What does Kudos Mean?

What does kudos mean?

When you give someone kudos, you’re recognizing what they’ve achieved and showing your appreciation. Giving kudos regularly, and making it a central part of your company’s work culture, can have a dramatic effect on various aspects of your business.

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What is an HRIS Director?

What is an HRIS director?

An HRIS director takes care of an organization's HRIS software, data, and processes. They work closely with the HR and IT departments to keep the technology behind HR processes running smoothly.

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What is Employee Loyalty?

What is employee loyalty?

Employee loyalty is when your people choose to continue working with you for a long time because they love doing so. If you improve employee loyalty, you won’t just boost your employee retention rates—you’ll notice a positive effect on your business as a whole.

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What is offboarding?

Offboarding is the process of disengaging an employee from their position within a company, a practice used both for employees who choose to leave and for those who are laid off.

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What is a performance-based bonus?

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

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compensation plan

What is a compensation plan?

A compensation plan is a payment package designed to attract and retain employees. A basic compensation package consists solely of a salary or wages. A more comprehensive compensation package could include additional benefits such as bonuses, perks, commission, health insurance, or retirement investments. Compensation plans involve offering fair and competitive payments that simultaneously align with the company budget and promote business success. https://www.youtube.com/watch?v=xdicz6u06ro&list=PLy3JTofSJZvst0HUOnqPHjl_88eIVlvaN&index=3 What are the different types of compensation?  It's critical to build your compensation plan according to your budget and resources. This is especially important when structuring a…

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HR strategy

What is an HR strategy?

An HR strategy is an organized set of HR methods designed to support high-performance work and promote the company’s vision, mission, values, and objectives.

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What is people operations?

People operations is the management and development of an organization’s workforce. Departing from traditional human resources (HR), people operations employs a more holistic approach, humanizing impersonal systems and processes to increase productivity and employee engagement.

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What is pay equity?

Pay equity refers to equal pay for team members performing “similar” job duties–—irrespective of gender, race, ethnicity, or any other protected characteristics.

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Quiet Quitting

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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employee resource group (ERG)

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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Human Capital Management (HCM)

What is Human Capital Management?

Human Capital Management (HCM) fuses HR strategy and HR technology for better people management.

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Supplemental Wages

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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