HR Glossary: Every term you need to know | Page 8 of 12 | HiBob

9-box model

What is 9-box model?

The 9-box model, also known as the 9-box grid, is a tool used to analyze, display, and compare employee work performance and potential. This user-friendly performance map is a talent management tool that helps HR and managers effectively identify leaders and strategically prepare employees for future roles. The 9-box model is a self-explanatory chart that helps leaders place the right person in the right position at the right time. The grid includes an X and Y axis, with the X-axis representing performance and the Y-axis, potential. Leadership teams can measure…

employee performance evaluation

What is an employee performance evaluation?

An employee performance evaluation is an assessment process that tracks an employee's work progress throughout the employment period. Like performance reviews, employee performance evaluations document the employee’s journey-- their accomplishments, setbacks, strengths, and weaknesses-- to provide a big picture of the overall work performance. Depending on the company, its structure, and the industry, organizations may use different criteria and metrics for their evaluation system. Some organizations may prefer to incorporate the 360-degree review or staff review, while others may rely heavily on self-assessment and manager observation. Why should HR leaders…

workforce planning

What is workforce planning?

Workforce planning is the process of building a robust organization through attracting, hiring, and training suitable candidates within each department. Businesses use workforce planning to avoid under or overstaffing and to support hiring employees with appropriate levels of knowledge, skills, and experience. Incorporating a workforce planning strategy enables companies to carefully respond to emerging economic or technological trends disrupting the workplace. Just as individuals meal plan to avoid routine consuming fast food and support optimal health, companies “workforce plan” to maintain a healthy and functioning staff and successful organization. Why…

Talent management

What is talent management?

Talent management is a holistic method of recruiting, hiring, and engaging high-performing employees to achieve company objectives. An offshoot of HR management, talent management offers a strategic, integrated approach to attracting quality employees and optimizing their competencies. HR influencer Josh Bersin explains the evolution of talent management. Known as the Personnel Department in the 1970s, it focused on the rudimentary functions of hiring, paying, and offering basic benefits. In the 1990s, the department transformed into Strategic HR, aiming to attract and engage desirable employees. Today, talent management strives to increase…

Predictive HR analytics

Predictive HR analytics

Predictive HR analytics is a tech tool that HR uses to analyze past and present data to forecast future outcomes. Predictive HR analytics digitally digs through data to extract, dissect, and categorize information and then identify patterns, irregularities, and correlations. Through statistical analysis and predictive modeling, analytics enables data-driven decisions regarding HR functions. Predictive HR analytics systems are reminiscent of the earthworm. The worm ingests natural waste and residue and excretes nutrient-rich, fertile soil material. Predictive analytics, too, intakes unused, raw data to transform it into applicable information that supports…

Employee management software

What is employee management software?

Employee management software is an integrative tech system that assists in tracking, monitoring, recruiting, hiring, and communicating with employees. Usually, cloud-based employee management software aids HR professionals in overseeing every step of the employee lifecycle, providing a variety of automated services such as: Onboarding Payroll Performance review evaluations Two-way employee-manager feedback Employee recognition functions Company policy communication Why should HR leaders care about employee management software? Employee management software offers a cost-effective way to: Streamline HR processes Maintain accuracy and efficiency while reducing human error Boost understanding of and compliance…

Employee satisfaction survey

What is an employee satisfaction survey?

An employee satisfaction survey is a questionnaire that measures the contentment level of personnel regarding the various components of their job. The purpose of the employee satisfaction survey is to provide actionable data to improve the employee experience. An employee satisfaction survey can include various answer types, such as checkbox, rating scales, and open-ended answers. Why should HR leaders care about employee satisfaction surveys? An employee satisfaction survey can provide valuable insights into how the organization can enhance the employee experience and nurture business growth. By strategically designing the survey,…

Parental leave

What is parental leave?

Parental leave is time off for mothers and fathers to take care of a child for medical or non-medical reasons. Employees can use parental leave following the birth, adoption, or fostering of a child or to ensure a child's welfare. In the United States, the FMLA enables eligible parents to take twelve weeks of unpaid time off, while federal employees can receive up to 12 weeks of paid time off. In the U.K., the government allows 18 weeks per child of unpaid parental leave, up to the child's 18th birthday. …

Workforce management

Workforce management

Workforce management (WFM) is the strategic organization of labor to achieve optimal productivity and company objectives. Workforce management typically includes: Employee scheduling Time tracking and attendance Forecasting Compliance tracking Payroll and benefits Time off and vacation planning A basic form of workforce management has always existed-- for example, businesses would track work hours or plan employee vacation times. Today workforce management has evolved into an integrated part of HR software systems, automating and streamlining HR processes to create highly efficient, precise, and reliable results. Why should HR leaders care about…

Employee benefits

Employee benefits

Employee benefits are a form of compensation that employers provide (along with a salary) to create a well-rounded, attractive payment package. Employee benefits vary, depending on the relevant government labor laws. In the United States, each state has its own regulations regarding employee benefits. Government-mandated benefits include: Social Security Healthcare or Medicare FMLA or time off for family In addition to government benefits, employers often offer: Paid time off for holidays, vacation days, and sick leave Health and life insurance Personal leave Disability insurance Retirement plans Generous employers may add…

Cultural safety

What is cultural safety?

Cultural safety is the appreciation and protection of employee individuality, enabling employees to fulfill their roles and express themselves freely. Cultural safety encompasses both physical and psychological safety. Physical safety means that the material work environment must be free of harmful toxins and hazardous conditions and conducive to productivity. Psychological safety implies that the company encourages employees to take risks, voice their opinions, ask questions, and make mistakes through valuing honesty, courage, and humility. Why should HR leaders care about cultural safety? An organization that prioritizes cultural safety ideally empowers…

Compassionate leave

What is Compassionate Leave?

Compassionate leave is time off from work for employees to deal with a family emergency. Compassionate leave generally encompasses: Caring for an ill dependent such as a parent, child, or spouseMaking arrangements for the funeral of a dependent It's incumbent upon each organization to determine its compassionate leave policy. Essential components to include: Length of leavePaid or unpaid time offOptions to receive additional time off or take leave for a non-dependent family member Classification of bereavement or compassionate leaveWhen to report the emergency and to whomAdministration of employee return to work…

Employee recognition

What is employee recognition?

Employee recognition is the acknowledgment of an individual's work accomplishment by expressing gratitude or praise. Employers often recognize employees for: Working for an extended period (generally beyond five years) Exemplary work performance Innovation or achievements Notable personal development Workforce or system improvement According to Gallup research, employees find these methods of employer recognition highly impactful: Publicly acknowledging employees through praise, an award, or a certificate Private acknowledgment from a boss, coworker, or customer Receiving an extremely positive evaluation regarding accomplishments Receiving a monetary award or compensation Earning a promotion, greater…

Succession planning

What is succession planning?

Succession planning in HR is the process of preparing people for future roles to support continuous business functioning. Succession planning is a long-term, strategic investment that buffers both large and medium-sized businesses against inevitable future disruptions or sudden job vacancies. Usually spanning one to three years, succession planning involves training and educating people so they can assume new positions with confidence and poise.

merit increase process

What is a merit increase process?

A merit increase process is a method of determining how frequently to offer merit increases, the percentage of increase, and who qualifies for the merit increase. To implement a data-driven merit increase process, HR leaders must assess employees' merit eligibility, internal and external value, and establish a merit allocation strategy. Why should HR leaders care about the merit increase process? A thorough merit increase process is an essential element of a smoothly-functioning company ecosystem. Properly planning the merit increase process enables companies to reward high-performing employees with competitive salary increases…