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What is people analytics?

People analytics is a data-driven method that aims to improve business decisions regarding employees and customers. Rather than solely relying on instinct or anecdotal experience, people analytics provides HR leaders with comprehensive data to make evidence-based, strategic decisions.

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What is HR analytics?

HR analytics is a data-driven method of improving decisions that impact HR functions. HR analytics depends on the quality of the data collected from HR metrics, such as:

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What is due diligence?

Due diligence is the inspection of a business agreement to assess its integrity and the risks involved. Like preparing homework before an upcoming lesson, exercising due diligence equips the relevant parties with the information they need before entering into a business contract or mutual relationship.

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What is workforce analytics?

Workforce analytics is a method of monitoring and examining employees’ work productivity to improve workflow.

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What is employee development?

Employee development is a process of educating employees so they can continue providing valuable contributions to their company.

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What is performance management?

Performance management is a comprehensive method of tracking employees' work performances and developing their skills so they can contribute optimally to department and company objectives.

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What is emotional intelligence in HR?

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

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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 the office. An effective hybrid work system encourages:

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What is an HR functions list?

An HR functions list is a guide that defines the five core responsibilities of HR professionals, summarizes their priorities, and clarifies their mission.  An HR functions list: Defines the HR department's role in the workplace Promotes positive collaboration between HR professionals  Aligns HR's objectives with the company mission Why would we need an HR functions list? HR professionals facilitate the behind-the-scenes preparations, setting the stage for employees to perform high-quality work. HR staff fills a variety of dynamic roles that demand different skills. Consolidating the HR functions into a list can encourage…

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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 are HR processes?

HR processes refer to the fundamental strategies that HR leaders implement to ensure successful employee lifecycles and work experiences.

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