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This set of flashcards covers key vocabulary and definitions related to Human Resources and ERP Systems, based on the provided lecture notes.
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Human Resource Management (HRM)
The strategic approach to the effective management of people in an organization.
ERP
Enterprise Resource Planning; an integrated management of core business processes, often in real-time.
Compensation and Benefits Administration
Processes involved in managing employee compensation and associated benefits to attract and retain talent.
HRIS
Human Resource Information System; a software solution for managing employee data and HR processes.
Employee Information
Data related to employees acquired and maintained for organizational management.
Skills Inventory
A database that tracks the qualifications, skills, and experiences of employees within an organization.
Performance Management
The continuous process of identifying, measuring, and developing the performance of individuals and teams.
Recruiting Process
The series of actions taken by an organization to attract and select candidates for employment.
Operational Management Control
Activities that ensure the organization’s operations are efficient and effective.
Government Reporting
Compliance with legal requirements to report employee information and organizational data to government entities.
Workflow Management
A systematic approach to optimizing business processes through the automation of tasks and routing of documents.
Audit Trail
A secure record that tracks changes made to data, providing accountability and transparency.
Job Analysis
The process of studying jobs to identify their components, including responsibilities, tasks, and qualifications.
Employee Self-Service
A system that allows employees to access their personal data and perform certain HR-related tasks independently.
Retention Strategies
Methods and practices implemented by organizations to keep employees engaged and minimize turnover.
Scalable Technology
A capability of technology to expand and manage increased workloads effectively over time.