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Just like HR acronyms and abbreviations , knowing how to employ HR terms is an integral part of working in humanresources. It’s a handy reference to refer to the next time you encounter an unfamiliar term. This article unpacks 93 HR terms, including a usage example for each. ” 7. ” 15. ” 16.
HR analytics is also referred to as people analytics, workforce analytics, or talent analytics. HumanResource analytics is about analyzing an organizations’ people problems using data. This is often done by calculating a Return on Investment (ROI). What is HR analytics? However, answering the second question is harder.
Metrics also help quantify such efforts' return on investment (ROI). It refers to the percentage of employees who leave the company within a specific period. Comparing the cost of employee turnover before and after implementing an ATS will quantify its ROI in this regard. We can track employee turnover over a given period.
BIK: Benefits In Kind Benefits In Kind (BIK) refer to any non-monetary compensation that employers provide to their employees. CHRO: Chief HumanResources Officer The CHRO is an organization’s HR and culture leader. They sit in the company’s executive team and are often also referred to as Chief People Officer.
Common examples of HRIS providers, especially at large companies, include Oracle, SAP, and Workday. This is another data source that is not typically captured in the HRIS. It can reveal informal influencers, communication bottlenecks, and cross-team dynamics. Financial data Financial data is another key business data source.
An HR Analyst, also referred to as HR Data Analyst or People Analyst, plays a key role in helping organizations make data-driven decisions related to their workforce. HR systems & implementation HR data comes from HR systems, often referred to as the HumanResourcesInformationSystem (HRIS).
This alignment has also been referred to as Strategic HumanResource Management. Commonly used selection instruments are structured and unstructured interviews, general mental ability tests, personality assessments, work tests, peer interviews, and reference checks. strive for best fit).
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