Cost per hire (CPH) is a recruitment metric that companies use to determine the expense of each stage of the hiring process. The American National Standards Institute developed this formula to calculate cost per hire: (External recruiting cost + internal…
A new hire probationary period is the first stage of employment, during which an employee…
Statutory sick pay (SSP) is a U.K.-government mandated compensation that employers pay to employees who…
Mindfulness in the workplace is an awareness of thoughts, emotions, and actions that enables an…
Employee motivation is a staff member's enthusiasm and eagerness to contribute quality work to their…
An employee wellness program is a benefits system designed to help personnel maintain physical, emotional,…
Payroll software is a computer program that automates the payment process for greater efficiency and…
Employee engagement refers to a professional’s motivation and commitment to perform high-quality work and contribute…
Learning and development (L&D) is an HR process that enables employees to upgrade their competencies…
A sabbatical leave is a career break, usually between one and three months, that enables…
HR analytics is a data-driven method of improving decisions that impact HR functions. HR analytics…
Due diligence is the inspection of a business agreement to assess its integrity and the…
Workforce analytics is a method of monitoring and examining employees’ work productivity to improve workflow.
Employee development is a process of educating employees so they can continue providing valuable contributions…
Emotional intelligence (EQ) is the ability to recognize and regulate emotions effectively.
Deferred compensation is a remuneration model that enables employees to postpone receiving a portion of…