Human Capital

Human Capital

Refers to the skills, knowledge, and experience possessed by employees that contribute to the economic value of a business.

Recruitment and Selection

The process of attracting, screening, and selecting qualified candidates for a job within an organization.

Line Manager

Holds direct responsibility for overseeing employees and their work within a specific department.

Strategic HRM

Involves aligning HR practices with the organization's strategic goals to enhance business performance.

Unitarist vs

Unitarists believe in a common goal without personal interests, while pluralists manage diverse interests within a group.

Performance Appraisal

A formal evaluation process to assess an employee's job performance against set objectives and standards.

Job Evaluation

The process of determining the relative worth of different jobs within an organization for establishing a fair pay structure.

Diversity

Recognizes and values individual differences in a workforce, including visible and non-visible characteristics.

Equal Opportunities

Ensuring fair treatment, access, and advancement opportunities for all employees, regardless of differences.

Discrimination

Being treated unfavorably due to a specific provision, criterion, or practice that puts a certain group at a disadvantage.

Harassment

Unwanted behavior, either verbal or physical, that violates a person's dignity.

Equal Opportunities Approach

Focuses on sameness, supporting legislative actions to provide equal opportunities for all individuals and aiming for equality of outcome.

Management of Diversity Approach

Emphasizes differences, focusing on individual improvement and strategic implementation of diversity in the organization.

AI in Recruitment

The use of artificial intelligence in job interviews and recruitment processes to ensure best fit, streamline initial selection, and conduct AI-led interviews.

Algorithmic Bias

Bias introduced by algorithms due to factors like poor data collection, training data, and ethical concerns in the data collection process.