Category: HR Terms – A Glossary

Summary In the vibrant world of Human Resources, the concept of “culture fit” has emerged as a linchpin in fostering harmonious workplaces. This principle advocates for the alignment of an individual’s values, beliefs, and behaviors with the ethos and practices of their prospective organization. It underscores the importance of a symbiotic relationship between employees and…

Summary Conflict Resolution in Human Resources (HR) refers to the methods and processes used by organizations to address disagreements, disputes, and conflicts that arise within the workplace. It is a critical aspect of HR management, aiming to foster a harmonious work environment, improve communication, and maintain positive relationships among employees. Effective conflict resolution strategies can…

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 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…

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…

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…

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…