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.
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.
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.
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.
A Performance review is an in-depth assessment that managers conduct to gauge employee progress, strengths, and weaknesses, to help improve their productivity.
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.
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.
Employee satisfaction refers to professionals' overall contentment regarding their company and job. A high level of employee satisfaction implies that the employer is meeting people's needs in various areas, such as compensation and benefits, co-worker and manager relationships, career opportunities, and infusing meaning into the workplace.
Pay parity is the practice of paying people equitably. This means that those in the same job and location receive fair pay relative to each other regardless of their race, gender, sexuality, or any other identity. Specifically, the term refers to an effort to erase the gender pay gap between men and women in which women make, on average, less than men.
HRIS (Human Resource Information System) is a software that stores, manages, and tracks employee-related data.
Core company values are the main principles that guide companies in continuously prioritizing their mission, vision, and goals. Core values serve as an anchor for everyone, from CEOs to customer service success reps, steering them to make aligned, goal-oriented decisions.
Employee happiness is a fairly straightforward concept referring to the state of having a positive attitude and outlook on one’s work. Happy people are excited to go to their workplace. They enjoy what they do and the people they work with. They have high levels of employee engagement and job satisfaction.
HR processes refer to the fundamental strategies necessary to support the employee lifecycle and a positive employee experience. Each HR process follows an intricate pathway that demands strategic planning according to specific parameters and objectives. While every process involves its own procedures, all processes are interdependent.
A boomerang employee is a professional who leaves a company and is rehired at a later point to work in the same position or a different one. Boomerang employees follow a circular trajectory like the v-shaped throwing stick they are named after.
Employee wellbeing refers to a professional's holistic state of mental, emotional, and physical health. According to Gallup researchers, employee wellbeing includes five core components
Core HR is an umbrella term used to refer to three distinct things: The primary functions of a human resources department Basic data captured about employees The software used to enable the above two