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. New Pages Conducting a Workforce Analysis | 23-04-07 Workforce analysis evaluates current workforce capabilities, identifies gaps, forecasts future needs, and develops strategies to align talent with organizational goals. Administrative Expert in Dave Ulrich's HR Model | 23-04-06 Administrative Experts streamline HR processes, manage compliance, optimize efficiency, and utilize HRIS, ensuring a well-structured HR function for organizational success. Employee Champion in Dave Ulrich's HR Model | 23-04-06 Employee Champions are vital HR advocates, fostering engagement, talent management, conflict resolution, and change, while promoting well-being and work-life balance. Change Agent in Dave Ulrich's HR Model | 23-04-06 Introduce a Change Agent by gaining leadership support, selecting a skilled individual, providing training, establishing a reporting structure, and monitoring progress. Strategic Partner Role in Dave Ulrich's HR Model | 23-04-06 Strengthen the Strategic Partner role through understanding strategic priorities, aligning HR practices, fostering collaboration, developing HR competencies, and leveraging analytics. Styles of Leadership | 23-04-05 Leadership styles are diverse, ranging from autocratic to democratic, and each style has its own strengths and weaknesses. Understanding these styles is critical for HR professionals to select the right approach, develop and support leaders, and create a culture of continuous improvement and growth. Employee Development Strategies | 23-04-05 Employee development strategies enhance workforce skills and knowledge. Common strategies include on-the-job training, formal programs, mentoring, job rotation, and e-learning. Strategic Workforce Planning Metrics | 23-04-03 Strategic workforce planning metrics help HR managers optimize processes, foster diversity, boost engagement, refine recruitment, and drive business performance. Strategic Workforce Planning Model | 23-04-03 Strategic workforce planning aligns HR with business needs, optimizing talent acquisition, retention, development, and succession for long-term competitive advantage. What is Strategic Workforce Planning | 23-04-03 Strategic workforce planning (SWP) aligns talent management with business objectives to ensure the right people, skills, and roles drive success and adaptability.