Essential Human Resource Management Terminology
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- 1. Induction Training: A program to familiarize new recruits with the systems used in the business and the layout of the business site.
- 2. Labor Turnover: Measures the rate at which employees are leaving an organization.
- 3. Employment Contract: A legal document that sets out the terms and conditions governing a worker's job.
- 4. Off-the-job Training: All training undertaken away from the business.
- 5. Employee Appraisal: The process of assessing the effectiveness of an employee judged against preset objectives.
- 6. Person Specification: A detailed list of qualities, skills, and qualifications that a successful applicant will need to have.
- 7. Recruitment: The process of identifying the need for a new job to be filled, determining the type of person needed, and attracting suitable candidates.
- 8. Redundancy: When a job is no longer required, the employee doing this job becomes unnecessary through no fault of their own.
- 9. Dismissal: Being dismissed or sacked from a job due to incompetence or a breach of discipline.
- 10. Human Resource Management (HRM): The approach of effectively managing an organization's workers so that they help the business gain a competitive advantage.
- 11. Job Description: A detailed list of the key points about the job to be filled, stating all key tasks and responsibilities.
- 12. Training: Work-related education to increase workforce skills and efficiency.
- 13. Unfair Dismissal: Ending a worker's employment contract for a reason that the law regards as being unfair.
- 14. Diversity Policy: Practices and processes aimed at creating a mixed workforce and placing positive value on diversity in the workplace.
- 15. On-the-job Training: Instruction at the place of work on how a job should be carried out.
- 16. Equality Policy: Practices and processes aimed at achieving a fair organization where everyone is treated in the same way and has the opportunity to fulfill their potential.
- 17. Selection: Involves the series of steps by which candidates are interviewed, tested, and screened for choosing the most suitable person for a vacant post.