Recruitment and Staffing
This term refers to the process of integrating a new employee into the organization and its culture.
Onboarding
This "KSA" acronym represents the three main components of a job description.
Knowledge, Skills, and Abilities
These are non-monetary rewards provided to employs, such as health insurance ,paid time off and gym memberships..
Benefits.
This process sets expectations and goals for employees.
Goal Setting
The official term for a formal complaint filed by an employee regarding a violation of a labour contract or policy.
Grievance
Psychological phenomenon where a new hire feels a discrepancy between what was promised during recruitment and the reality of the job.
Cognitive Dissonance
Popular model for evaluating training effectiveness consists of four levels: Reaction, Learning, Behaviour, and Results.
Kirkpatrick Model
A compensation strategy where pay is determined by how well an individual or team performs against set targets.
Variable Pay
This review is conducted at the end of the appraisal cycle.
Annual Performance Review
This legal doctrine allows an employer to fire an employee for any reason, or no reason at all, if it isn't illegal.
Employment-at-Will
This advanced selection method assesses a candidate’s future potential by simulating real-work scenarios over a period of 1-2 days.
Assessment Centre
A development technique where an employee is moved through various departments to broaden their experience.
Job Rotation
This concept refers to the internal fairness of pay within an organization compared to the external market rate.
External Competitiveness
This error occurs when recent events overly influence evaluations.
Recency Bias
The process of negotiations between an employer and a group of employees (usually a union) to determine conditions of employment.
Collective Bargaining
This "Yield Ratio" identifies the percentage of applicants from a particular source who make it to the next stage of the recruitment funnel.
Selection Ratio
This specific type of "Gap Analysis" identifies the difference between current employee capabilities and the skills required for future organizational goals.
Training Needs Analysis or TNA?
A long-term incentive plan that grants employees the right to buy company stock at a fixed price in the future.
Stock Options
The "SMART" acronym for goal setting stands for Specific, Measurable, Achievable, Relevant, and this.
Time-bound
This term refers to "hostile work environment" or "this for that" behaviours that violate Title VII.
Sexual Harassment
The practice of hiring candidates based primarily on their alignment with the companies core values rather than skills alone.
Values-based Hiring
This "Curve," named after Hermann Ebbinghaus, shows that humans lose about 70% of new information within 24 hours if it isn't reinforced.
Forgetting Curve
A type of executive compensation that is paid out only if certain performance conditions are met over time.
Performance-Based Restricted Stock
This management tool uses four perspectives-Financial, Customer, Internal Process, and Learning/Growth-to track organizational performance.
Balanced Scorecard
This HR metric measures the total number of employees who leave an organization during a certain period, usually expressed as a percentage.
Turnover Rate