HR CH1

Human Resource Management (HRM)

The process of employing people, training them, compensating them, developing policies relating to them, and developing strategies to retain them.

Staffing

The entire hiring process from posting a job to negotiating a salary package.

Compensation

Anything an employee receives for work, including pay, benefits, and bonuses.

Multiculturalism

Encouraging a diverse workplace by recognizing and respecting different backgrounds.

Training and Development

The process of educating employees to enhance their skills and improve job performance.

Retention

Strategies and practices aimed at keeping employees within an organization.

Employment Law

Legal standards and regulations governing workplace practices and employee rights.

Worker Protection

Laws and procedures established to safeguard employees from harm and unethical practices.

Communication Skills

The ability to convey information effectively and clearly.

Ethics in HRM

The consideration of moral principles and values in human resource practices.

Cyberloafing

The act of using work computers for personal reasons during work hours, leading to lost productivity.

Globalization

The process of businesses developing international influence or operating on an international scale.

Offshoring

The relocation of jobs or operations to another country to reduce costs.

Cafeteria Plan

An employee benefit plan that allows workers to choose from a variety of benefit options.

Flexible Work Schedules

Work arrangements that allow employees to set their own working hours.

Generational Workforce

A workforce that includes employees from multiple generations with differing values and expectations.

Health Care Costs

Expenses associated with providing health insurance and medical benefits to employees.

Discrimination Laws

Regulations that protect employees from bias based on factors like race, gender, age, or disability.

Employee Assessment

Evaluating employee performance to guide management decisions and development.

Diversity in the Workplace

The inclusion of individuals from various backgrounds, experiences, and identities in an organizational setting.

Turnover

The rate at which employees leave a company and are replaced.

Professional in Human Resources (PHR)

A certification for HR professionals demonstrating mastery of HR management principles.

Global Professional in Human Resources (GPHR)

A certification for HR professionals managing international HR functions.

Senior Professional in Human Resources (SPHR)

A certification for HR managers focusing on strategic HR functions.

Society for Human Resource Management (SHRM)

A professional association for HR professionals that provides resources and support.

Strategic HRM

Aligning human resource practices with business strategy to enhance organizational performance.

Labor Laws

Laws governing the rights and duties between employers and workers.

Safety and Health Regulations

Guidelines established to ensure workplace safety and employee well-being.