Emotional-intelligence-Glossary-banner

What is emotional intelligence in HR?

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

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Deferred-compensation-Glossary-banner

What is deferred compensation?

Deferred compensation is a remuneration model that enables employees to postpone receiving a portion of their salary to a later date to secure beneficial retirement and investment plans, and reduced tax rates.

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What is a 360-degree review?

A 360-degree review is a feedback system that enables designated staff members, colleagues, and managers to evaluate an employee’s work performance and competencies.

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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 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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HR-functions-list-Glossary-banner

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. An HR functions list: Specifies the HR department’s role in the workplace Promotes positive collaboration between HR professionals  Aligns HR’s objectives with the company’s mission Why would we need an HR functions list? HR staff fills a variety of dynamic roles that demand different skills. Consolidating the many HR functions into a list can encourage HR professionals to focus on their collective workplace purpose, especially amidst the continuous…

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What is employee retention rate? | HiBob

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 compensatory time off?

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.

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What is HR automation?

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:

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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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People Management

What is people management?

People management refers to the practice of recruiting, training, engaging, and retaining people to optimize their talent and maximize their productivity. People management strategies address people’s needs, unique talents, and career objectives while supporting their alignment with company goals and values.

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What is an absenteeism policy?

An absenteeism policy is a document that details company procedures regarding employee absences during scheduled work hours.

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What is Cost-of-living adjustment (COLA)?

A Cost-of-living adjustment (COLA) is a company-wide compensation increase that corresponds to a rise in the cost of living.

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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 an employee handbook?

An employee handbook is a manual that guides employees through their employment journey by explaining policies, procedures, expectations, and company culture.

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