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

AIHR

HR term example: “There are different types of HR Chatbots, including recruitment chatbots, onboarding chatbots, HR analytics chatbots, and (many) more.” HR term example: “Common software categories of an HR tech stack include core HR solutions, recruiting technology, and software related to employee experience.”

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Workforce Analysis: HR’s Introduction and Guide

AIHR

Understanding your organization’s strengths, weaknesses, and future needs in terms of its workforce is essential to making effective staffing decisions. Workforce analysis takes a broader approach than people analytics by using both employee and ROI data to make informed recruitment, retention, and employee management decisions.

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Talent Acquisition

AIHR

Talent acquisition vs. recruitment The terms talent acquisition, recruitment, strategic recruitment, and corporate recruitment are often used interchangeably. While talent acquisition and recruitment share the same primary goal of filling open positions in an organization, there are some notable differences.

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HR Finance 101: A Guide To Finance for HR

AIHR

On the other hand, HR is responsible for recruiting, motivating, and managing the people who advance those goals. For instance, HR can partner with finance to create a working hiring model that factors in scenarios such as the company’s forecasted growth and optimizing the costs of recruitment and training. Cost per hire.

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What is HR Analytics?

AIHR

Functions like recruitment, performance management, and learning & development will change. In his book, he describes how hiring practices changed at Google after they started to analyze their recruitment data. Case Study 3: How we Determined Optimal Staffing Levels.

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15 HR Analytics Case Studies with Business Impact

AIHR

Using IBM’s Watson machine learning capabilities, the workforce analytics team build an algorithm that included sources like recruitment data, tenure, promotion history, performance, role, salary, location, job role, and more. According to the report , productivity has also improved while recruitment cost have fallen.

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Workforce Analytics Move Beyond HR

AIHR

According to David Fineman, specialist leader at Deloitte Consulting , who co-authored the report, business leaders want insights into six focus areas that include workforce planning and shaping, recruiting and staffing talent optimization, culture and engagement, performance and rewards, and HR service delivery.