Category: HR Terms – A Glossary

  • Compensation in Human Resources

    Compensation in Human Resources

    Introduction In the realm of Human Resources (HR), ‘compensation’ encompasses all forms of pay and rewards that employees receive for their performance. This broad concept plays a crucial role in organizational management and employee satisfaction. Definition and Scope Compensation in HR refers to the combination of monetary and non-monetary rewards given to employees. This includes:…

  • Benefits Administration in Human Resources

    Benefits Administration in Human Resources

    Benefits administration is a critical component of human resources management that involves the organization, management, and operation of employee benefits within a company. These benefits can encompass a variety of forms of compensation other than direct wages, including health insurance, retirement plans, paid time off, and other perks that contribute to the overall remuneration package…

  • 360-Degree Feedback

    360-Degree Feedback

    Definition:360-Degree Feedback is a method of performance appraisal where feedback about an individual’s performance is obtained from a variety of sources, typically including peers, subordinates, superiors, and occasionally external sources like customers and suppliers. This approach offers a holistic view of an individual’s performance from different perspectives, thereby providing a more comprehensive understanding of their…

  • Benchmarking in Human Resources

    Benchmarking in Human Resources

    DefinitionBenchmarking is the process of comparing an organization’s practices and metrics to industry bests or best practices from other industries. This systematic approach enables organizations to identify areas for improvement and drive performance enhancement by learning from the best in the field. Background Benchmarking originated in the manufacturing sector but has since been adopted across…

  • Collective Bargaining

    Collective Bargaining

    Definition: Collective bargaining is the process by which workers, through their representatives or trade unions, negotiate with employers about the terms and conditions of employment. This can include wages, working hours, benefits, workplace safety, job training, and other employment-related issues. Historical Background: Originating in the 19th century during the rise of industrialization, collective bargaining developed…

  • Understanding Affirmative Action in Human Resources

    Understanding Affirmative Action in Human Resources

    Affirmative Action is a term widely used in the realm of human resources, representing a set of policies and practices aimed at promoting equal employment opportunities for all, irrespective of their race, color, religion, sex, or national origin. Originating in the United States, the concept has been adopted and adapted by various countries to address…

  • At-Will Employment

    At-Will Employment

    Definition:At-will employment refers to an employment relationship in the U.S. where either the employer or the employee can end the relationship at any time, with or without cause or notice, unless an agreement specifies otherwise. History:Tracing its roots to Horace C. Wood’s 1877 treatise on master-servant relations, at-will employment evolved as the default rule in…

  • Performance Appraisal: A Formal Assessment of an Employee’s Performance

    Definition: Performance appraisal, also known as performance review, employee appraisal, or performance evaluation, is a systematic process by which an organization evaluates an employee’s performance in relation to job-related criteria and organizational objectives. This assessment is typically done at regular intervals, often annually or semi-annually, to provide feedback to employees on their job performance, recognize…

  • On-the-Job Training (OJT)

    Definition On-the-Job Training (OJT) refers to a method of teaching the skills, knowledge, and competencies required for employees to perform a specific job within the workplace or work environment. This form of training takes place while an individual is actively performing and carrying out their job functions. Overview The primary feature of OJT is that…

  • HR Analytics (in Hiring)

    Definition HR analytics, specifically in the context of hiring, refers to the process of using data-driven insights to make informed decisions about talent acquisition. It involves collecting, analyzing, and interpreting data related to recruitment, selection, and onboarding to optimize and enhance hiring outcomes. Overview Human Resources (HR) has traditionally been tasked with managing personnel, ensuring…