Category: HR Terms – A Glossary
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Harmonizing Workplaces: The Role of Culture Fit in HR
Summary In the vibrant world of Human Resources, the concept of “culture fit” has emerged as a linchpin in fostering harmonious workplaces. This principle advocates for the alignment of an individual’s values, beliefs, and behaviors with the ethos and practices of their prospective organization. It underscores the importance of a symbiotic relationship between employees and…
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Conflict Resolution in HR
Summary Conflict Resolution in Human Resources (HR) refers to the methods and processes used by organizations to address disagreements, disputes, and conflicts that arise within the workplace. It is a critical aspect of HR management, aiming to foster a harmonious work environment, improve communication, and maintain positive relationships among employees. Effective conflict resolution strategies can…
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Compensation in Human Resources
Introduction In the realm of Human Resources (HR), ‘compensation’ encompasses all forms of pay and rewards that employees receive for their performance. This broad concept plays a crucial role in organizational management and employee satisfaction. Definition and Scope Compensation in HR refers to the combination of monetary and non-monetary rewards given to employees. This includes:…
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Benefits Administration in Human Resources
Benefits administration is a critical component of human resources management that involves the organization, management, and operation of employee benefits within a company. These benefits can encompass a variety of forms of compensation other than direct wages, including health insurance, retirement plans, paid time off, and other perks that contribute to the overall remuneration package…
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360-Degree Feedback
Definition:360-Degree Feedback is a method of performance appraisal where feedback about an individual’s performance is obtained from a variety of sources, typically including peers, subordinates, superiors, and occasionally external sources like customers and suppliers. This approach offers a holistic view of an individual’s performance from different perspectives, thereby providing a more comprehensive understanding of their…
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Benchmarking in Human Resources
DefinitionBenchmarking is the process of comparing an organization’s practices and metrics to industry bests or best practices from other industries. This systematic approach enables organizations to identify areas for improvement and drive performance enhancement by learning from the best in the field. Background Benchmarking originated in the manufacturing sector but has since been adopted across…
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Collective Bargaining
Definition: Collective bargaining is the process by which workers, through their representatives or trade unions, negotiate with employers about the terms and conditions of employment. This can include wages, working hours, benefits, workplace safety, job training, and other employment-related issues. Historical Background: Originating in the 19th century during the rise of industrialization, collective bargaining developed…
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Understanding Affirmative Action in Human Resources
Affirmative Action is a term widely used in the realm of human resources, representing a set of policies and practices aimed at promoting equal employment opportunities for all, irrespective of their race, color, religion, sex, or national origin. Originating in the United States, the concept has been adopted and adapted by various countries to address…
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At-Will Employment
Definition:At-will employment refers to an employment relationship in the U.S. where either the employer or the employee can end the relationship at any time, with or without cause or notice, unless an agreement specifies otherwise. History:Tracing its roots to Horace C. Wood’s 1877 treatise on master-servant relations, at-will employment evolved as the default rule in…
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Performance Appraisal: A Formal Assessment of an Employee’s Performance
Definition: Performance appraisal, also known as performance review, employee appraisal, or performance evaluation, is a systematic process by which an organization evaluates an employee’s performance in relation to job-related criteria and organizational objectives. This assessment is typically done at regular intervals, often annually or semi-annually, to provide feedback to employees on their job performance, recognize…