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

Analytics in HR

This article unpacks 93 HR terms, including a usage example for each. HR term example: “Broadbanding offers flexibility in employee compensation and encourages people to develop new skills to move higher within the pay range.” HR term example: “Compassionate leave is not the same as bereavement leave.

COMPAS 89
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10 vital HR metrics to track for your business

Business Management Daily

Rigolizzo about what HR professionals need to know about this vital tool. Dr. Rigolizzo: Particularly within HR, data analytics is essential and not something HR has traditionally used as a key tool, but the use of data to make decisions is becoming commonplace, and therefore HR data analytics careers are in high demand.

COMPAS 59
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Workforce Planners: 4 Steps to Improving Profit Margins for Services

Visier

In these cases, the client may be able to perform the work itself, but hires the firm because it can perform the service more efficiently. To inform this assumption, you can look at past compensation data and assess compensation changes for junior and senior staff in similar roles in the past.

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Learn a new word: Positive Predictive Value

Steve Boese

The most common applications of predictive tech in HR have been to assess and rank candidates for a given job opening, to estimate an individual employee's flight risk, and to attempt to identify those employees with high potential or are likely to become high performers. But the opposite, of course is also true.

COMPAS 68
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Compensation and Benefits

Analytics in HR

For example, perks like bonuses, stock options, 401k matches, pension plans, paid time off , and even free lunches are all attractive to different people and make up an essential part of the compensation and benefits package. For example, in the United States, health insurance makes up a key component of benefits.

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Questions to ask before letting an algorithm make HR decisions

Steve Boese

Nearing the halfway mark in 2018 and I am ready to call it right now - the topic/trend that has and will continue to dominate the HR and HR technology discussion this year is Artificial Intelligence or AI. But what if Compas is wrong? So this is a huge issue in the criminal justice system.

COMPAS 59
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Making Your First Hires: 7 Steps Every Startup Should Follow

Linkedin Talent Blog

And one of the biggest challenges any start up company faces right from the “giddy up” is hiring. To help, I’ve put together a list of how you can plan for, interview, and hire your first recruits based on my experience starting my own company–and helping many others grow their own. Think about hiring holistically.

COMPAS 52