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The Compehensive Dictionary of HR Terms To Know [In 2024]

AIHR

It’s a handy reference to refer to the next time you encounter an unfamiliar term. HR terms list Compensation & Benefits terms 1. HR term example: “Broadbanding offers flexibility in employee compensation and encourages people to develop new skills to move higher within the pay range.” ” 2.

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Fluid Organization Design: Putting the “Fun in Fungible”

AlignOrg

Let’s discuss this flexible concept of hiring and staffing, often referred to as fungible talent. The term “fungible” typically refers to something that is interchangeable with something else of equal value – think trading the dollar in your pocket for 10 dimes. What is Fungible Talent? Ready to Learn More?

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Talent Acquisition vs. Recruitment: The Differences and HR’s Key Role

AIHR

Employees refer candidates from their personal and professional networks that they know and believe to have a high organizational fit. Talent acquisition anticipates the future workforce needs of a company, while recruitment fulfills instant staffing needs. Making initial phone calls to candidates to evaluate applicants further.

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HR’s Guide to Analyzing and Lowering Attrition Rate

AIHR

It is also referred to as termination , planned or voluntary resignation, structural changes, and layoffs. Employee turnover refers to the rate at which new hires replace employees who leave their companies. Compensation Compensation plays a factor in whether an employee remains or chooses to leave for a higher-paying job.

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25 Workforce Management Metrics You Should Track

AIHR

They can also facilitate more agile decisions, optimize workforce efficiency, and better align staffing strategies with long-term business goals. Workforce management (WFM) is a strategic process that aligns staffing with business goals, ensuring the right employees with the right skills are available when needed. GET STARTED 11.

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fired employee says he’s coming to a work event, employee never saves things on our shared drive, and more

Alison Green

I feel like she is owed some type of compensation beyond her regular pay for that day. This was to no avail, as here we are now in April and my coworker still has not been compensated and has heard nothing on this matter from anyone. What’s up with lengthy reference questionnaires? Your coworker didn’t work for free.

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Sourcing vs. Recruiting: The Key Differences and Processes Explained

AIHR

Let’s further unpack what sourcers do during this time in the hiring process: Key responsibilities of a sourcer Work with the hiring managers and recruiters to provide the company’s staffing requirements and align their activities in the talent acquisition process. Then, recruiters refine the selection process.