unit 6 human resources management

Human capital

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

coaching

The job or activity of providing training for people or helping to prepare them for sth

commitment

willingness to give your team and energy to a job, activity or sth that you believe in

empowerment

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

fringe benefit

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

incentive

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

turnover

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

competency

The combination of observable and measurable knowledge,

skills, abilities and personal attributes that contribute to

enhanced employee performance and ultimately result in organizational success

appraisal

the meeting btw an employee and their manager to discuss their progress, aims and needs at work

motivation

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

Business growth

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

Customer satisfaction

the degree to which customers are content with a company’s products and services

employee development

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

employee cost

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

financial stability

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

innovation

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

market share

The portion of a market that a company controls in terms of

sales, typically expressed as a percentage of the total market

Net asset

the total value of the company’s assets minus its liabilities, representing owner’s equity

Product quality

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

social responsibility

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

Jod design

The process of systematically arranging tasks, duties, and

responsibilities into a structured unit of work within an

organization

performance evaluation

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

recruitment

The process of attracting and identifying qualified individuals

to apply for job openings in the organization

career management

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

hiring

the formal process of appointing selected individuals to specific job positions

induction

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

job analysis

the systemetic study of job roles and characteristics to gather comprehensive information about them

training and development

The enhancement of employees'

competencies through the

acquisition of knowledge, skills,

and attitudes for current and

future job roles.

human power planning

the process of forecasting future workforce needs and developing strategies to meet those needs

selection

The careful selection of the most

suitable candidates from a pool

of applicants recruited during

the hiring phase

staffing

consists of recruitment,

selection, hiring, and induction

processes to fill job vacancies

effectively.

employment planning

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

human resources planning

involves assessing future employee needs and devising

strategies to meet those needs

grievance handling

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

discipline management

ensures that employees adhere to established rules and

regulations within the organization

welfare management

focuses on activities that promote and maintain employee well-being and workplace safety

employee movements

within the company, such as

promotions or transfers, are

managed to ensure smooth

transitions.

management of incentives

aims to develop an effective system to motivate employees

through various rewards.

Health & Safety Management

is responsible for creating, improving, and maintaining

employee health and safety standards

pay management

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

Career management

is the strategic planning and development of employees'

careers to align their goals with the organization's objectives

Non-profit organization

An organization that operates for purposes other than profit,

focusing on social, educational, charitable, religious, or

humanitarian missions.

non-managerial employee

An individual within an

organization who does not

supervise others, focusing on

specific tasks within their

department or team.

Profit organization

An organization or company that

operates with the primary goal

of earning profit for its owners

or shareholders.

Managerial employees

Individuals within an organization responsible for overseeing a department, team, or function, typically having authority over other employees and playing a key role in decision-making.

cooperative sector

Organizations owned and operated by their members who

pool resources and share in the benefits.

private sector

Businesses and organizations that are privately owned and operated for profit, rather than being owned by the government or public sector.

labor relations

The relationships between employers and employees,

particularly in terms of negotiations, agreements, and

the overall management of the workforce within an

organization.

Job seeker

individual actively looking for job opportunities that match

their skills and career goals.

trade union

an organization that represents workers in specific industries or

professions to negotiate better wages, working conditions, and

benefits with employers