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.

Why should HR leaders care about a confidentiality agreement?

Trusting employees with invaluable information places the organization in a vulnerable position. Yet with a thorough and reasonable confidentiality agreement, the employer can protect against potential employee betrayal.

What can HR leaders do to ensure an effective confidentiality agreement?

1. Determine the objectives. 2.Consult a lawyer. 3.Specify the conditions and the timeline. 4.Educate employees. 5.Clarify government guidelines. 6.Sign the contract immediately.

How can an effectively implemented confidentiality agreement improve company culture?

A confidentiality agreement enables employees to assume collective responsibility for the company’s overall wellbeing and success.

HR Glossary: Every HR term you need to know

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:

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…

What is employee retention rate?

Employee retention rate is a metric that measures the percentage of employees who remain employed over a specific period.

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.

What are HR processes?

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

HR-management-automation-Glossary-banner

What is HR automation?

HR automation is a self-operating computerized service that allows HR professionals to manage personnel more efficiently and productively. HR automation has disrupted the traditional HR office. It’s taking over jobs that involve high-risk factors and performing menial tasks with greater efficiency and consistency. HR automation can aid with:

What is HCM?

Human Capital Management (HCM) refers to the fusion of HR strategy with HR technology to successfully manage employees.

What is social distancing in the workplace?

Social distancing in the workplace is a government-mandated protocol designed to minimize the spread of COVID-19 in office settings.

What is people management?

People management refers to the practice of recruiting, training, engaging, and retaining employees to optimize their talent and maximize their productivity.

What is a human resource information system (HRIS)?

HRIS (Human Resource Information System) is a software that stores, manages, and tracks employee-related data.

What is HR tech?

HR tech, (Human Resources technology), is a broad term that refers to the software and hardware technology used to automate a variety of essential HR functions.

What is an absenteeism policy?

An absenteeism policy is a document that details company procedures regarding employee absences during scheduled work hours.

Cost-of-living-adjustment-Glossary-banner

What is Cost-of-living adjustment (COLA)?

A Cost-of-living adjustment (COLA) is a company-wide compensation increase that corresponds to a rise in the cost of living.

What is employee net promoter score (eNPS)?

Employee net promoter score (eNPS) is a metric that assesses employees’ job satisfaction by measuring their readiness to recommend their company to others.

What is an employee handbook?

An employee handbook is a manual that guides employees through their employment journey by explaining policies, procedures, expectations, and company culture.