What is the hybrid working model?
The hybrid working model is a work style that enables employees to blend working from different locations: home, on the go, or in the office.
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What is a salary review?
A salary review is the evaluation process managers conduct to determine if their teams’ salaries fairly and accurately reflect their work performances and changes in the cost of living.
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What is an HR functions list?
An HR functions list is a guide that defines the core responsibilities of HR professionals, summarizes their priorities, and clarifies their mission.
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What is quiet quitting?
Quiet quitting refers to the phenomenon where employees fulfill only the duties specified in their job description and choose not to take on additional responsibilities without an official promotion and pay raise.
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What is an Employee Resource Group (ERG?)
An Employee Resource Group (ERG) is a group of people within an organization who voluntarily join together based on shared identity, values, interests, perspectives, or goals.
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What is a job description?
A job description is a written explanation that outlines the essential responsibilities and requirements for a vacant position. Job descriptions should be thorough, clear, and concise.
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What are the objectives of compensation management?
The objectives of compensation management are to attract, engage, and retain employees through competitive compensation plans that align with the company budget, corresponding job-market, and government regulations.
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What is Human Capital Management?
Human Capital Management (HCM) fuses HR strategy and HR technology for better people management.
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What are supplemental wages?
Supplemental wages are a form of compensation employers offer in addition to base income. While base pay consists of hourly wages or a monthly salary, supplemental pay includes earnings such as severance pay, bonuses, commission, overtime pay, vacation and sick pay, reported tips, and sick leave payments.
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What is company culture?
Company culture is an organization’s expression of its core values and identity into social customs and norms, business practices, and vibe. Organizations, like religious or ethnic groups, naturally develop their own work cultures and distinct characteristics.
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What are soft HRM and hard HRM?
Soft and hard HRM are two different approaches to Human Resource Management. Human Resource Management (HRM) is the strategic approach toward acquiring, hiring, training, engaging, and retaining personnel.
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What is HR benchmarking?
Benchmarking is the process of comparing similar characteristics between or within businesses, identifying the most successful practices, and integrating them into the company procedure. After collecting data for comparison purposes, HR professionals can better determine the benchmark—the target they want to shoot for.
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What is HR tech?
HR tech (Human Resources technology) is a broad term that refers to the software and hardware technology used to automate essential HR functions. HR tech functions as co-pilot, helping HR professionals streamline time-consuming tasks.
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What is a performance review?
A Performance review is an in-depth assessment that managers conduct to gauge employee progress, strengths, and weaknesses, to help improve their productivity.
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What is the meaning of diversity management?
Diversity management is an organizational process used to promote diversity and inclusion in the workplace. This process involves implementing policies and strategies in hiring, management, training, and more. The goals of diversity management are to promote fairness and equality and benefit from the advantages of a diverse organization.
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What is DEI&B in the workplace?
Diversity, equity, inclusion, and belonging (DEI&B) in the workplace are intertwined values that involve hiring individuals of different backgrounds and perspectives and wholeheartedly encouraging their participation.
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