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What is due diligence?

Due diligence is the inspection of a business agreement to assess its integrity and the risks involved. Like preparing homework before an upcoming lesson, exercising due diligence equips the relevant parties with the information they need before entering into a business contract or mutual relationship.

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What is workforce analytics?

Workforce analytics is a method of monitoring and examining employees’ work productivity to improve workflow.

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What is employee development?

Employee development is a process of educating employees so they can continue providing valuable contributions to their company.

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What is performance management?

Performance management is a comprehensive method of tracking employees' work performances and developing their skills so they can contribute optimally to department and company objectives.

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What is emotional intelligence in HR?

Emotional intelligence (EQ) is the ability to recognize and regulate emotions effectively.

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What is a confidentiality agreement?

A confidentiality agreement, also known as a non-disclosure agreement (NDA), is a binding contract between two parties that holds each side accountable for protecting private information.

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What is an HR functions list?

An HR functions list is a guide that defines the five core responsibilities of HR professionals, summarizes their priorities, and clarifies their mission.  An HR functions list: Defines the HR department's role in the workplace Promotes positive collaboration between HR professionals  Aligns HR's objectives with the company mission Why would we need an HR functions list? HR professionals facilitate the behind-the-scenes preparations, setting the stage for employees to perform high-quality work. HR staff fills a variety of dynamic roles that demand different skills. Consolidating the HR functions into a list can encourage…

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What is employee retention rate?

Employee retention rate is a metric that measures the percentage of employees who remain employed over a specific period.

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What is HCM?

Human Capital Management (HCM) refers to the fusion of HR strategy with HR technology to successfully manage employees.

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What is social distancing in the workplace?

Social distancing in the workplace is a government-mandated protocol designed to minimize the spread of COVID-19 in office settings.

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What is employee net promoter score (eNPS)?

Employee net promoter score (eNPS) is a metric that assesses employees’ job satisfaction by measuring their readiness to recommend their company to others.

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What is a career path ratio?

Career path ratio is an HR metric used to calculate an employee’s rate of growth, based on vertical and lateral movement within the organization.

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What is an attendance policy?

An attendance policy is a document that defines company rules of employee attendance, to reduce absences and encourage a productive work environment.

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What is HR benchmarking?

Benchmarking is the process of comparing similar characteristics between businesses, identifying the most successful practices, and integrating them into the company procedure.

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What is employee turnover?

Employee turnover is an HR metric that measures the rate at which employees leave their jobs, voluntarily or involuntarily, over a specific duration of time.

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