Content with the tag HR Terms


Competitive Advantage
Competitive advantage enables a firm to outperform rivals via cost leadership, differentiation, or focus. It fosters market share growth, profitability, and long-term success.
Insubordination
Insubordination is willful disobedience or disrespect towards authority, causing reduced productivity, lower morale, and potential legal issues. Addressing it is crucial.
Attrition Rate
Attrition rate measures employee departures over a period, including voluntary & involuntary exits. It indicates workforce stability, satisfaction, and org health.
Growth Mindset
A growth mindset is a belief that intelligence and abilities can be developed over time. It is the opposite of a fixed mindset, which is the belief that intelligence and abilities are static and cannot be changed.
How can I reduce employee turnover in my business?
How can Human Resources reduce employee turnover by taking simple steps.
Employee Turnover
Employee turnover is a basic and critical HR metric, which shows the ratio between leavers and the total workforce. Why is it important and how to manage turnover.
Spans & Layers
Definition and explanation of efficiency tool - Spans and Layers
Benchmarking
Benchmarking is a common technique where a company compares its performance ... either internally or externally and identifies vulnerabilities and strengths
Storytelling
Storytelling is a top skill of leadership, the presenter does not present a dry presentation but tells a compelling story that engages the audience. How?
Buzzword
A small definition of a buzzword.
Antifragility
Antifragility definition, explanations and usage, primarily in Human Resources
Millennial
A millennial is a person born before the end of the 20th century and forms the emerging working generation.
Pareto Principle
The Pareto Principle is an absolutely perfect servant when you know how to use it correctly. How to achieve excellent results with little effort.
KRA (Key Result Area)
A Key Result Area (KRA) is an area that a company, team or employee must focus on because it is a source of sustainable competitive advantage.
Personal Brand
A few warm and kind words about me, the author of HRM Handbook
KPI
KPI or Key Performance Indicator is a metric used to determine the performance of a process. It is also often used as a goal given to employees for final evaluation.
HR Terms Definitions
Human Resources is not rocket science, but sometimes we use some terms (expressions) for which it is good to know their general definition.

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Competitive Advantage | 23-03-25
Competitive advantage enables a firm to outperform rivals via cost leadership, differentiation, or focus. It fosters market share growth, profitability, and long-term success.
Induction Training | 23-03-25
Induction training introduces new hires to an organization's culture, policies, and procedures, fostering a smooth transition and enhancing engagement and productivity.
Pay Equity | 23-03-25
Pay equity audits ensure fair compensation by identifying disparities in pay based on gender, race, or other factors, promoting an inclusive work environment.
Annual Bonus | 23-03-23
Annual bonuses can boost motivation, retention & company success, but clarity, fairness, & transparency are key to avoid dissatisfaction & increased turnover.
Profit Sharing Compensation Scheme | 23-03-23
Profit sharing schemes align employee interests with company success, boosting motivation, engagement, and collaboration, while requiring careful implementation.
Skill-Based Pay | 23-03-22
Skill-based pay rewards employees for skills & competencies, fostering growth, adaptability & satisfaction. Despite challenges, it's a valuable modern pay strategy.
Total Rewards Approach | 23-03-22
Total Rewards Approach combines compensation, benefits, work-life balance, career development, and recognition to attract, retain, and engage top talent.
Strategic Compensation | 23-03-22
Strategic compensation is a long-term approach that aligns an organization's compensation practices with its overall business strategy, including attracting and retaining top talent, motivating employees, and achieving business goals. It involves designing a compensation plan that is competitive, fair, and sustainable, while also promoting employee engagement and productivity.
Why do people hate Human Resources? | 23-03-20
People may have a negative perception of Human Resources (HR) departments due to their role in enforcing company policies and procedures, as well as for their involvement in employee layoffs and terminations. HR is also often seen as bureaucratic and disconnected from the frontline workers.
Competency Model | 23-03-19
Competency models outline essential skills, knowledge, and behaviors for success, enhancing talent management, employee development, and organizational performance.