Employee retention rate is a metric that measures the percentage of employees who remain employed over a specific period.
Compensatory time off is paid time off that employees can accrue in return for working overtime. Instead of compensating employees time and a half for their overtime hours, compensatory time off provides time off plus pay.
HR processes refer to the fundamental strategies that HR leaders implement to ensure successful employee lifecycles and work experiences.
HR automation is a self-operating computerized service that allows HR professionals to manage personnel more efficiently and productively. HR automation has disrupted the traditional HR office. It’s taking over jobs that involve high-risk factors and performing menial tasks with greater efficiency and consistency. HR automation can aid with:
Human Capital Management (HCM) refers to the fusion of HR strategy with HR technology to successfully manage employees.
Social distancing in the workplace is a government-mandated protocol designed to minimize the spread of COVID-19 in office settings.
People management refers to the practice of recruiting, training, engaging, and retaining employees to optimize their talent and maximize their productivity.
HRIS (Human Resource Information System) is a software that stores, manages, and tracks employee-related data.
HR tech, (Human Resources technology), is a broad term that refers to the software and hardware technology used to automate a variety of essential HR functions.
An absenteeism policy is a document that details company procedures regarding employee absences during scheduled work hours.
A Cost-of-living adjustment (COLA) is a company-wide compensation increase that corresponds to a rise in the cost of living.
Employee net promoter score (eNPS) is a metric that assesses employees’ job satisfaction by measuring their readiness to recommend their company to others.
An employee handbook is a manual that guides employees through their employment journey by explaining policies, procedures, expectations, and company culture.
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.
A company code of conduct is a formal document that explains acceptable workplace behavior and practices to ensure employee alignment with company values and culture.
Diversity and inclusion in the workplace are intertwined values that encompass hiring individuals of different backgrounds and perspectives, and wholeheartedly encouraging their participation.