What is empathy in the workplace? - Empathy-in-the-workplace-Glossary-banner-3.png

What is empathy in the workplace?

Empathy in the workplace is the ability to be understanding towards colleagues and sensitive to their unique perspectives, work styles, and ideas.

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What is compensation management software? - Compensation-management-software-Glossary-banner-2.png

What is compensation management software?

Compensation management software is a dedicated planning system that streamlines employee data and budget planning to create optimum employee compensation packages.

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What is employee attrition?

Employee attrition is the naturally occurring, voluntary departure of employees from a company. Employee attrition involves leaving a job for:

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What is an applicant tracking system? - Applicant-tracking-system-Glossary-banner-1.png

What is an applicant tracking system?

An applicant tracking system (ATS) is a software that simplifies the recruitment process by helping HR sort through job applicants and selects the most suitable candidate. This sophisticated filing system organizes and stores applicants’ information in a centralized database, managing the entire recruitment process in one system.

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What is a performance-based bonus?

A performance based bonus is an extra compensation granted to an employee as a reward for reaching pre-established goals and benchmarks.

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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 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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