Human Resource Management Concepts

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Fringe benefit

Back

an extra thing that is given to you by your employer in addition to your pay but is not in the form of money.

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Human capital

Back

employees, and all of the knowledge, skills, experience, etc, that they have which makes them valuable to a company or economy.

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Incentive

Back

something, especially money, that encourages a person or organization to do something.

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Coaching

Back

the job or activity of providing training for people or helping to prepare them for something.

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Commitment

Back

willingness to give your time and energy to a job, activity, or something that you believe in.

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Turn over

Back

the rate at which employees leave a company and are replaced by new people.

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Competency

Back

the combination of observable and measurable knowledge, skills, abilities and personal attributes that contributes to enhanced employee performance and ultimately results in organizational success.

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Appraisal

Back

a meeting between an employee and their manager to discuss their progress, aims and needs at work.

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Motivation

Back

the process that initiates, guides, and maintains goal-oriented behaviors.

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Empowerment

Back

the process of giving a group of people more freedom or rights.