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The process of integrating a new employee into an organization and its culture. Importance: Effective onboarding improves employee retention and productivity.

A measurement of the number of employees who leave an organization over a set period. Importance: It helps to measure employee retention and satisfaction.

A regular review of an employee’s job performance and contribution to the company. Importance: It assists in career development and compensation decisions.

Key Performance Indicators are measurable values that demonstrate how effectively a company is achieving business objectives. Importance: KPIs help in monitoring progress towards goals.

The practice of having certain job functions done outside a company instead of having an in-house department handle them. Importance: Can reduce costs and increase efficiency.

The process of comparing one's business processes and performance metrics to industry bests or best practices. Importance: Helps organizations understand how they compare with competitors.

A system where employees receive confidential, anonymous feedback from the people who work around them. Importance: Offers a comprehensive view of employee performance.

The natural process where the workforce shrinks due to employees retiring or resigning. Importance: Its analysis helps anticipate future hiring needs and costs.

The process of finding and acquiring skilled human labor for organizational needs and to meet any labor requirement. Importance: Critical for sourcing the best talent to achieve business goals.

The extent to which employees feel passionate about their jobs, are committed to the organization, and put discretionary effort into their work. Importance: Impacts productivity and retention.

A strategy for passing on leadership roles, often the ownership of a company, to an employee or group of employees. Importance: Ensures business continuity and leadership development.

The combination of salary and additional benefits that an employee receives from their employer. Importance: Attracts and retains employees; affects job satisfaction.

Policies and programs that promote the representation and participation of different groups of individuals. Importance: Enhances business innovation and decision-making.

The deliberate, systematic, and sustained effort to improve the effectiveness of an organization. Importance: Helps organizations adapt to changes and improve processes.

The economic value that an employee provides to an organization through their knowledge, skills, and abilities. Importance: Key factor in organizational performance and competitive advantage.

The ability of an organization to retain its employees. Importance: Reduces turnover costs and preserves the knowledge base within the company.

The process of collecting and analyzing Human Resource data to improve an organization’s workforce performance. Importance: Provides insights for better HR decision-making and strategic planning.

The equilibrium between an individual’s work and personal life. Importance: Good balance can lead to improved employee health, productivity, and retention.

The process of promoting a company as the employer of choice to a desired target group. Importance: Attracts and retains talented employees; affects perception of company.