HR Competencies
Data-sorting technique in which a group categorizes and sub-categorizes data until relationships are clearly drawn.
What is Affinity diagramming
Amount of uncertainty that remains after all risk management efforts have been exhausted.
What is Residual risk
Process by which an organization seeks out candidates and encourages them to apply for job openings.
What is Recruitment
An organizational structure that leverages staff expertise in certain areas to improve the entire organization’s strategic performance.
What is Center of excellence (COE)
System for identifying, evaluating, and controlling actual and potential risks to an organization.
What is Risk management
Financial, physical, and sometimes intangible properties an organization owns.
What are Assets
Innovations created for or by emerging-economy markets and then imported to developed-economy markets.
What is Reverse innovation
Situations in which employees’ pay is above the range maximum.
What are Red-circle rates
Line of authority within an organization.
What is Chain of command
An organization’s desired gain or acceptable loss in value.
What is Risk position
Statement of an organization’s financial position at a specific point in time, showing assets, liabilities, and shareholder equity.
What is Balance sheet
Uncertainty that has an effect on an objective, where outcomes may include opportunities, losses, and threats.
What is Risk
Instruments that collect information on prevailing market compensation and benefits practices (including starting wage rates, base pay, pay ranges, statutory and market cash payments, variable compensation, and paid time off).
What are Remuneration surveys
Style of computing in which scalable IT-enabled capabilities are delivered as a service using Internet technologies.
What is Cloud computing
Tool used to gather individual assessments of various characteristics of risk (e.g., frequency of occurrence; degree of impact, loss, or gain for the organization; degree of efficacy of current controls).
What is Risk scorecard
Presentation to management that establishes that a specific problem exists and argues for a proposed solution.
What is a Business case
Amount of uncertainty an organization is willing to pursue or to accept to attain its risk management goals.
What is Risk appetite
Ability of an organization to keep its employees.
What is Retention
Form of corporate governance that requires a typical management board and a supervisory board and that allows management and employees to participate in strategic decision making.
What is Code-termination
Amount of uncertainty an organization is willing to pursue or to accept to attain its risk management goals.
What is Risk tolerance
Ability to use information to gain a deeper understanding of an organization and make sound business decisions.
What is Business intelligence
Action taken to manage a risk.
Risk control
Process of evaluating the most suitable candidates for a position.
What is Selection
Situation in which an organization shares responsibility and liability for their alternative workers with an alternative staffing supplier; also known as joint employment.
What is Co-employment
U.S. act that requires that all publicly held companies establish internal controls and procedures for financial reporting to reduce the possibility of corporate fraud.
What is the Sarbanes-Oxley Act (SOX)