components of a person’s everyday life in terms of inputs (for example, food consumed, air quality), states (for example, mood, arousal, blood oxygen levels), and performance (mental and physical).

Qualification 

Official evidence that someone has finished a specialized course of study or has gained competence in it.

Quality Assurance Standards

Product quality levels that are guaranteed and can be confirmed by the company.

Quality Circle

A quality circle is a group of employees that gather in a firm to discuss quality controls and working methods.

Quality of Work

The general happiness with your life at work, including the atmosphere, career structure, and compensation, is referred to as job quality.

Recruitment

The procedure for identifying and recruiting the most qualified candidate for a job.

Recruitment Process Outsourcing (RPO)

The recruitment procedure is outsourced to a third party.

Redundancy

Eliminating occupations or job categories that are no longer required to the organization’s operation.

Replacement Charts

A tool for succession planning that visually summarizes existing and potential job openings, as well as the number of people in presently occupied roles.

Reputation Management

The process of monitoring an individual’s or a company’s online reputation in order to remedy potentially damaging information.

Request for Proposal (RFP)

A call for a vendor to submit a proposal for a product or service from a firm. A timetable, a description of the item or service, the kind of contract, pricing, and other details are included in the bid.

Reverse Mentoring

A corporate programme in which more senior personnel are mentored by junior colleagues. Younger staff with a strong grasp of social media, for example, might train older colleagues on how to utilize the technology.

Right to Manage

The “right” of management to do business without having to answer for their actions to internal or external pressures.

Retention Strategy

Using valence and expectancy theories, managers must satisfy the goals of workers without losing sight of the organization’s goals in order to retain people and decrease turnover.

Rotational Training

Employees are rotated among a range of occupations, divisions, or corporate tasks during a certain amount of time as part of their training.

Situational Leadership

Effective leadership varies but is task-relevant, according to a management theory, and the most successful leaders adjust their leadership style to the maturity of their audience.

Six Sigma

Six Sigma is a data-driven technique for improving process output quality by identifying and eliminating fault sources and reducing variability in manufacturing and business processes. It also reduces production costs by establishing a specialized infrastructure of individuals who are specialists in these techniques.

Skills Gap

The gap between the abilities necessary for a job and the skills that an individual actually possesses.

Social Collaboration

Processes that enable numerous individuals in an organization to communicate and exchange information in order to accomplish common objectives. The relevance of social collaboration and social collaboration software has grown as a result of globalization, the development of contingent workforces, and telecommuting.

Social HR

All top Executive Search firms or human resource departments use social media platforms (such as Facebook, LinkedIn, and Twitter) to undertake human resource tasks (such as recruiting, employment branding, and so on) in order to match HR goals with the company’s business goals.

Social Media Background Screening

In the recruiting process, using publicly available social media profiles of job prospects. When a firm extends or is ready to extend an offer to a candidate, this is usually done by the Company or the Manpower Consultancy associated with the Company. To avoid discrimination, recruiters and employers should be aware of regulating organizations such as the Equal Employment Opportunity Commission (EEOC).

Social Networking

Creating online communities of people with similar interests. These linked systems are made possible by social media platforms such as LinkedIn, Facebook, and Instagram. As a way of attracting and evaluating applicants, HR departments and top Recruitment Agencies have begun to include social networking into the recruiting process.

Sourcing

Lists of possible candidates are being compiled. Requisitioning, or the task of developing job descriptions, approval procedures, and real job listings are also covered. Most e-recruitment software packages contain requisitioning components.

Staffing

A process for locating, assessing, and forming a working connection with potential workers. They might be existing or prospective employees.

Strategic HRM

Aligning human resource management (HRM) with an organization’s strategic goals.

Strategic Planning

The act of seeing an organization’s future, generally three to five years out, and then working backward to develop strategic goals and allocate resources to achieve that vision. A hiring plan is part of this.

Stay Interviews

Stay interviews, unlike exit interviews, are performed while an employee is still employed to assist employers understand why excellent employees stay and what could cause them to quit.

Succession Planning

The process of defining long-term requirements and developing an internal talent pool to satisfy those requirements. Used to predict the organization’s future requirements and aid in locating, evaluating, and developing the human capital required for the organization’s plan.

Talent Management

The process of hiring, managing, evaluating, developing, and retaining personnel is also known as Human Capital Management which is mostly done by the Recruitment Agencies.

Tangible Rewards

Gifts that may be physically handled or touched, such as products, gift cards, and so on.

Team Building

A job design concept that encourages teamwork in order to build a collaborative workplace atmosphere. It is a training programme meant to promote employees to see themselves as part of interdependent teams rather than as individual workers, in which individuals understand and feel that thinking, planning, making choices, and acting collaboratively is better.

Third-Party Administrator (TPA)

A self-insured group’s administration of insurance is handled by this entity. It bears no responsibility for the payment of claims. The group that is self-insured is financially accountable. (For further information, see the self-insured group.)

Total Compensation

Whole compensation refers to an employee’s total compensation package, which includes more than simply their income. This encompasses all types of compensation, including cash, benefits, services, and other “benefits.” Total pay is sometimes described as the sum of all resources made available to workers by the employer in order to recruit, motivate, and retain them.

Training and Development

Providing employees with information and training that allows them to better execute certain jobs or achieve a greater level of expertise.

Transitional Employment

The arrangement of reduced or altered responsibilities for an employee who has been absent from work due to illness or injury but has been granted permission to return by their medical provider.

Turnover

Over a certain time period, the number of employees that have been lost and acquired.

Union

Workers who form a unified organization, generally connected to the type of work they do, to bargain collectively for improved working conditions, salary raises, and other benefits.

Unjustifiable Dismissal

Firing an employee in an unjustifiable manner, as determined by the courts (i.e., unfairly or in violation of the employment contract).

Understudy

A person learning how to do a job that is presently being done by someone else in to take over the position if the current incumbent retires or becomes ill.

Under Manning

A scenario in which there are fewer employees than are required to do the company’s task.

Unemployment benefit

A government payment provided to an unemployed person.

Unitarism

The notion that management and employees are working jointly for the benefit of the firm.

Upward Communication

Communication between lower-level employees and upper management in an organisation.

Unofficial Industrial Action

Any industrial action done by employees without the sanction of a trade union, such as a strike or a go-slow.

Unpunctual

An employee who is not punctual or does not appear to work on time.

Ultimatum

An ultimatum is a declaration made to someone that if they do not accomplish something within a certain amount of time, action will be done against them.

Video Interview

Instead of meeting in person, a job interview is conducted by video technology.

Virtual HR

The use of various forms of technology to give self-serve alternatives for workers. Employee kiosks and voice response systems are two typical ways.

Voluntary Benefits

Employee-paid benefits are those that are deducted from the employee’s pay check. The administration is paid for by the employer. Life insurance, dental, vision, disability income, vehicle insurance, long-term care coverage, medical supplement plans, and homes insurance are examples of these benefits.

Volunteerism

How a firm helps an employee who wants to volunteer or otherwise provide unpaid services to a community group, usually through paid leave of sponsorship.

Wage Drift

Due to a number of different circumstances such as overtime, bonuses, gender, age, and performance, the gap between basic pay and total earnings.

Wellness Programs

Employer-sponsored programmes aimed at promoting health and preventing illness. Wellness programmes are designed to enhance, promote health and fitness and are often provided via the workplace, however insurance plans can provide them directly to its subscribers. Individuals can engage in the programme by receiving premium discounts, cash prizes, gym memberships, and other incentives from their employer or plan.

Whistle-Blower

An employee who openly discloses to the public or people in positions of power a suspected wrongdoing, misbehavior, or unethical behavior within a company. The Protected Disclosures Act of 2000 protects whistle-blowers against retribution.

Work-life Balance

The endeavour to strike a better balance between work and personal life in order to improve one’s quality of life. A person who lives a balanced life is a valuable addition to his or her company since he or she is more fulfilled at work and at home.

Work/Life Employee Benefits

Employee perks that are “non-traditional” and help employees manage their lives are known as work/life benefits. Employers buy these services from suppliers and provide them as perks to their workers. These services may make all the difference when it comes to recruiting and keeping staff. Child and elder care referral services, employee assistance programmes (EAP), concierge, legal aid, and emergency back-up childcare are all common life management perks.

Wrongful Termination

When an employee is fired for an illegal cause, this is referred to as wrongful termination.

XML and HR-XML

EML stands for Extensible Mark-up Language. A mechanism for specifying data that is widely used. Unlike HTML, XML does not have a set of predefined elements. Information producers can use XML to attach descriptive mark-up (or “tags”) to each discrete data element. The HR-XML Consortium aims to save employers and supplier’s time and money by eliminating the need to negotiate and agree on data transfer protocols on an ad hoc basis. The Consortium’s use of XML allows any firm to trade with other businesses without having to develop, build, and implement several exchange protocols.

Yellow Dog Contract

A yellow dog contract is an agreement between an employer and an employee which states that the latter will not join or participate in labour union activity.

Youth Employment Officer

A Youth Employment Officer is a government worker who works to locate jobs for young people.

Youth Training 

A programme administered by the Training and Enterprise Councils that seeks to offer young people both, off-the-job training and work experience in a certain field.

Zero-Based Budgeting 

Budget planning based on the assumption that no funds are provided automatically and that all predicted spending must be justified.

Zero-Hours Contract

A zero-hours contract is an employment contract in which the employee is not guaranteed any work but must sit on standby until needed and is only paid for hours performed.

Zipper Clause

A zipper clause is a clause in an employment contract that prohibits any discussion about work conditions throughout the contract.