HR glossary 2

This allows companies to easily facilitate the job of a recruitment manager. The _______acts like a hiring manager in the process of recruitment and selection.

• Applicant Tracking system

• AI Tracking System

• AI resume tracker

• Profile manager

This is also known as worker care and wellbeing. Required to create an environment for the retention of talent by the company.

• Report management

• Talent identification

• Talent management

• Employee retention

The sum of all the costs related to the sourcing, hiring , and onboarding of new talent.

• Cost to company

• Recruitment cost

• Hiring cost

• Talent sourcing

A database or list of potential candidates and their details who have expressed interest in working within the business. This can simplify recruitment procedures, where previous unsuccessful applicants can be approached first, without having to place job ads or cast a wide net.

• Direct marketing

• Turnover

• Labour market

• Talent pooling

It signifies the process of bringing on new staff into the business, but in a way that doesn’t just stop at the interview. It carries new employees through the process of the offer and acceptance, induction, tasks such as payroll, tax and superannuation compliance, and other initial training.

• Selection

• Onboarding

• Recruitment

• Job offer

An employee who reveals internal activities which contravene laws, regulations or company policy. Whistle-blowers have certain protections (and restrictions) under the Corporations Act 2001.

• Workers participation

• Brain drain

• Whistle blower

• Supervisor

Answer explanation

A set of guidelines for process improvement developed in the 1980s. It uses data to identify the root cause of manufacturing defects or anomalies and reduce this in the future by limiting the possibility of variability in outputs.

• Six sigma

• Workforce analysis

• Factor comparison

• Application programming interface

A single, large payment made to an employee, rather than smaller, incremental payments. For example, an employee taking a month of annual leave may be paid the entire month of wages in one transfer, rather than weekly.

• Final and ful settlement

• Total remuneration

• Lump sum payment

• Annual wage

The availability of human labour and positions to be filled within a defined area. This may be measured on a national, state or local level, depending on the purpose of the analysis.

• Background screening

• Talent pooling

• Talent sourcing

• Labour market

Both the voluntary and involuntary reduction of a company’s workforce through deaths, employee retirements, transfers, resignations and terminations.

• Resignation

• Retrenchment

• Attrition

• Demand in manpower