UNIT6

employees, and all of the knowledge, skills, experience, etc. that they have, which makes them valuable to a company or economy

Human capital

the job or activity of providing training for people or helping to prepare them for something

Coaching

willingness to give your time and energy to a job, activity, or something that you believe in

Commitment

the process of giving a group of people more freedom or rights

Empowerment

an extra thing that is given to you by your employer in addition to your pay but is not in the form of money

Fringe benefit

something, especially money, that encourages a person or organization to do something

Incentive

the rate at which employees leave a company and are replaced by new people

Turnover

the combination of observable and measurable knowledge, skills, abilities and personal attributes that contribute to enhanced employee performance and ultimately result in organizational success

Competency

a meeting between an employee and their manager to discuss their progress, aims, and needs at work

Appraisal

the process that initiates, guides, and maintains goal-oriented behaviors

Motivation

The expansion and development of a company's operations, often measured by increased revenue and market presence.

Business growth

The degree to which customers are content with a company's products or services.

Customer satisfaction

The process of enhancing an employee's skills, knowledge, and capabilities through training and professional growth.

Employee development

The total expenses incurred by a company for employing its workforce, including salaries and benefits.

Employment cost

The condition in which a company maintains a strong financial position, characterized by consistent revenue and manageable debt.

Financial stability

The introduction of new ideas, products, processes, or services that lead to improvements or advancements.

Innovation

The portion of a market that a company controls in terms of sales, typically expressed as a percentage of the total market.

Market share

The total value of a company's assets minus its liabilities, representing owners' equity.

Net asset

The level of excellence or superiority of a product, often measured by factors like durability and reliability.

Product quality

A company's commitment to ethical, sustainable, and responsible practices that consider the well-being of society and the environment.

Social responsibility

The process of systematically arranging tasks, duties, and responsibilities into a structured unit of work within an organization.

Job design

The function that measures the effectiveness and efficiency of employees in performing their job roles.

Performance evaluation

The process of attracting and identifying qualified individuals to apply for job openings in the organization.

Recruitment

The practice of strategically planning and developing employees' careers for their and the organization's benefit.

Career management

The formal process of appointing selected individuals to specific job positions.

Hiring

A structured procedure that introduces new employees to the organization, its culture, policies, and work environment.

Induction

The systematic study of job roles and characteristics to gather comprehensive information about them.

Job analysis

The enhancement of employees' competencies through the acquisition of knowledge, skills, and attitudes for current and future job roles.

Training and Development

The careful selection of the most suitable candidates from a pool of applicants recruited during the hiring phase.

Selection

The process of forecasting future workforce needs and developing strategies to meet those needs. / involves assessing future employee needs and devising strategies to meet those needs.

Human Resource Planning

encompasses activities to determine the types and numbers of employees required to achieve business goals.

Staffing

is the process of addressing and resolving complaints or concerns raised by employees.

Grievance Handling

ensures that employees adhere to established rules and regulations within the organization.

Discipline Management

focuses on activities that promote and maintain employee well-being and workplace safety. / is responsible for creating, improving, and maintaining employee health and safety standards.

Health & Safety Management

within the company, such as promotions or transfers, are managed to ensure smooth transitions.

Employee Movements

aims to develop an effective system to motivate employees through various rewards.

Management of Incentives

involves the development, implementation, and maintenance of a fair base pay system within the organization.

Pay Management