What is core HR?
Core HR is an umbrella term used to refer to three distinct things: The primary functions of a human resources department Basic data captured about employees The software used to enable the above two
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What is a written warning?
A written warning is an admonition employers give staff members concerning behavior or performance issues. Typically, employers send a written warning only after giving one or more verbal warnings.
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What is an HR dashboard?
An HR dashboard is a management tool that visualizes and summarizes information, reports, and KPIs related to HR. It allows HR professionals to track and analyze metrics related to the performance of various initiatives and departments, helping with organization, reporting, decision-making, and gathering valuable insights.
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What is a Human Resources Management System (HRMS)?
A Human Resources Management System (HRMS) is a set of software applications that assists HR professionals in managing HR functions efficiently.
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What is an employee value proposition (EVP)?
An employee value proposition, also called EVP, is the sum of all the benefits and rewards people receive in exchange for performance in the workplace. It’s essentially what you, as an employer, can offer in return for a person’s skills, experience, and abilities.
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What is affinity bias?
Affinity bias, also referred to as similarity bias, is the unconscious human tendency to gravitate toward other people with similar backgrounds, interests, and beliefs. While we may think that we actively make conscious choices to surround ourselves with people based on their character, the reality is that we aren’t very good at being objective when choosing who we like and want to be around. More often than not, people tend to gravitate towards others simply because they remind them of themselves.
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What are paid holidays?
Paid holidays are days of festivity or recreation when people can take a paid day off. These may be state, national, or religious holidays. US federal law does not require employers to pay their people for holiday days.
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What is an employee directory?
An employee directory is a resource dedicated to storing information about the members of an organization, including their names, job titles, and contact information. Some directories may also include other information such as biographies and fun facts.
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What is organizational structure?
Organizational structure is the system by which an organization directs its activities in order to achieve its goals. It can include various elements, including rules, roles, and responsibilities. Organizational structure determines the flow of work and information through a company and its levels.
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What is employee tenure?
Employee tenure, or job tenure, is the length of time a person has worked for a particular employer. HR professionals usually categorize job tenure into two groups: long and short. Some employers view tenure as an essential criterion for hiring new people.
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What is a merit increase?
A merit increase is a salary raise granted to an employee for outstanding work performance or achievements. Eligibility for a merit increase is based on a company’s budget, internal criteria, merit metrics system, and the employee’s value in the job market.
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What is compensation management?
Compensation management is the process of managing analyzing and determining the salary, incentives, and benefits each employee receives.
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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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What is seasonal employment?
Seasonal employment is a type of temporary employment in which the person works during certain times of the year. It is typically part-time, but there are also full-time, seasonal positions. Businesses that open only during certain parts of the year, like summer camps, hire seasonal employees. Other examples of companies that hire seasonal employees are those that need extra help during peak times, such as the holiday season.
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What are gross wages?
Gross wages refer to the amount of money earned before taxes are withheld from a paycheck and are the monthly salary people agree to when accepting a job. On a pay stub, gross wages are at the bottom of the page—usually in a larger font.
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What is time in lieu?
Time in lieu, also referred to as time off in lieu or TOIL, is when a person takes time off as an alternative to pay for overtime hours. It is a specific type of benefit employers can offer, creating a more flexible workforce.
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