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HR Glossary

HR Glossary

This comprehensive glossary of human resource (HR) terms defines words and phrases frequently used by HR professionals. We would like to encourage you to share and make use of this library. If you have any suggestions for terms we have missed or neglected, please contact us, and we will include them in our next update.

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AI-based recruitment

AI-based recruitment refers to the use of artificial intelligence (AI) technology to streamline and enhance the recruitment process

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Applicant Tracking System

An applicant tracking system (ATS) is a technology that digitally arranges the data, documents, and applications of your applicants while also providing you with information about the effectiveness of your online recruitment channels.

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Abandon Rate

Abandon Rate is a measure of the number of job applicants who begin but do not complete a job application on a company's ATS (applicant tracking system). When job seekers begin the process and then abandon it, the employer suffers a failure.

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Absenteeism

Absenteeism is when an employee is absent from work very frequently. It typically refers to a lack of attendance aside from authorized leaves and absences.

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Applicant Pool

Applicant pool is a term used to express the total number of applicants submitting a résumé or completing an application for a certain job opportunity.

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Attrition Rate

Attrition rate refers to the rate at which employees leave a company over a specific period of time, usually expressed as a percentage of the total workforce. This can include employees who resign voluntarily, retire, or are terminated by the company.

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Aptitude Testing

Aptitude testing is a standardized testing instrument used during the selection process in order to determine and measure an individual's ability to acquire some specific set of skills required for the job.

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What is Alternate Dispute Resolution?

The term "alternative dispute resolution" refers to a number of informal procedures that, with the aid of a third party, assist disputing parties in resolving their differences without going to court.

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Analytical Thinking

Analytical thinking refers to the mental process of separating an object into its component elements in order to understand the parts and their relationships.

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What is Agile Organization?

An organization is referred to as agile if it responds quickly to changes in the environment or in the market. The needs of its customers, which want to be tailored rather than uniform services, are what the agile organization is focused on.

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What is Affirmative Action?

A set of policies that aim to promote equal employment opportunities for individuals of an underrepresented group, such as women and minorities.

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What is Annuity?

An annuity is a long-term contract with an insurance company that guarantees the employee a steady stream of income at a future date, most frequently after retirement.

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What is Ageism?

The definition of ageism is stereotyping, discrimination, or prejudice against individuals or groups based on their age.

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What is Applicant Flow Data?

Applicant flow data refers to demographic information collected during the recruitment process, such as gender, race, and age, to assess the diversity and inclusiveness of the applicant pool and ensure compliance with equal employment opportunity regulations.

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What is the Americans with Disabilities Act?

The American with Disabilities Act (ADA) was created as a law in 1990 which prohibits discrimination against people with disabilities in all sectors of public life.

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What is At-Will Employment?

According to the National Conference of State Legislatures, at-will employment means “an employer can terminate an employee at any time for any reason, except an illegal one.”

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Agile Recruitment

Agile recruitment is a contemporary approach to talent acquisition that borrows principles from Agile methodology, originally used in software development. It emphasizes adaptability, collaboration, and iterative processes to streamline hiring efforts, respond to changing hiring needs, and enhance candidate experiences. Agile recruitment seeks to improve the efficiency and effectiveness of the recruitment process in a rapidly evolving job market.

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Absence Management

Absence management refers to the policies and procedures that organizations implement to monitor and manage employee absences. It encompasses tracking absences, identifying patterns, and addressing issues related to employee absenteeism.

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Back Pay

Back pay is a term used to describe the amount of money an employer owes to an employee for work that was done in the past but was not compensated at the time it was due.

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Background Check

The criminal, professional, and financial histories of a prospective employee are examined during a background inquiry. Background checks are done to protect the safety and security of the organization's personnel.

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Behavioral Competency

Behavioral competency refers to any behavior attributes and personality traits a person might have, such as knowledge and skill set, which can help determine how successful he/she will be at the job they are applying for.

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Bereavement Leave

Bereavement leave, also known as compassionate leave, is a type of leave that allows employees to take time off from work to deal with the death of a family member or someone close to them. The purpose of bereavement leave is to provide employees with the time and space they need to grieve and attend to the practical and emotional aspects of death.

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Blind Engagement

Blind engagement is a recruitment practice that eliminates personal information such as name, age, and gender to reduce unconscious bias in the hiring process and increase diversity and inclusion.

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What is Boolean Search in Recruitment?

Boolean search is a structured search method that enables the user to include words or expressions like AND, OR, and NOT to define, limit, and broaden the search results.

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What is Bullying (workplace bullying)?

Workplace bullying is a word used to describe recurrent, physically harmful mistreatment of one or more people (the targets) at work by one or more perpetrators. It is a pattern of ongoing mistreatment at work by others that hurts the victim physically or emotionally. Bullying at work is typically carried out by someone who has authority over the victim.

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What is Business Process Outsourcing (BPO)?

Business process outsourcing is a term that refers to a process of hiring other companies to do a set of business activities or a single function related to the company's business. It allows companies to save costs and focus on core activities.

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What is Buzz Marketing?

Buzz marketing is a viral marketing strategy that seeks to engage customers directly and naturally as opposed to making a direct sales pitch. Word-of-mouth marketing is the technique buzz campaigns employ the most.

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What is Basic Salary?

Basic salary, also called base salary, is the amount of money a salaried employee regularly earns before any additions or deductions are applied to their earnings.

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What is Boomerang Employee?

A boomerang employee is an employee who leaves a company they work for, but then later returns to work for the company once again.

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What is Business Agility?

Business agility is a company’s ability to adapt to a changing situation while still maintaining its vision.

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What is Buddy System?

A buddy system is a form of employee orientation whereby newly hired employees are assigned to another employee who shows the new employee the ropes, introduces him or her to co-workers, gives personal assistance, and answers questions on an as-needed basis.

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What is Bumping?

Bumping is a practice used by many companies to reserve a talent pool during downsizing, wherein, a senior-level employee, whose position has been selected for elimination, is offered the option of accepting an alternative position of lesser seniority within the organization.

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What is BYOD?

A bring-your-own device (BYOD) policy is when an organization decides to allow or require employees to use personal devices for work-related activities. BYOD policies range from enabling remote tools on personal mobile phones to requiring employees to provide their own laptops or computers.

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What is Broadbanding?

Broadbanding is a method for the evaluation and construction of a job grading structure that exchanges a large number of narrow salary ranges for a smaller number of broader salary ranges. Broadbanding aids in establishing what is required to pay for a specific position.

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Who are Blue-Collar Workers?

As opposed to "white-collar workers," which are typically office-based, "blue-collar workers" are working-class people who perform any type of manual labor. Blue-collar employees are typically compensated by the hour or per project.

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What is Business Continuity Planning?

The management procedure for developing systems of prevention and recovery is known as business continuity planning. It offers a strategic and operational structure that guarantees the business can endure any interruption of regular business activities or loss of such functions.

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What is a background check?

A background check is a comprehensive investigation and examination of an individual's personal, professional, and criminal history. It involves verifying information such as employment records, education qualifications, credit history, and criminal records to assess the suitability and trustworthiness of an individual for employment or other purposes. Background checks are commonly conducted by employers, landlords, and organizations to make informed decisions and mitigate potential risks.

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What is Candidate Experience in Recruitment?

The definition of candidate experience is the impression a job seeker has of an employer based on their interactions with that employer during the whole hiring process. This covers all points of interaction during the hiring process, such as job searching, application review, interviewing, and onboarding.

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Career Development

Career Development is an organization’s support toward an employee’s professional growth. It includes skills development, mentoring, coaching, and other resources to help employees reach their career objectives.

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Cloud-based HR Software

Cloud-based HR software refers to on-demand networks, services, systems, and applications accessible through the internet. Essentially, cloud-based HR software allows you to run HR applications from anywhere on an internet-connected device, as opposed to operating data out of one hard drive in your office.

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Co-employment

An arrangement whereby two organizations have some legal responsibility or oversight for the same employee. This may be in the case of a staffing firm or employment services provider subsidizing part of the wages of employees while they perform work for a company.

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Code of Conduct

A document produced by an employer establishing the broad expectations of employee behavior, usually reflecting the values and goals of the business. These codes form part of the employment contract and are legally enforceable by the employer. These can broadly cover the whole workforce of a business or be specific to certain roles or positions.

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Cognitive Ability Testing

Cognitive ability testing is a type of assessment that measures a person's intellectual abilities, including memory, reasoning, problem-solving, and language skills, often used in hiring and educational settings.

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What is Compliance?

Compliance generally refers to the obligation of employees to business policies, and of the business to laws, regulations, and codes of practice.

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What is Conditions of Employment?

Conditions of employment are usually the benefits and responsibilities within a given position, specifically related to items like wage rate, work hours, annual and sick leave allowance, superannuation payments, penalty rates, grievance and discipline policies.

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What is Confidentiality Agreement?

A legally binding document that prevents the employee from discussing commercial-in-confidence or other sensitive proprietary information with anyone else. This may be defined as people external to the firm, but may also include not disclosing information to other employees, (such as in the case of a worker's compensation settlement or disciplinary action).

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Core Competencies

The fundamental skills and qualifications required for an employee to successfully fit in a role. This also relates to the critical strengths of the business that provide differentiation from others in the industry. The core competencies of the business emerge from those of the workforce.

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What is Cost-per-hire?

Cost-per-hire is the financial and resource costs to employ new hires. This can include advertising costs, onboarding, and training processes.

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What is Crowdsourcing?

The use of a large, voluntary community (such as social media) to generate ideas, new products, or other contributions, as opposed to using traditional means.

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What is Conflict Management at Workplace?

Conflict management is the use of techniques to resolve disagreements or control the level of discord. Conflict resolution techniques include facilitating meetings for the conflicting parties to identify the problem, discuss resolutions and create superordinate goals that require cooperation from conflicting parties.

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What is a Cafeteria Plan?

A cafeteria plan is a benefit plan that an employer offers to its employees to choose from a variety of pre-tax benefits.

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What is Candidate Journey?

The candidate journey is the set of experiences that job seekers and candidates go through during their job hunt.

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What is Candidate Relationship Management?

Candidate relationship management (CRM) is a method for managing and improving relationships with current and potential future job candidates. CRM technology is used to automate communication processes with the candidates, encourage their engagement and improve candidate experience.

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What is contract recruitment?

Contract recruitment refers to the process of hiring professionals on a temporary or project-based basis for a specific duration. It involves engaging contractors or freelancers to fulfill specific roles and responsibilities within an organization. Unlike permanent recruitment, which focuses on long-term employment, contract recruitment is characterized by its short-term and project-based nature. Contractors are not considered permanent employees and are typically engaged for a defined period to meet specific project requirements. Contract recruitment offers flexibility to organizations, allowing them to quickly fill skill gaps, adapt to changing project demands, and access specialized expertise without the long-term commitments and costs associated with permanent employment.

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Campus Recruitment

Campus recruitment, also known as campus hiring or college recruiting, refers to the process of recruiting and hiring students or graduates directly from educational institutions such as colleges and universities.

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Crowdsourcing recruitment

Crowdsourcing recruitment is an innovative approach that harnesses the collective intelligence and skills of a crowd to source, evaluate, and hire candidates for job openings, revolutionizing the traditional hiring process. It involves engaging a diverse pool of individuals to contribute their expertise, recommendations, and insights, resulting in more efficient and effective talent acquisition. Crowdsourcing recruitment platforms facilitate collaboration between hirers, recruiters, and the crowd, enabling organizations to tap into a broader talent pool and make informed hiring decisions based on collective wisdom. This approach promotes transparency, diversity, and agility in the recruitment process, ultimately leading to better candidate matches and improved hiring outcomes.

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What is Crowdstaffing?

Crowdstaffing is a strategic approach to hiring that leverages the collective efforts and insights of a crowd to efficiently connect hirers and recruiters with a diverse pool of talented professionals. It involves sourcing candidates, evaluating qualifications, and making hiring decisions collaboratively, utilizing crowd intelligence and technology-enabled platforms. Crowdstaffing transforms the traditional hiring process, promoting access to diverse talent, increasing efficiency, and enhancing the quality of candidate matches.

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Curriculum Vitae

A curriculum vitae (CV) is a comprehensive summary of a person's educational background, work experience, skills, and achievements, typically used for job applications.

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Contract Employees

A contract employee, also known as a temporary employee or a contingent worker, is an individual who is hired by an organization on a fixed-term basis or for a specific project or assignment. Unlike permanent employees who are typically employed on an ongoing basis, contract employees have a predetermined duration of employment, which could range from a few weeks to several months or even years, depending on the nature of the contract. Contract employees are engaged to fulfill short-term business needs, respond to fluctuations in workload, or address specific project requirements. They may be hired directly by the organization or through staffing agencies, consulting firms, or freelance platforms. Contract employment offers flexibility to both employers and employees, allowing organizations to access specialized skills and expertise for a limited period, while providing workers with opportunities to work on diverse projects and gain experience in various industries. The terms and conditions of contract employment, including the duration of the contract, compensation, responsibilities, and other relevant details, are typically outlined in a written contract or agreement. This contract establishes the legal relationship between the employer and the contract employee and sets clear expectations for both parties. Contract employees may work full-time or part-time, depending on the nature of the contract and the organization's needs. While they are not entitled to the same benefits and job security as permanent employees, contract employees may receive competitive compensation and have the opportunity to negotiate specific terms based on their skills and experience. Overall, contract employees play a crucial role in today's workforce by providing organizations with the flexibility and agility to adapt to changing business demands and by offering workers diverse opportunities to showcase their talents and contribute to various projects.

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Corporate Social Responsibility

Corporate Social Responsibility (CSR) refers to the ethical and voluntary initiatives taken by businesses and organizations to address their impact on society and the environment. It involves incorporating responsible practices into their operations and decision-making processes, aiming to contribute positively to the well-being of employees, communities, and the broader society.

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Compensation and Benefits

Compensation and benefits refer to the monetary and non-monetary rewards provided by an employer to employees in exchange for their work, including salaries, bonuses, insurance, and other perks.

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Candidate Vetting

Candidate vetting is the thorough process of evaluating and assessing job applicants to determine their suitability for a specific role within an organization. It involves scrutinizing qualifications, skills, experiences, and personal attributes to make informed hiring decisions.

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Churn Rate

Churn rate refers to the rate at which employees leave an organization, highlighting turnover within the workforce. It is a key metric used by recruiters and hirers to assess the stability and retention of talent within an organization, helping them make informed hiring and retention strategies.

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Corporate Governance

Corporate governance refers to the system of rules, practices, and processes by which a company is directed and controlled. It encompasses the mechanisms through which companies, and their stakeholders, interact.

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What Is DEI (Diversity, Equity, and Inclusion)?

Diversity, equity and inclusion is a concept that is on high rise within the recruitment world. Find out what is DEI, what is the DEI meaning, how and where DEI is important for your orgnazition here.

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Digital Skills

Digital skills refer to the abilities and knowledge required to effectively use digital technologies, such as computers, smartphones, the internet, social media, and software applications.

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Defined Benefit Plan

A defined benefit plan is a type of retirement plan in which an employer promises to pay a specified benefit to employees upon retirement.

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What is Disability Income Insurance?

Disability income insurance is a type of insurance policy that provides income replacement benefits to individuals who become disabled and are unable to work.

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What is Disciplinary Action?

Disciplinary action is a formal process that employers use to address and correct employee behavior or performance that does not meet expected standards.

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What is Downsizing?

The process of terminating multiple employees simultaneously, due to their positions being eliminated or organizational restructuring.

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What is Discrimination at Workplaces?

Discrimination in the workplace refers to the unfair treatment or unfavorable actions taken against employees or job applicants based on certain protected characteristics or attributes.

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What is Delayering?

Delayering is the process of removing layers of hierarchy between the highest and lowest levels in an organization in order to boost operational efficiency, decrease the wage bill and remove red tape. Delayering typically removes middle managers, providing senior managers with easier reach over the organization as a whole.

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What is Disparate Effect?

A disparate effect is the result of an employment policy or practice that has an adverse impact; this result is often exclusion or discrimination. When a legal review of contested employment practices finds a disparate effect on hiring, advancement, termination, or compensation, the employer may be held liable and face fines or other penalties.

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What are Daily Work Records?

A daily work record is the log of job tasks employees do over a period of time. The period of time is defined by the company. A daily work record is useful in keeping a track of the employee’s tasks and gives an insight into employees' productivity.

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What is Data Breach?

A data breach is a cyber attack in which sensitive, confidential, or otherwise protected data has been accessed or disclosed in an unauthorized fashion. Data breaches can occur in any size organization, from small businesses to major corporations. They may involve personal health information, personally identifiable information, trade secrets, or other confidential information.

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What is the De minimis rule?

De minimum comes from Latin when referring to something of minimum importance. In business, it is linked to any benefit, property, or service provided to an employee that has so little value that accounting for it would be unreasonable or administratively impracticable.

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What is Deferred compensation?

Deferred compensation refers to a portion of salary or compensation that is paid to an employee at a later date. It means that part of the compensation is postponed for a certain time. This is usually done in order to defer tax to a future date when the rate is lower.

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What is the concept of Dual labor markets?

The segmentation of the workforce into primary and secondary sectors. The primary sector is the core workforce, most likely to progress and develop themselves and the business. The secondary sector is usually lower skilled, lower paid, and less likely to move up the ranks of the business.

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What is Diversity, Equity, Inclusion, and Belonging(DEIB) |

Diversity, Equity, Inclusion, and Belonging (DEIB) are interconnected principles that aim to create a more inclusive and equitable environment. Diversity recognizes and values the variety of individual characteristics, backgrounds, and perspectives present within a group or organization. It encompasses dimensions such as race, ethnicity, gender, age, sexual orientation, disability, and more. Equity focuses on ensuring fairness and justice in the distribution of resources, opportunities, and outcomes. It involves identifying and addressing systemic barriers that disproportionately impact certain groups, with the goal of creating equal access and opportunities for all. Inclusion involves actively fostering an environment where all individuals feel respected, valued, and supported. It seeks to create a sense of belonging by promoting collaborative relationships, diverse perspectives, and the celebration of differences. Belonging emphasizes the need for individuals to feel accepted, included, and valued within a group or organization. It goes beyond mere representation and focuses on creating a culture that fosters a sense of connection, acceptance, and psychological safety for everyone. Collectively, DEIB strives to create workplaces and communities that celebrate diversity, eliminate systemic biases and barriers, promote equal opportunities, cultivate inclusive cultures, and ensure that everyone feels a sense of belonging and can thrive to their fullest potential.

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Deferred Compensation

Deferred compensation is a financial strategy where a portion of an employee's income is paid out at a later date, typically to provide benefits during retirement or other significant life events.

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What is employee management?

Employee management is the process of overseeing and guiding employees within an organization to achieve its goals. Recruitment and selection are critical aspects of employee management.

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Employer Branding

Employer branding is a term referred to to describe a company's reputation and popularity from a potential employer's perspective and describes the values the company gives to its employees.

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Employee Value Proposition

Employee Value Proposition (EVP) is the balance of the rewards and benefits that are received by employees in return for their performance at the workplace.

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Exit Interview

Exit interview is a survey that is conducted with an employee when he or she leaves the company.

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Expatriation

Expatriation refers to the process of living and working outside of one's home country, typically for a prolonged period of time.

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What is Employee Retention?

Employee retention refers to the various policies and practices which let the employees stick to an organization for a longer period of time. Every organization invests time and money to groom a new joinee, make him a corporate-ready material and bring him at par with the existing employees.

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What is Employee Handbook?

A written document that provides employees with guidance and information on the employer’s mission, values, policies, procedures, and code of conduct.

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What is Employee Database?

An employee database is a digital filing cabinet HR professionals use to store critical employee data, including name, job position, salary, hire date, and other work-related information.

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Employee

A person under a contract to provide work to a business in return for wages or salary. Employees are differentiated from other workers such as contractors in that the business has the legal right to dictate the conditions, hours, and manner of work performed.

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What is Equity Theory?

Equity theory is a theory of motivation that suggests that employee motivation at work is driven largely by their sense of fairness. Employees create a mental ledger of the inputs and outcomes of their job and then use this ledger to compare the ratio of their inputs and outputs to others.

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What is Employee Assistance Program (EAP)?

Employee Assistance Programs help employees deal with the problems that impact their job. It is a counseling and consulting program where employees put forward the problems they are facing.

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What is Emotional Intelligence?

Emotional intelligence (EI) in the workplace refers to the ability to recognize, understand, and manage one's own emotions and effectively navigate and respond to the emotions of others. It involves being aware of and in control of one's emotions, as well as being empathetic and skilled in interpersonal interactions.

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What are Employee Assessments?

Employee assessments are performance appraisals or reviews used to evaluate employees' performance and productivity. These tests assess personality, aptitude, and skills.

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What is E-recruitment?

E-recruitment, also known as online recruitment, refers to the use of web-based technology for the various processes of attracting, assessing, selecting, recruiting, and onboarding job candidates.

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What is Employee Engagement?

Employee engagement, also called worker engagement, is a business management concept that represents employees' enthusiasm and involvement with the work they perform. Employee engagement is measured through surveys and questionnaires.

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Employee Life Cycle

The employee life cycle refers to the different stages that an employee goes through during their tenure with a company, from the moment they are recruited until their departure.

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Employee-Employer Relationship

The employee-employer relationship is a dynamic interaction between an individual hired to perform work and the organization that employs and compensates them for their contributions.

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Employee Referrals

Employee referrals is the practice of current employees recommending individuals they know for job positions within their organization.

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Employee Wellness Program

An employee wellness program is a company-initiated effort to improve employees' overall health and wellbeing. These programs offer activities, resources, and benefits for physical and mental wellness, aiming to encourage healthier lifestyles and work-life balance. Successful programs can lead to increased engagement, lower absenteeism, improved productivity, and a positive workplace atmosphere.

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Employee Benefits

Employee benefits are extra perks that employers offer to their employees beyond regular pay. These benefits are designed to attract and retain talent, enhance job satisfaction, and improve overall well-being. Common benefits include healthcare coverage, retirement plans, paid time off, flexible work options, wellness programs, tuition assistance, and more. These offerings vary by company and industry but play a significant role in creating a positive work environment and supporting employees' needs.

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Employee Experience

Employee experience is the holistic sum of all interactions, feelings, and perceptions that an individual has throughout their journey within an organization

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Employment Contracts

Employment contracts are legally binding agreements between employers and employees that outline the terms and conditions of employment. They specify job roles, responsibilities, compensation, benefits, and other crucial details, providing clarity and legal protection for both parties in the employment relationship.

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Enterprise Resource planning (ERP)

Enterprise Resource Planning (ERP), in simple words, is like the "brain" of a business. It's a powerful software system that helps companies manage and organize all their important information and processes in one place.

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Best Recruitment Process Outsourcing Companies

Here's a List of the Best Recruitment Process Outsourcing Companies you can rely on for your recruitment process outsourcing needs.

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Employee Satisfaction Survey

An Employee Satisfaction Survey is a tool used to measure how content and engaged employees are with their job, work environment, and the organization as a whole. It gathers feedback on various aspects such as job satisfaction, management support, and workplace culture, helping employers identify areas for improvement and enhance the overall employee experience.

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Employee Engagement Survey

An Employee Engagement Survey is a vital tool for organizations to assess employee engagement, satisfaction, and morale. It includes questions on job satisfaction, management effectiveness, communication, work-life balance, professional development, and company culture.

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Exempt Employee

Understanding the classification of exempt employees is fundamental for recruiters and hirers to ensure compliance with labor laws and effective workforce management. Exempt employees are typically salaried and not entitled to overtime pay under the Fair Labor Standards Act (FLSA). This classification includes roles such as executives, administrators, professionals, computer employees, and outside sales employees. Accurate classification is crucial to avoid legal and financial repercussions, as misclassification can lead to penalties and back pay for overtime.

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What is Furlough?

A furlough is a temporary, unpaid leave of absence that is involuntary and issued by employers due to financial hardship or government shutdowns

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What are Floating Holidays?

Floating holidays are paid vacation days that employees can schedule themselves. They are mostly used by employees who celebrate cultural or religious holidays not included in the set of ten federally recognized paid holidays.

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Functional job analysis

Functional job analysis (FJA) is a method used by human resources and industrial-organizational (I/O) psychologists to assess occupational roles within an organization.

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What is future of work?

The future of work describes changes in how work will get done over the next decade, influenced by technological, generational, and social shifts.

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Fair Labor Standards Act (FLSA)

A federal law that governs minimum wage, overtime, child labor, and recordkeeping rules and regulations for most U.S. workplaces.

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What is Facebook Recruiting?

Facebook recruiting is the phenomenon of recruiting through the Facebook platform. You can source, attract, convert and hire potential candidates from the social platform.

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What is Factor Comparison?

Factor comparison is a scientific method designed to rank job roles based on a breakdown of factors rather than the role as a whole. The ultimate goal of factor comparison is to assign the relative parts of each job role a financial value i.e. the amount of compensation offered for that part of the role.

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FinTech hiring

FinTech hiring is the process of recruiting professionals in the financial technology sector, emphasizing technical skills, adaptability, and expertise in areas like programming and financial regulations. It aims to build a workforce capable of navigating the evolving FinTech landscape and driving innovation at the intersection of finance and technology.

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Gig Economy

A gig economy is an economy where organizations rely more on freelancers and independent contractors instead of full-time employees. Temporary positions and flexible jobs are common.

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Golden Handcuffs

Golden handcuffs are contractual clauses that provide financial and non-financial benefits to executives that are forfeited if the executive leaves the company. Organizations use golden handcuffs to disincentivize executives from moving to competitors.

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Grievance

A grievance is a formal complaint or concern about a perceived injustice, wrong or mistreatment that someone may have experienced, usually in the workplace or within an organization.

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Gratuity

Gratuity is given by the employer to his/her employee for the services rendered by him during the period of employment.

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Gross Salary

Gross salary is the amount of money paid to an employee before taxes and deductions are discounted. It is the gross monthly or annual sum earned by the employee.

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What is Gender Pay Gap?

The term is used to describe the traditionally higher average wages and salaries males earn over females.

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Who are Gig Workers?

Gig workers are a group of contingent workers (such as independent contractors, freelancers and contract firm workers) in a temporary employment relationship who provide project-based, on-demand labor. Hiring gig workers allows organizations to adjust headcounts based on business requirements, access niche skills, and quickly fill talent gaps.

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What is Golden Parachute?

A golden parachute is a contractual agreement between an organization and a high-ranking executive that specifies the benefits the employee will receive in the event of termination. A golden parachute package may include severance pay, retirement benefits, continued enrollment in pension plans, stock options, bonuses and paid health insurance.

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What is a Gag Clause?

A gag clause is a contractual stipend that prevents employees from disclosing certain sensitive information about a business, the way it operates, its intellectual and physical assets, and any future innovations.

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What is Gross Misconduct?

Gross misconduct refers to an employee's negative behavior or action so serious that it calls for the employee's summary dismissal without the usual contractual obligations of a notice period.

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What is Gamification in Recruitment?

Gamification is the integration of games or game-like elements into business processes to boost employee participation and engagement. Gamification applies the same principles which attract people to recreational games such as football, chess, or Minecraft to the workplace.

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What is Global HR?

Global HR, also known as Global Human Resources, refers to the management and coordination of human resources activities in a global or multinational organization. It involves overseeing HR functions and processes across multiple countries and regions, taking into account the diverse cultural, legal, and regulatory environments in which the organization operates. Global HR professionals are responsible for developing and implementing HR strategies, policies, and practices that align with the organization's global business objectives. They work to ensure consistency and compliance with local employment laws and regulations while fostering a unified corporate culture and employee experience across different locations.

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Human Resource Management

Human resource management is the practice of administering policies and programs that optimize employee performance and advance the employer's business goals. Such programs include employee recruitment, training, compensation, benefits, and professional development.

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HR Software

HR software is a digital tool for organizing, administering, and achieving an organization's entire HR objectives. HR managers and staff may more effectively devote their time and resources to more fruitful, profitable tasks thanks to HR software.

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HIPO (high-potential employee)

A high-potential employee (HIPO) is someone with the ability, engagement, and aspiration to rise to and succeed in more senior, critical positions.

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HR Analytics

HR analytics is the collection and application of talent data to improve critical talent and business outcomes. HR analytics leaders enable HR leaders to develop data-driven insights to inform talent decisions, improve workforce processes and promote positive employee experience.

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Hybrid Work

Hybrid work describes a working model where employees are expected to attend the office at least one day per week while being permitted to work from a location other than the office some of the time.

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Human Resource

Human Resources is a term used for a company’s department responsible for different activities related to recruiting, hiring and managing employees.

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HR Connect

HR connect typically refer to the network of relationships and interactions within the field of human resources (HR). It encompasses the connections between HR professionals, departments, organizations, and various stakeholders involved in managing and supporting an organization's workforce.

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What is Hawthorne Effect?

Hawthorne effect is a term used to describe employees' tendency to work harder and perform better when they are aware that they are being observed. Examples have shown how the application of employee observation through the show of concern and recognition affects their motivation as much as improving their work conditions does.

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Who is an HR Business Partner?

HR Business Partner are HR professionals who work closely with an organisation’s senior leaders in order to develop an HR strategy that closely supports the overall aims of the organisation. The process of alignment is known as HR business partnering and may involve the HR business partner sitting on the board of directors or working closely with the board of directors and C-suite.

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What is Human Resource Information System?

Human Resource Information System is a software that is used for carrying out HR processes such as data tracking, self-service for employees, analyzing data for better understanding and training for employee improvement, and managing benefits and compensations.

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What is Human Resource Outsourcing?

A contractual agreement between an employer and an external third-party provider whereby the employer transfers responsibility and management for certain HR, benefit or training-related functions or services to the external provider.

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What is HR Audit?

HR Audit is the process of evaluating the performance of Human Resource Department and its activities undertaken, and the policies followed towards the accomplishment of organizational goals. HR Audit is conducted to identify the lapses, shortcomings, gaps in the implementation of HR functions and suggesting the remedial actions, if any.

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Headhunter

Headhunter, also known as an executive recruiter, refers to a company or an individual that provides services for tracking and recruiting qualified candidates for various positions.

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Human Resource Management System

A Human Resource Management System (HRMS), also known as Human Resource Information System (HRIS) or Human Capital Management (HCM) software, is a comprehensive suite of tools, applications, and processes designed to streamline and automate the management of an organization's human resources. It serves as a centralized repository for storing and managing employee data, facilitating efficient HR operations.

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Human Resource Planning

Human resource planning refers to the process of strategically aligning an organization's human resources with its overall business goals and objectives. It involves forecasting future workforce needs, assessing current workforce capabilities, and implementing strategies to bridge the gap between demand and supply of talent within an organization.

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Human Resource Development

Human resource development (HRD) refers to the process of enhancing and developing the skills, knowledge, abilities, and competencies of individuals within an organization. It involves a systematic approach to improving human capital, maximizing employee potential, and fostering continuous learning and growth.

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Human Resource Consulting

Human resource consulting refers to the professional services provided by external consultants or consulting firms to assist organizations in optimizing their HR practices, processes, and strategies. These consultants bring specialized knowledge, experience, and expertise to support recruiters, hirers, and talent sourcers in addressing HR challenges and achieving their organizational objectives. Human resource consulting encompasses a wide range of services, including HR strategy development, talent acquisition, performance management, employee engagement, organizational development, and compliance.

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HR Survey

An HR survey is a systematic and structured method of collecting feedback, opinions, and insights from employees and other stakeholders within an organization. It involves the use of surveys and questionnaires to gather data on various HR-related aspects, such as employee satisfaction, engagement, performance management, organizational culture, and more. HR surveys serve as valuable tools for assessing the needs and concerns of employees, identifying areas for improvement, and making informed decisions to enhance HR practices and strategies. By leveraging the power of data and feedback, HR surveys enable organizations to better understand their workforce, align HR initiatives with organizational goals, and create a positive and productive work environment.

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Headhunting

Headhunting is a specialized recruitment strategy used to identify and attract highly skilled professionals who may not be actively seeking new job opportunities. Instead of relying on traditional job postings, headhunters proactively seek out potential candidates, often referred to as "passive candidates," who possess the specific skills and qualifications required for critical positions within an organization. The headhunting process involves extensive research and networking to identify potential candidates who are excelling in their current roles and have the potential to bring significant value to the hiring company. Once identified, headhunters reach out to these candidates directly, often through personalized messages, to present them with career opportunities that align with their expertise and aspirations. Headhunting is commonly used for executive-level positions and in industries where specialized skills and expertise are in high demand. It requires a strategic and targeted approach, as well as the ability to build strong relationships with candidates to entice them to consider new opportunities.

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HR Outsourcing

HR Outsourcing, or Human Resources Outsourcing, refers to the practice of delegating various HR functions and tasks to external service providers. In this arrangement, organizations partner with specialized HR outsourcing companies to manage specific aspects of their human resources operations. This can include functions such as payroll processing, benefits administration, recruitment, employee training, performance management, and more. The concept of HR outsourcing stems from the idea that certain HR tasks can be handled more efficiently and effectively by dedicated experts, allowing businesses to focus on their core operations and strategic goals. Instead of maintaining an in-house HR department, organizations can leverage the expertise of outsourcing providers to handle day-to-day HR responsibilities. HR outsourcing comes in various forms, ranging from administrative and operational tasks to more strategic functions. It can also involve different levels of outsourcing, from selective outsourcing of specific functions to comprehensive outsourcing of the entire HR department.

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High Income Skills

High-income skills are specialized abilities or expertise that enable individuals to command higher wages compared to the average salary.

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Incentive Pay

Incentive pay refers to giving employees bonuses or other forms of compensation in exchange for going above and beyond their normal duties. It is used as a way to encourage employees to continue doing excellent work.

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Induction

Induction is the process of introducing a new employee to the company culture and processes with the aim of bringing them up to speed as quickly as possible as well as making them feel socially comfortable and aware of their professional responsibilities.

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Internship

An internship is a program offered by an employer that provides potential employees with work experience. Internships are typically targeted towards students, who work between one-and-four months at their chosen company to gain practical on-the-job or research experience.

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Insubordination

Insubordination refers to an employee’s intentional refusal to obey an employer’s lawful and reasonable orders. An act of insubordination often results in disciplinary action for the employee, up to and including termination.

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I-9 form

I-9 form, also known as employment eligibility verification, refers to an American federal form that requires newly hired employees to provide certain documents to prove their identity and that they are legally allowed to work in the States.

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Internship

An internship is a temporary work opportunity provided by organizations to students or professionals, allowing them to gain practical experience in a specific field or industry.

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Inbound Recruitment

Inbound recruitment is a strategic approach where companies focus on attracting and engaging potential candidates rather than actively seeking them out through traditional recruitment methods.

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Interview Tools

Interview tools are software or platforms that facilitate the process of conducting, recording, and analyzing interviews, often offering features like scheduling, video conferencing, and data management.

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Job Description

Job description refers to a written informative documentation that states the duties, tasks, responsibilities and qualifications of a job, based on the findings of a job analysis.

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Job Analysis

Job analysis refers to a systematic process of collecting all information about a specific job, including skill requirements, roles, responsibilities and processes in order to create a valid job description.

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Job Boards

Job board refers to an online location (website) that provides a list of open job positions. Job boards can list open positions with the relevant contact details or include a standardized application platform which allows candidates to apply directly.

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Job Classification

Job classification refers to a process of evaluation aimed at job comparison using a standardized scale to differentiate between job groups on the basis of tasks, duties and responsibilities involved while performing the job.

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Job Rotation

It is movement of employees in different job roles which enriches their skills, ability to work on different roles and experience. It is a useful HR strategy to create awareness among employees about all types of job performed in their vertical.

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What is job ghosting

Job ghosting refers to the act of a candidate or an employer abruptly and unresponsively cutting off communication during the hiring process, leaving the other party in the dark. It involves disappearing without providing any explanation or notification, leading to frustration, wasted time, and damaged professional relationships. Job ghosting has become increasingly common in today's job market, affecting both job applicants and employers.

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Merit pay

Merit pay is a system, where one is paid on the basis of the achievement of targets by an individual. These are done on a metric basis where the individuals are evaluated on the targets and levels achieved in the metric and are paid or compensated accordingly.

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Mean wage

The mean wage is the average wage that employees receive for the same work performed during a given period of time.

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What is Management Training?

It is a training activity that focuses on improving an individual’s skills as a leader and manager. There may be an emphasis on soft skills, such as communication and empathy, which enable better teamwork and more progressive relationships with the people they manage.

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Micromanagement

Micromanagement is a pattern of manager behavior marked by excessive supervision and control of employees’ work and processes, as well as limited delegation of tasks or decisions to staff.

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Management by Objectives?

Management by objectives is a results-based approach to performance management. Upper-level management defines the strategic goals of the organization and passes these goals down to the next tier of management so they can define the goals they must achieve to enable the organization to meets its broader goals.

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Matrix Organizations

Matrix organizations are structured such that employees report to more than one manager. In matrix organizations, reporting lines are often based on functional group and business line.

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Managed care

Managed care refers to a healthcare option in which the provider manages the care of the individual for a fixed fee, emphasizing wellness and prevention rather than the cure. The goal of managed care is to provide better quality healthcare at lesser costs. Managed care uses a network of established medical resources to provide care, including regular doctors and facilities.

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Managed Service Provider (MSP)

Managed service provider refers to an outsourced third-party agency/company that handles the responsibility of the temporary staffing program of a business. It includes a team of skilled experts that help the client company to source and manage temporary workers.

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Mass recruitment

Mass recruitment involves quickly hiring a significant number of employees to address immediate organizational demands. It's a strategic approach used during high-demand periods, focusing on efficient processes, technology, diverse roles, and candidate experience. The goal is to seamlessly integrate new hires while meeting the organization's needs and values.

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Maternity Leave

Maternity leave is an essential benefit for working mothers, providing them the necessary time off from work to give birth, recover physically and emotionally, and bond with their newborns.

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Net Salary

Net salary is the ‘take home’ salary of an employee after statutory deductions such as taxes are made from the gross salary. Net salary is the amount an employee receives after the statutory deductions. Net Salary is the actual amount which is credited to the bank account of an employee. Income Tax is based on the Gross Pay of an employee.

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Non-disclosure Agreement

Nondisclosure agreement, also known as confidentiality agreement, refers to a legal contract between multiple parties restricting them to share information about the business of the other party. Mostly used in restricting employees from disclosing confidential or proprietary information of the company.

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What is Negotiation?

Negotiation refers to a type of bargaining between two or more parties with the aim of overstepping differences and reaching an understanding, often called compromise, to everyone's satisfaction. In companies negotiation is carried out in situations like wages negotiation at the time of recruitment, negotiations with unions regarding their requests, resolving employee conflicts, making downsizing decisions, etc.

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Nepotism

Nepotism refers to favoritism aka preferential treatment of relatives and friends during the hiring process, regardless of others who might be more qualified for those positions. It can decrease the morale and commitment level of other employees since they feel discriminated against.

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Neurodiversity in the Workplace

Neurodiversity in the workplace embraces and values the unique strengths and perspectives of individuals with diverse neurological conditions, fostering a culture of inclusivity and innovation.

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What is Occupational Stress?

The physiological and physical effects of negative activity in the workplace as a result of many factors including external events, internal events, job demands and colleague behaviour.

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What is an Offer Letter?

An offer letter is a document which is given to a candidate after he has been selected for the position. The letter clearly, mentions the salary package, designation, department and other benefits that he will be entitled to, if he joins the company.

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Outsourcing

Outsourcing is the business practice of delegating specific tasks, functions, or processes to external service providers instead of handling them in-house. This strategy allows companies to focus on their core competencies while benefiting from the expertise, efficiency, and cost savings offered by specialized third-party providers. Commonly outsourced functions include IT services, customer support, manufacturing, and human resources. By leveraging outsourcing, businesses can reduce operational costs, improve productivity, and gain access to a global talent pool, making it a valuable approach for achieving strategic business objectives.

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Onboarding

Onboarding is the process and activities you give new employees to create a sense of belonging, and knowledge of your organization, and help them get fully started in their new role.

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Organizational Culture

Organizational culture encompasses the shared values, beliefs, and behaviors that define how employees interact and work within a company. It plays a crucial role in shaping the work environment, influencing employee engagement, satisfaction, and retention. Understanding the different types of organizational culture—such as clan, adhocracy, market, and hierarchy—helps in aligning business goals with cultural values.

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OKRs (Objectives and Key Results)

OKRs (Objectives and Key Results) is a goal-setting framework linking company objectives with measurable results to track progress, aligning goals with daily work.

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Organizational Structure

Organizational structure is a system that outlines how certain activities are directed in order to achieve the goals of an organization. These activities can include rules, roles, and responsibilities. The structure also determines how information flows between the different levels within the company.

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What is Pre-employment Testing?

Pre-employment testing is a process used by employers to assess job candidates before they are hired. It typically involves various assessments and evaluations, such as aptitude tests, personality tests, and physical exams.

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What is Payroll?

Payroll refers to the company's list of employees and the total compensation provided to them for a fixed time period which includes fixed salary, bonuses and deductions. Payroll taxes affect the net income of a company.

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What is People Analytics?

People analytics is the use of employee and candidate's data to understand their impact on business goals and assess the effectiveness of hiring and HR initiatives.

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What is People Management

People management refers to the practice of effectively overseeing and guiding individuals within an organization to optimize their performance, development, and well-being. It involves various aspects such as leadership, communication, conflict resolution, performance management, and creating a positive work environment. People management aims to align individual goals with organizational objectives, promote employee engagement and productivity, and foster a supportive and inclusive workplace culture. By employing effective people management strategies, organizations can attract and retain top talent, build high-performing teams, and drive overall organizational success.

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Psychometric Testing

Psychometric testing in recruitment involves standardized assessments to measure candidates' cognitive abilities, personality traits, and skills for informed hiring decisions.

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PTO

Paid Time Off (PTO) is a leave policy that allows employees to take time off from work with pay. It combines various types of leave, such as vacation days, personal days, and sick leave, into a single pool of days that employees can use at their discretion. PTO offers flexibility, enabling employees to manage their time off according to their needs, whether for personal reasons, health issues, or leisure. This approach simplifies leave management for employers and promotes a healthier work-life balance for employees, enhancing overall job satisfaction and productivity.

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Paycheck Calculator

A paycheck calculator is designed for individuals to estimate their net pay by accounting for various deductions and withholdings.

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Paycheck

A paycheck is a check that an employee is given as payment for services rendered. To know more about, read our article...

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Paternity Leave

Paternity leave is an essential benefit that supports new fathers in taking time off work to bond with their newborn or newly adopted child. Understand the legal aspects, including federal and state regulations, and learn how to design effective employer-sponsored paternity leave policies.

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Performance Management

Performance management is a strategic and systematic process that helps organizations align their resources, systems, and employees to achieve strategic objectives. It involves a continuous cycle of setting goals, monitoring progress, providing feedback, and evaluating outcomes to ensure employees are contributing effectively to the organization's goals.

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Participative leadership

Participative leadership, also known as democratic leadership, is a management style that actively involves team members in decision-making processes. This approach values the contributions and ideas of employees, fostering a collaborative and inclusive work environment. By leveraging diverse perspectives and collective intelligence, participative leadership enhances decision-making quality, boosts employee engagement and satisfaction, and drives innovation. This guide provides a comprehensive overview of participative leadership, offering insights and strategies for recruiters and hirers to implement and sustain this leadership style effectively within their organizations.

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What is Quality Management?

A system to make sure that a product or service meets standards of excellence, and that the process by which the product or service is created is efficient and effective as well.

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What is Queen Bee Syndrome?

Queen Bee Syndrome is defined as a situation where high ranking women in positions of authority treat the women who work below them more critically than their male counterparts.

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Quiet Quitting

Doing the bare minimum duties required for one's job without dedicating any additional time, energy, or enthusiasm beyond what is absolutely necessary.

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Quiet Hiring

Quiet hiring refers to the practice adopted by organizations to acquire new skills and address pressing business needs without directly hiring additional full-time employees. It involves strategically reassigning existing employees to different roles, providing them with opportunities for growth and [upskilling](https://www.hirequotient.com/hr-glossary/what-is-upskilling-and-reskilling) while ensuring appropriate compensation. Alternatively, organizations may opt to hire temporary workers for specific tasks or employ a combination of these approaches.

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Quiet Firing

Quiet firing, also known as silent termination or silent firing, refers to a situation where an employee is effectively pushed out or forced to leave their job without any formal termination or explicit communication from the employer. It is a subtle form of employee dismissal where the employer or manager creates circumstances that make the employee feel compelled to resign or leave on their own accord.

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What is Recruitment Marketing?

Recruitment Marketing is the process of attracting and nurturing talented individuals to your organization by marketing to them. The main goal of recruitment marketing is to drive individuals to apply to the open positions your company has available.

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What is Recruitment Process Outsourcing(RPO)?

Recruitment process outsourcing refers to a form of business process outsourcing where the company outsources the recruiting process to an an external service provider.

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Recruitment

Recruitment, at its core, encompasses a comprehensive journey. It begins with the relentless pursuit of identifying the best candidates, traversing through the realms of sourcing, screening, and interviewing, and culminating in the selection of those exceptional individuals who will shape the future of an organization.

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What is Resume Parsing

Resume parsing refers to the automated extraction, organization, and analysis of data from resumes or CVs (Curriculum Vitae). It involves the use of advanced algorithms and natural language processing techniques to parse and interpret the information contained within a resume. By breaking down the document into structured data, resume parsing software can extract key details such as contact information, work experience, education, skills, and more.

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Rage Applying

Rage applying is a term used to describe the act of applying for jobs impulsively and without much thought, often out of anger or frustration with one's current job.

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What is recruitment automation?

Recruitment automation refers to the use of technology and software solutions to streamline and optimize various aspects of the recruitment process. It leverages artificial intelligence, machine learning, and other advanced technologies to automate repetitive and time-consuming tasks in talent acquisition, allowing recruiters and hiring managers to focus on more strategic and high-value activities. Recruitment automation encompasses a wide range of functions, such as candidate sourcing, resume screening, interview scheduling, candidate assessment, and even onboarding. By automating these tasks, organizations can improve the efficiency of their recruitment process, reduce manual errors, enhance candidate experience, and ultimately make better hiring decisions.

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Remote Hiring

Remote hiring refers to the process of recruiting and hiring employees for positions that allow them to work from a location outside the traditional office space. Instead of requiring employees to be physically present at a specific office, remote hiring enables companies to hire talent from anywhere in the world, as long as they have the necessary skills and qualifications to perform the job effectively.

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Reverse Recruitment

Reverse recruitment refers to the process where job seekers evaluate and select potential employers based on various criteria, reversing the traditional employer-driven hiring approach.

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Recruitment and Selection

Recruitment is the process of attracting a pool of potential candidates for a job opening, while selection involves assessing and choosing the best-fit candidate from that pool.

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Recruitment Analytics

Recruitment analytics refers to the systematic analysis of data related to the hiring process to optimize and improve talent acquisition strategies.

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Retail recruitment

Retail recruitment refers to the process of identifying, attracting, and selecting individuals to fill various roles within the retail industry. This includes hiring employees for positions ranging from sales associates and cashiers to store managers and top-level executives. Retail recruitment is essential for ensuring that an organization has the right talent in place to meet customer needs, drive sales, and effectively manage retail operations. It involves crafting job descriptions, conducting interviews, assessing candidate qualifications, and aligning individuals with the values and culture of the retail brand. In a highly competitive industry like retail, effective recruitment is crucial for success.

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Reference Letter

A reference letter is a written document vouching for a person's qualifications and character. Often requested for job applications, academic programs, or volunteer positions, a strong reference letter can significantly boost your candidacy. It should be written by someone familiar with your work, like a former employer, professor, or colleague. The letter should detail your skills, achievements, and work ethic, providing specific examples to showcase your strengths. A well-written reference letter can be a valuable asset in your professional or academic journey.

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Skill-Based Assessments

Skill-based assessment in recruitment is the process of evaluating candidates' abilities and competencies directly related to the job requirements to make informed hiring decisions.

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What is Social Media Recruitment?

Social media recruiting is a recruitment strategy that combines elements of employer branding and recruitment marketing to connect with and attract active and passive candidates on the digital platforms they frequent.

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What is a Structured Interview ?

A structured interview is a type of job interview where the questions are pre-determined and standardized. This means that every candidate who is being interviewed for the same job position will be asked the same set of questions in the same order.

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What is Skills Gap?

Skills gap refers to the difference between the skills required for a job and the skills employers actually possesses. Because of skills gap employee might not be able to perform the complete job.

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What is Soft Skills?

Soft skills are those related to behavioral and interpersonal abilities, such as the ability to effectively communicate, problem-solve, collaborate and organize.

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Second Interview

A second interview is a follow-up interview that takes place after the initial screening or first interview. It typically occurs when a candidate has successfully passed the initial selection process and has been shortlisted as a potential fit for the position. The purpose of a second interview is to further assess the candidate's qualifications, skills, and cultural fit within the organization. It often involves meeting with additional members of the hiring team, such as senior managers, department heads, or potential colleagues. Second interviews delve deeper into the candidate's experience, expertise, and their ability to contribute to the company's goals. This stage of the interview process allows the employer to gather more information and make a well-informed decision before extending a job offer.

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Servant Leadership

Servant leadership is a leadership philosophy where the leader's primary focus is on serving and supporting the needs of others, empowering them to reach their full potential.

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Succession planning

Succession planning is a strategic process to identify, develop, and prepare future leaders within an organization. It ensures a smooth transition of key roles.

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SaaS Recruitment

SaaS recruitment is the strategic process of identifying, attracting, and onboarding qualified professionals with specialized skills to drive sales and success in the Software as a Service industry.

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Social Security

Social Security is a federal program providing financial aid to retirees, disabled individuals, and survivors of deceased workers. Established in 1935, it ensures economic security for millions of Americans by offering stable income during retirement, disability, or after a primary wage earner's death.

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Strategic Planning

Strategic planning is a systematic process through which an organization defines its strategy or direction and makes decisions on allocating resources to pursue this strategy. It involves setting goals, determining actions to achieve the goals, and mobilizing resources to execute the actions.

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Situational Leadership

Situational Leadership is a flexible and adaptive leadership model developed by Dr. Paul Hersey and Dr. Ken Blanchard. It emphasizes the need for leaders to adjust their style based on the competence and commitment levels of their team members. By tailoring their approach—ranging from providing clear directives to offering support and encouragement—leaders can effectively guide their employees through different stages of development. This adaptability ensures that team members receive the appropriate level of guidance and motivation, fostering better performance, increased engagement, and higher retention rates. Situational Leadership is particularly valuable in dynamic work environments where the needs of team members can vary widely.

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Sabbatical Leave

Sabbatical leave from work refers to a deliberate, planned break granted by an employer to an employee, usually after a specific period of continuous employment. This leave is distinct from regular vacation time as it is typically longer and is intended for more substantial pursuits, such as academic research, creative projects, volunteer work, travel, or further education.

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Scope of Work

A scope of work (SOW) is a project's foundational document, outlining deliverables, timelines, costs, and expectations for all involved. Acting like a roadmap, it ensures everyone is aligned on what will be produced (reports, websites, etc.), when it will be completed (with deadlines and milestones), and for how much (budget breakdown). This clear communication reduces misunderstandings, improves project management, enhances client satisfaction, and even clarifies expectations for recruiters by defining project requirements. In essence, a well-defined SOW sets the stage for project success.

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Talent Acquisition

Talent acquisition refers to the strategic process of identifying, attracting, and acquiring skilled individuals to fill specific job positions within an organization. It involves activities such as job posting, candidate sourcing, screening and assessment, interviewing, and ultimately selecting and hiring candidates who align with the organization's requirements and culture.

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Talent Sourcing

Talent sourcing can be defined as the process of identifying, attracting, and hiring qualified candidates to fill specific job positions within a company.

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What is Time-to-fill?

Time-to-fill is a metric which measures the average number of days it takes to fill a position, from job requisition to job acceptance.

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What is Turnover Rate?

Turnover is the rate at which employees move in and out of a company. This metric is measured by the number of separations in a month divided by the average number of employees on payroll, multiplied by 100.

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Talent Sourcing Training

Talent sourcing training is a strategic process that equips professionals with skills to identify, attract, and engage top talent, enhancing recruitment outcomes and organizational success.

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Talent Pool

A talent pool refers to a collection of prospective candidates who have been identified, evaluated, and categorized based on their skills, qualifications, and potential fit for specific roles within an organization.

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Talent Pipeline

A talent pipeline is a strategic and continuous process of identifying, attracting, developing, and retaining a pool of skilled individuals with the potential to fill key roles within an organization.

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Talent Scouting

Talent scouting is a proactive strategy for finding individuals with exceptional skills and potential that match an organization's needs. It goes beyond traditional recruitment, targeting hidden talent and fostering long-term growth. Talent scouts use their expertise to identify, connect with, and nurture these promising candidates, contributing to the organization's innovation and success.

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What is Wage Drift?

Wage drift refers to a difference between the salary negotiated by a company and the one that is actually paid to an employee by the end of the work period, be it monthly or weekly.

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What is a Whistleblower?

A whistleblower is a person who exposes illegal or unethical information or activity within a private or public organization. This information can refer to any kind of wrongdoing such as violation of organizational policies, law regulations, organizational or national security, fraud, and corruption.

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Work Culture

Work culture refers to the shared values, beliefs, attitudes, norms, and behaviors that characterize an organization or workplace. It encompasses the overall environment, practices, and relationships within a company, including how employees interact, communicate, collaborate, and approach their work.

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Work-life Balance

Work-life balance refers to the equilibrium and harmony between one's professional commitments (work) and personal life (family, social activities, hobbies, and personal well-being). It is the ability to effectively manage the demands and responsibilities of both aspects, ensuring that neither overpowers the other, and allowing individuals to achieve satisfaction and fulfillment in both areas.

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Workplace Conflict Resolution

"Workplace Conflict Resolution" is the process of managing and resolving disagreements that arise among individuals or groups within a work setting. It involves identifying the causes of conflict, addressing issues through effective communication and negotiation, and finding solutions that promote a positive and collaborative work environment. This process helps prevent conflicts from escalating, fosters teamwork, and enhances overall productivity. Effective conflict resolution requires strong communication skills, empathy, and a commitment to finding mutually beneficial solutions. Recruiters and hirers play a key role in identifying candidates who possess these skills and contribute to a harmonious workplace.

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Work Environment

A work environment refers to the physical, psychological, and cultural conditions within which employees perform their job tasks. It encompasses the atmosphere, interactions, and overall conditions that shape the way work is conducted and the experiences of those engaged in it. A positive work environment fosters productivity, job satisfaction, and overall well-being, while a negative or toxic work environment can lead to stress, dissatisfaction, and decreased performance. Elements such as company culture, leadership style, physical workspace, interpersonal relationships, and organizational policies all contribute to shaping the work environment.

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Work Ethic

Work ethic refers to a set of values, principles, attitudes, and behaviors that guide an individual's approach to their work, interactions with colleagues, and overall professional conduct. It encompasses traits such as dedication, responsibility, integrity, accountability, and a commitment to delivering high-quality results. Work ethic reflects an individual's intrinsic motivation to excel in their tasks, meet deadlines, and contribute positively to their organization's goals and success. It goes beyond technical skills, emphasizing qualities that foster a productive and ethical work environment.

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Work From Home (WFH)

Work From Home (WFH) allows employees to work remotely, using digital tools to maintain productivity and collaboration. It offers flexibility, cost savings, and access to a wider talent pool.

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FAQ's

1.

What is the purpose of an HR glossary?

An HR Glossary, also known as HR terminologies or HR Jargons, serves to explain commonly used HR terms and phrases.

    2.

    How can the HR terminologies benefit beginners?

    3.

    Is the HR jargons collection industry-specific?

    4.

    Can I suggest new terms for the HR glossary?

    5.

    Why should professionals refer to the HR terminologies?

    6.

    Is the HR glossary available both online and offline?

    7.

    How often are HR jargons updated in the glossary?

    8.

    Who can benefit from the HR terminologies aside from professionals?

    9.

    What distinguishes the HR glossary from general dictionaries?

    10.

    Are examples provided within the HR glossary for better understanding?