HR Glossary 3

It involves the identification of and response to HR functional and talent risks that inhibit the successful execution of strategic priorities.

• HR strategic planning

• HR prioritization

• Performance improvement

• Domain identification

when a company buys another company primarily for its staff and skills rather than its products or services.

• Resource identification

• Internal hiring

• Acquihire

• Enployee Transaction

A bonus wage and other direct or indirect benefits are provided by a company to its employees.

• Deferred compensation

• Employee assessment

• Well being policy

• Compensation and benefits

It is the yearly expenditure spent by a company on its employee. It is the total expenses that the employer is willing to spend for an employee during a financial year.

• Annual return

• Half yearly return

• Cost to the company

• Turnover

A team of people from different operational areas comes together to implement process improvements or to solve problems.

• Planning team

• Strategy planning team

• Cross functional team

• Internal Swapping

A meeting with a departing employee and an HR staff member.It is conducted like a survey, where the employee talks about their experience with the company.

• Exit interview

• Final duscussion

• Formal discussion

• Notice period

It refers to an individual or a company who provide recruitment services to employers and source the perfect candidates. It was hired by companies or employers to help them find the perfect candidate according to their job requirements.

• Sourcing

• Headhunter

• Behavioural Competency

• Selecting

It refers to a state of the environment in work where everyone feels that they belong there.

• Flexibility

• Exclusion

• Inclusion

• Building trust

A quantifiable performance indicator metric that analyzes how is the organization is working to achieve its goals and objectives

• Lateral hiring

• Key performance indicator

• Score and Ratings

• Leadership development

A metric used to measure the value a new hire brings to the company.

• Perform management

• Leadership development

• Resume parsing

• Quality of hire