Compensation Analytics and Insights

These flashcards cover key concepts in the lecture on Compensation Analytics and Insights focusing on definitions, methods, and principles essential for understanding compensation strategies.

Goal Setting

The process of defining objectives and targets to guide individual and organizational performance.

Feedback

Information provided to an employee regarding their performance, which is essential for improvement and development.

Performance Appraisal

A systematic evaluation of an employee's job performance and contribution to the organization, typically conducted annually.

Training and Development

The ongoing process of improving employee skills and knowledge through various educational programs.

Team Dynamics

The interactions and relationships between team members that influence group performance and outcomes.